Shares of Triumph Group Inc (NYSE:TGI) have been given an average recommendation of “Hold” by the twelve research firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $23.43.
A number of brokerages have issued reports on TGI. UBS Group began coverage on shares of Triumph Group in a research note on Wednesday, August 15th. They set a “sell” rating and a $19.00 target price for the company. Zacks Investment Research lowered shares of Triumph Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. ValuEngine raised shares of Triumph Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Canaccord Genuity reissued a “hold” rating and set a $26.00 target price on shares of Triumph Group in a research note on Wednesday, August 8th. Finally, Barclays decreased their target price on shares of Triumph Group from $28.00 to $23.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 4th.
Shares of NYSE:TGI traded up $2.27 during trading on Monday, reaching $21.89. 1,030,171 shares of the company traded hands, compared to its average volume of 581,992. The firm has a market capitalization of $1.08 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 0.88 and a beta of 1.90. Triumph Group has a 1-year low of $16.80 and a 1-year high of $31.90. The company has a quick ratio of 0.81, a current ratio of 1.23 and a debt-to-equity ratio of 3.16.
In related news, Director Joseph Silvestri sold 5,000 shares of Triumph Group stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $22.00, for a total value of $110,000.00. Following the completion of the sale, the director now owns 107,662 shares of the company’s stock, valued at approximately $2,368,564. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Triumph Group by 9.5% in the 2nd quarter. BlackRock Inc. now owns 9,187,465 shares of the aerospace company’s stock valued at $180,074,000 after purchasing an additional 794,349 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Triumph Group by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 121,514 shares of the aerospace company’s stock valued at $2,382,000 after purchasing an additional 2,816 shares during the last quarter. Hanson & Doremus Investment Management lifted its stake in shares of Triumph Group by 46.8% in the 2nd quarter. Hanson & Doremus Investment Management now owns 33,451 shares of the aerospace company’s stock valued at $656,000 after purchasing an additional 10,658 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Triumph Group by 1.4% in the 1st quarter. Royal Bank of Canada now owns 384,088 shares of the aerospace company’s stock valued at $9,679,000 after purchasing an additional 5,337 shares during the last quarter. Finally, MainStreet Investment Advisors LLC bought a new position in Triumph Group in the 3rd quarter worth $234,000.
About Triumph Group
Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.
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