Triumph Group (NYSE:TGI) PT Raised to $20.00 at The Goldman Sachs Group

Triumph Group (NYSE:TGI) had its target price upped by The Goldman Sachs Group from $18.00 to $20.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

A number of other research firms have also issued reports on TGI. Bank of America raised shares of Triumph Group from an underperform rating to a buy rating and upped their target price for the stock from $9.00 to $21.00 in a report on Thursday, January 25th. JPMorgan Chase & Co. raised shares of Triumph Group from an underweight rating to a neutral rating and upped their target price for the stock from $13.00 to $17.00 in a report on Monday. Barclays raised shares of Triumph Group from an equal weight rating to an overweight rating and set a $20.00 target price for the company in a report on Friday, January 5th. Wolfe Research raised shares of Triumph Group from a peer perform rating to an outperform rating and set a $18.00 target price for the company in a report on Thursday, March 28th. Finally, Robert W. Baird raised shares of Triumph Group from a neutral rating to an outperform rating and upped their price objective for the company from $13.00 to $20.00 in a report on Tuesday, January 16th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Triumph Group has an average rating of Moderate Buy and a consensus target price of $19.63.

Triumph Group Stock Performance

NYSE:TGI opened at $12.94 on Tuesday. The company has a fifty day moving average of $14.24 and a two-hundred day moving average of $12.71. The stock has a market capitalization of $994.70 million, a PE ratio of -19.03, a P/E/G ratio of 7.80 and a beta of 2.58. Triumph Group has a fifty-two week low of $7.00 and a fifty-two week high of $17.27.

Triumph Group (NYSE:TGI) last released its earnings results on Wednesday, February 7th. The aerospace company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.30). Triumph Group had a negative return on equity of 2.15% and a negative net margin of 3.49%. The business had revenue of $285.00 million for the quarter, compared to analysts’ expectations of $367.96 million. During the same period in the previous year, the company earned $0.12 EPS. Triumph Group’s quarterly revenue was up 8.9% compared to the same quarter last year. Research analysts forecast that Triumph Group will post -0.43 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Neal J. Keating bought 7,200 shares of the stock in a transaction on Friday, February 9th. The stock was bought at an average price of $14.53 per share, with a total value of $104,616.00. Following the completion of the purchase, the director now directly owns 58,987 shares in the company, valued at approximately $857,081.11. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TGI. Vision One Management Partners LP purchased a new position in Triumph Group during the fourth quarter worth about $34,587,000. Vanguard Group Inc. lifted its position in shares of Triumph Group by 20.1% during the third quarter. Vanguard Group Inc. now owns 6,910,979 shares of the aerospace company’s stock worth $52,938,000 after purchasing an additional 1,155,919 shares in the last quarter. State Street Corp lifted its position in shares of Triumph Group by 23.6% during the first quarter. State Street Corp now owns 4,936,932 shares of the aerospace company’s stock worth $57,219,000 after purchasing an additional 943,658 shares in the last quarter. Millennium Management LLC lifted its position in shares of Triumph Group by 114.4% during the second quarter. Millennium Management LLC now owns 1,550,919 shares of the aerospace company’s stock worth $20,612,000 after purchasing an additional 827,604 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Triumph Group during the fourth quarter worth about $12,720,000. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. It operates in two segments, Triumph Systems & Support, and Triumph Interiors. The company offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, control system valve bodies, landing gear actuation systems, electronic engine controls, landing gear components and assemblies, exhaust nozzles and ducting, main engine gearbox assemblies, geared transmissions and drive train components, main fuel pumps, fuel-metering units, primary and secondary flight control systems, and vibration absorbers.