Triumph Group, Inc. (NYSE:TGI) Given Consensus Rating of “Moderate Buy” by Brokerages

Triumph Group, Inc. (NYSE:TGI) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $18.75.

Several brokerages have recently weighed in on TGI. JPMorgan Chase & Co. upgraded Triumph Group from an “underweight” rating to a “neutral” rating and raised their target price for the company from $13.00 to $17.00 in a research note on Monday, April 15th. Wolfe Research upgraded Triumph Group from a “peer perform” rating to an “outperform” rating and set a $18.00 price target for the company in a report on Thursday, March 28th. Barclays dropped their price objective on shares of Triumph Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. The Goldman Sachs Group upped their price target on shares of Triumph Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, StockNews.com lowered shares of Triumph Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st.

Insider Activity

In other Triumph Group news, Director Neal J. Keating purchased 10,000 shares of the stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average price of $14.13 per share, for a total transaction of $141,300.00. Following the completion of the acquisition, the director now owns 68,987 shares of the company’s stock, valued at approximately $974,786.31. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.31% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Triumph Group

Several institutional investors and hedge funds have recently modified their holdings of TGI. Headlands Technologies LLC purchased a new stake in shares of Triumph Group during the first quarter worth $35,000. Signaturefd LLC increased its position in Triumph Group by 298.4% in the 4th quarter. Signaturefd LLC now owns 2,506 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 1,877 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Triumph Group during the 1st quarter worth about $56,000. Lazard Asset Management LLC lifted its holdings in shares of Triumph Group by 98.3% during the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock valued at $58,000 after buying an additional 1,922 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Triumph Group by 473.7% in the 2nd quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock valued at $79,000 after buying an additional 4,249 shares in the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Triumph Group Stock Performance

Triumph Group stock opened at $16.52 on Monday. The firm has a market capitalization of $1.27 billion, a PE ratio of 2.49, a price-to-earnings-growth ratio of 20.14 and a beta of 2.53. Triumph Group has a one year low of $7.00 and a one year high of $17.87. The stock’s 50 day moving average price is $15.08 and its 200 day moving average price is $14.71.

Triumph Group (NYSE:TGI) last posted its earnings results on Thursday, May 23rd. The aerospace company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.19. The business had revenue of $358.60 million for the quarter, compared to analysts’ expectations of $341.95 million. Triumph Group had a net margin of 39.09% and a negative return on equity of 0.78%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 earnings per share. On average, analysts forecast that Triumph Group will post 0.48 earnings per share for the current fiscal year.

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.