Triumph Group, Inc. (NYSE:TGI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Triumph Group, Inc. (NYSE:TGI) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $16.89.

A number of research firms have recently issued reports on TGI. Truist Financial cut their target price on shares of Triumph Group from $22.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. TD Cowen restated a “hold” rating and issued a $14.00 price objective (down from $19.50) on shares of Triumph Group in a report on Tuesday, May 28th. The Goldman Sachs Group cut Triumph Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $19.00 to $15.00 in a report on Tuesday. Jefferies Financial Group reissued a “hold” rating and issued a $14.00 price target (down previously from $20.00) on shares of Triumph Group in a report on Monday. Finally, Barclays lowered their target price on Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday.

Triumph Group Stock Performance

Shares of TGI stock opened at $13.64 on Friday. Triumph Group has a twelve month low of $7.00 and a twelve month high of $17.87. The stock’s 50 day simple moving average is $15.34 and its 200 day simple moving average is $14.68. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 2.06, a PEG ratio of 20.07 and a beta of 2.53.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $281.00 million for the quarter, compared to the consensus estimate of $274.64 million. Triumph Group had a negative return on equity of 1.77% and a net margin of 40.39%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.10) EPS. On average, analysts forecast that Triumph Group will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling

In other Triumph Group news, Director Neal J. Keating acquired 10,000 shares of the stock in a transaction on Tuesday, June 4th. The shares were purchased 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 in the company, valued at approximately $974,786.31. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.31% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System boosted its stake in Triumph Group by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 38,700 shares of the aerospace company’s stock worth $596,000 after purchasing an additional 600 shares during the period. Keeley Teton Advisors LLC grew its holdings in Triumph Group by 0.6% in the fourth quarter. Keeley Teton Advisors LLC now owns 120,877 shares of the aerospace company’s stock worth $2,004,000 after purchasing an additional 721 shares during the period. ProShare Advisors LLC raised its position in shares of Triumph Group by 7.2% in the 1st quarter. ProShare Advisors LLC now owns 13,263 shares of the aerospace company’s stock worth $199,000 after purchasing an additional 892 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Triumph Group by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,340 shares of the aerospace company’s stock worth $545,000 after acquiring an additional 1,405 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Triumph Group by 298.4% during the 4th quarter. Signaturefd LLC now owns 2,506 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 1,877 shares during the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, 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, cyber protected process controllers, 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.