Triumph Group (NYSE:TGI) Downgraded by JPMorgan Chase & Co. to Underweight

Triumph Group (NYSE:TGI) was downgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued to investors on Monday, Briefing.com reports. They presently have a $12.00 target price on the aerospace company’s stock, down from their prior target price of $15.00. JPMorgan Chase & Co.‘s price target suggests a potential downside of 20.00% from the company’s previous close.

A number of other analysts also recently issued reports on TGI. Bank of America downgraded shares of Triumph Group from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $17.00 to $12.00 in a report on Tuesday, September 24th. Barclays lowered their price objective on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Truist Financial downgraded shares of Triumph Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $17.00 to $15.00 in a report on Wednesday, August 21st. Jefferies Financial Group reiterated a “hold” rating and issued a $14.00 price objective (down from $20.00) on shares of Triumph Group in a report on Monday, August 12th. Finally, The Goldman Sachs Group downgraded shares of Triumph Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $19.00 to $15.00 in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Triumph Group currently has a consensus rating of “Hold” and a consensus price target of $15.11.

Triumph Group Stock Performance

Shares of TGI opened at $15.00 on Monday. Triumph Group has a twelve month low of $7.07 and a twelve month high of $17.87. The firm’s 50 day moving average price is $13.34 and its two-hundred day moving average price is $14.29. The firm has a market cap of $1.16 billion, a P/E ratio of 2.26 and a beta of 2.49.

Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. The company had revenue of $281.00 million during the quarter, compared to the consensus estimate of $274.64 million. During the same period in the previous year, the firm posted ($0.10) EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Triumph Group will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Triumph Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Triumph Group by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 7,021,354 shares of the aerospace company’s stock valued at $116,414,000 after acquiring an additional 110,375 shares during the period. Quadrature Capital Ltd lifted its position in Triumph Group by 106.9% during the fourth quarter. Quadrature Capital Ltd now owns 53,551 shares of the aerospace company’s stock worth $888,000 after purchasing an additional 27,664 shares during the period. Quantbot Technologies LP bought a new stake in Triumph Group during the first quarter worth about $804,000. Headlands Technologies LLC bought a new stake in Triumph Group during the first quarter worth about $35,000. Finally, Russell Investments Group Ltd. lifted its position in Triumph Group by 6.1% during the first quarter. Russell Investments Group Ltd. now owns 53,118 shares of the aerospace company’s stock worth $799,000 after purchasing an additional 3,066 shares during the period. 94.53% of the stock is owned by 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.