Triumph Group (NYSE:TGI) Shares Gap Up – Still a Buy?

Triumph Group, Inc. (NYSE:TGI) gapped up prior to trading on Monday . The stock had previously closed at $13.73, but opened at $14.38. Triumph Group shares last traded at $14.24, with a volume of 51,853 shares traded.

Wall Street Analyst Weigh In

TGI has been the topic of several research reports. Truist Financial lowered their price target on Triumph Group from $15.00 to $12.00 and set a “hold” rating on the stock in a research note on Friday, October 18th. Barclays cut their price target on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Bank of America downgraded Triumph Group from a “buy” rating to an “underperform” rating and lowered their target price for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. Jefferies Financial Group restated a “hold” rating and issued a $14.00 price target (down from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. Finally, The Goldman Sachs Group cut shares of Triumph Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $19.00 to $15.00 in a research note on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Triumph Group currently has a consensus rating of “Hold” and a consensus target price of $14.78.

Triumph Group Stock Performance

The company’s 50 day moving average is $13.65 and its 200 day moving average is $14.34. The firm has a market cap of $1.09 billion, a P/E ratio of 2.07 and a beta of 2.48.

Triumph Group (NYSE:TGI) last released its quarterly earnings results 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 firm 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 firm’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 business posted ($0.10) EPS. On average, equities research analysts anticipate that Triumph Group, Inc. will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TGI. Vanguard Group Inc. raised its position in shares of Triumph Group by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 7,021,354 shares of the aerospace company’s stock worth $116,414,000 after purchasing an additional 110,375 shares during the period. Quantbot Technologies LP bought a new position in Triumph Group in the 1st quarter valued at about $804,000. Headlands Technologies LLC acquired a new position in Triumph Group during the 1st quarter valued at about $35,000. Russell Investments Group Ltd. raised its stake in shares of Triumph Group by 6.1% in 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 last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Triumph Group by 7.2% in the first quarter. ProShare Advisors LLC now owns 13,263 shares of the aerospace company’s stock valued at $199,000 after purchasing an additional 892 shares in the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

Triumph Group Company Profile

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.