Triumph Group, Inc. (NYSE:TGI) Given Consensus Rating of “Reduce” by Analysts

Triumph Group, Inc. (NYSE:TGI) has been given an average recommendation of “Reduce” by the ten brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $18.78.

A number of brokerages have issued reports on TGI. Robert W. Baird reiterated a “neutral” rating and issued a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Baird R W lowered Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Truist Financial lifted their target price on Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. Barclays downgraded Triumph Group from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. Finally, Wolfe Research downgraded shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th.

Insiders Place Their Bets

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total transaction of $886,200.00. Following the sale, the chief accounting officer now directly owns 51,696 shares in the company, valued at $1,308,942.72. This represents a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.31% of the company’s stock.

Hedge Funds Weigh In On Triumph Group

Several large investors have recently modified their holdings of TGI. American Century Companies Inc. bought a new stake in Triumph Group in the fourth quarter worth about $30,845,000. Assenagon Asset Management S.A. raised its holdings in shares of Triumph Group by 124.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock worth $43,259,000 after buying an additional 1,286,568 shares during the period. Norges Bank bought a new stake in shares of Triumph Group during the 4th quarter worth approximately $15,945,000. First Trust Advisors LP boosted its holdings in Triumph Group by 59.6% during the 4th quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company’s stock valued at $31,764,000 after acquiring an additional 635,568 shares during the period. Finally, Irenic Capital Management LP grew its position in Triumph Group by 19.9% in the 4th quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company’s stock valued at $70,666,000 after acquiring an additional 628,296 shares during the last quarter. Institutional investors own 94.53% of the company’s stock.

Triumph Group Trading Up 0.1 %

Shares of TGI stock opened at $25.50 on Friday. Triumph Group has a 12 month low of $11.01 and a 12 month high of $25.52. The stock has a market cap of $1.97 billion, a P/E ratio of 3.54 and a beta of 2.53. The company has a 50 day simple moving average of $23.79 and a two-hundred day simple moving average of $18.91.

Triumph Group (NYSE:TGI) last released its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. As a group, equities analysts forecast that Triumph Group will post 0.68 earnings per share for the current year.

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.