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

Shares of Triumph Group, Inc. (NYSE:TGI) have earned an average rating of “Reduce” from the ten analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $20.63.

Several equities research analysts have commented on TGI shares. Baird R W lowered Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Barclays cut Triumph Group from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. Wolfe Research lowered Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Robert W. Baird reaffirmed a “neutral” rating and set a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Finally, StockNews.com started coverage on shares of Triumph Group in a research note on Monday. They issued a “hold” rating on the stock.

Triumph Group Stock Performance

Triumph Group stock opened at $25.66 on Friday. The stock has a market capitalization of $1.99 billion, a P/E ratio of 3.56 and a beta of 2.34. The company’s fifty day moving average price is $25.25 and its 200 day moving average price is $21.88. Triumph Group has a 1 year low of $11.01 and a 1 year high of $25.74.

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

Insider Buying and Selling

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total value of $886,200.00. Following the sale, the chief accounting officer now owns 51,696 shares in the company, valued at $1,308,942.72. The trade was a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is owned by company insiders.

Hedge Funds Weigh In On Triumph Group

A number of hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC boosted its stake in Triumph Group by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock worth $44,000 after buying an additional 2,091 shares during the period. KBC Group NV acquired a new position in shares of Triumph Group in the 1st quarter worth approximately $79,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Triumph Group during the 1st quarter worth approximately $109,000. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Triumph Group by 58.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock worth $126,000 after purchasing an additional 2,484 shares during the period. Finally, Optimist Retirement Group LLC acquired a new stake in Triumph Group in the 1st quarter valued at approximately $284,000. 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.