Triumph Group, Inc. (NYSE:TGI) Receives $19.63 Average PT from Analysts

Shares of Triumph Group, Inc. (NYSE:TGI) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $19.63.

A number of research analysts have weighed in on the company. Wolfe Research raised Triumph Group from a “peer perform” rating to an “outperform” rating and set a $18.00 target price for the company in a report on Thursday, March 28th. Bank of America raised shares of Triumph Group from an “underperform” rating to a “buy” rating and upped their target price for the stock from $9.00 to $21.00 in a report on Thursday, January 25th. Truist Financial raised their price target on shares of Triumph Group from $17.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. raised shares of Triumph Group from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $13.00 to $17.00 in a report on Monday, April 15th. Finally, The Goldman Sachs Group boosted their target price on Triumph Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th.

Triumph Group Trading Up 3.1 %

TGI opened at $13.81 on Wednesday. The company has a 50 day moving average of $13.97 and a 200 day moving average of $13.12. Triumph Group has a 12 month low of $7.00 and a 12 month high of $17.27. The company has a market cap of $1.06 billion, a PE ratio of -20.31, a price-to-earnings-growth ratio of 7.34 and a beta of 2.55.

Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Wednesday, February 7th. The aerospace company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.30). Triumph Group had a negative return on equity of 2.15% and a negative net margin of 3.49%. The company had revenue of $285.00 million during the quarter, compared to the consensus estimate of $367.96 million. During the same period in the previous year, the business earned $0.12 earnings per share. Triumph Group’s revenue was up 8.9% on a year-over-year basis. Research analysts forecast that Triumph Group will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at Triumph Group

In other Triumph Group news, Director Neal J. Keating purchased 7,200 shares of Triumph Group stock in a transaction on Friday, February 9th. The shares were acquired at an average cost of $14.53 per share, for a total transaction of $104,616.00. Following the completion of the transaction, the director now directly owns 58,987 shares of the company’s stock, valued at $857,081.11. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Triumph Group

A number of institutional investors have recently made changes to their positions in the business. Signaturefd LLC boosted its position in Triumph Group by 298.4% during the fourth quarter. Signaturefd LLC now owns 2,506 shares of the aerospace company’s stock valued at $42,000 after buying an additional 1,877 shares during the period. International Assets Investment Management LLC raised its holdings in Triumph Group by 1,558.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,974 shares of the aerospace company’s stock valued at $82,000 after buying an additional 4,674 shares during the last quarter. Psagot Value Holdings Ltd. Israel raised its holdings in Triumph Group by 541.6% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 5,595 shares of the aerospace company’s stock valued at $95,000 after buying an additional 4,723 shares during the last quarter. Fifth Third Bancorp grew its holdings in Triumph Group by 1,980.2% in the 3rd quarter. Fifth Third Bancorp now owns 6,303 shares of the aerospace company’s stock worth $48,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Triumph Group by 11.6% during the third quarter. Victory Capital Management Inc. now owns 12,351 shares of the aerospace company’s stock valued at $95,000 after acquiring an additional 1,285 shares during the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, 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, exhaust nozzles and ducting, 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.