Triumph Group Inc (TGI) Receives Consensus Rating of “Hold” from Analysts

Triumph Group Inc (NYSE:TGI) has earned an average recommendation of “Hold” from the thirteen research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $24.25.

TGI has been the subject of a number of analyst reports. ValuEngine downgraded Triumph Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 26th. SunTrust Banks reissued a “hold” rating and set a $23.00 price objective on shares of Triumph Group in a research report on Friday, July 20th. Canaccord Genuity reissued a “hold” rating and set a $26.00 price objective on shares of Triumph Group in a research report on Wednesday, August 8th. Bank of America lowered their price objective on Triumph Group from $29.00 to $24.00 and set an “underperform” rating for the company in a research report on Wednesday, August 15th. Finally, UBS Group initiated coverage on Triumph Group in a research report on Wednesday, August 15th. They set a “sell” rating and a $19.00 price objective for the company.

In related news, Director Joseph Silvestri sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $22.00, for a total transaction of $110,000.00. Following the completion of the sale, the director now owns 107,662 shares in the company, valued at $2,368,564. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is owned by insiders.



A number of hedge funds have recently bought and sold shares of TGI. Victory Capital Management Inc. purchased a new stake in Triumph Group during the first quarter worth approximately $17,351,000. Swiss National Bank lifted its stake in Triumph Group by 4.6% in the first quarter. Swiss National Bank now owns 86,400 shares of the aerospace company’s stock valued at $2,177,000 after buying an additional 3,800 shares during the last quarter. Systematic Financial Management LP lifted its stake in Triumph Group by 5.3% in the first quarter. Systematic Financial Management LP now owns 52,455 shares of the aerospace company’s stock valued at $1,322,000 after buying an additional 2,655 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in Triumph Group in the first quarter valued at approximately $8,880,000. Finally, BlackRock Inc. lifted its stake in Triumph Group by 3.6% in the first quarter. BlackRock Inc. now owns 8,393,116 shares of the aerospace company’s stock valued at $211,508,000 after buying an additional 293,938 shares during the last quarter.

Shares of Triumph Group stock traded up $0.60 on Friday, reaching $22.85. 437,397 shares of the company were exchanged, compared to its average volume of 472,588. Triumph Group has a 1-year low of $17.75 and a 1-year high of $34.58. The company has a market cap of $1.09 billion, a PE ratio of 9.03, a P/E/G ratio of 0.89 and a beta of 1.78. The company has a debt-to-equity ratio of -6.64, a quick ratio of 0.81 and a current ratio of 1.23.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Wednesday, August 8th. The aerospace company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). Triumph Group had a positive return on equity of 28.57% and a negative net margin of 15.20%. The company had revenue of $832.90 million for the quarter, compared to analyst estimates of $805.88 million. During the same period in the prior year, the firm posted $0.24 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. sell-side analysts predict that Triumph Group will post 1.86 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 15th. Investors of record on Friday, August 31st were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Thursday, August 30th. Triumph Group’s payout ratio is 6.32%.

Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.

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Analyst Recommendations for Triumph Group (NYSE:TGI)

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