Triumph Group (NYSE:TGI) Trading Down 5.4%

Triumph Group Inc (NYSE:TGI)’s share price fell 5.4% during trading on Friday . The stock traded as low as $20.46 and last traded at $20.49, 529,063 shares were traded during mid-day trading. A decline of 12% from the average session volume of 600,823 shares. The stock had previously closed at $21.65.

Several brokerages have recently commented on TGI. Barclays lowered Triumph Group from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $23.00 to $20.00 in a research note on Friday, August 23rd. Zacks Investment Research raised Triumph Group from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Monday, July 8th. Finally, ValuEngine lowered Triumph Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $23.61.

The company has a 50 day moving average price of $22.35 and a 200 day moving average price of $22.09. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 1.76 and a beta of 2.78.

Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Wednesday, July 31st. The aerospace company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.01. Triumph Group had a negative return on equity of 29.65% and a negative net margin of 6.96%. The business had revenue of $730.20 million for the quarter, compared to analyst estimates of $700.19 million. During the same quarter in the prior year, the company posted $0.34 EPS. The company’s quarterly revenue was down 12.3% on a year-over-year basis. Research analysts predict that Triumph Group Inc will post 2.56 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of TGI. Nuveen Asset Management LLC acquired a new position in Triumph Group during the 2nd quarter worth about $37,854,000. Renaissance Technologies LLC raised its position in Triumph Group by 118.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,169,100 shares of the aerospace company’s stock valued at $26,772,000 after purchasing an additional 632,700 shares in the last quarter. Earnest Partners LLC raised its position in Triumph Group by 7.7% in the 2nd quarter. Earnest Partners LLC now owns 3,424,243 shares of the aerospace company’s stock valued at $78,415,000 after purchasing an additional 246,060 shares in the last quarter. Vanguard Group Inc. raised its position in Triumph Group by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,379,323 shares of the aerospace company’s stock valued at $123,186,000 after purchasing an additional 222,381 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in Triumph Group by 56.4% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 603,839 shares of the aerospace company’s stock valued at $13,828,000 after purchasing an additional 217,673 shares in the last quarter.

Triumph Group Company Profile (NYSE:TGI)

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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