The Goldman Sachs Group Boosts Triumph Group (NYSE:TGI) Price Target to $20.00

Triumph Group (NYSE:TGI) had its price objective increased by The Goldman Sachs Group from $18.00 to $20.00 in a research note published on Tuesday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the aerospace company’s stock.

A number of other research analysts have also weighed in on TGI. Truist Financial raised their price objective on Triumph Group from $17.00 to $27.00 and gave the company a buy rating in a report on Wednesday, January 10th. Wolfe Research upgraded Triumph Group from a peer perform rating to an outperform rating and set a $18.00 price objective on the stock in a report on Thursday, March 28th. Barclays upgraded Triumph Group from an equal weight rating to an overweight rating and set a $20.00 price target on the stock in a report on Friday, January 5th. JPMorgan Chase & Co. upgraded Triumph Group from an underweight rating to a neutral rating and lifted their price target for the stock from $13.00 to $17.00 in a report on Monday. Finally, Robert W. Baird upgraded Triumph Group from a neutral rating to an outperform rating and lifted their price target for the stock from $13.00 to $20.00 in a report on Tuesday, January 16th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Triumph Group currently has an average rating of Moderate Buy and a consensus target price of $19.63.

Triumph Group Price Performance

Shares of NYSE:TGI opened at $12.94 on Tuesday. Triumph Group has a 1 year low of $7.00 and a 1 year high of $17.27. The firm has a market capitalization of $994.70 million, a price-to-earnings ratio of -19.03, a price-to-earnings-growth ratio of 7.80 and a beta of 2.58. The business’s 50 day moving average price is $14.24 and its 200-day moving average price is $12.71.

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

Insider Buying and Selling

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

Hedge Funds Weigh In On Triumph Group

Several institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd grew its position in Triumph Group by 106.9% in the 4th quarter. Quadrature Capital Ltd now owns 53,551 shares of the aerospace company’s stock valued at $888,000 after acquiring an additional 27,664 shares in the last quarter. Vanguard Group Inc. grew its position in Triumph Group by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 7,021,354 shares of the aerospace company’s stock valued at $116,414,000 after acquiring an additional 110,375 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Triumph Group by 2.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 278,187 shares of the aerospace company’s stock valued at $4,613,000 after acquiring an additional 5,412 shares in the last quarter. Legal & General Group Plc grew its position in Triumph Group by 4.3% in the 4th quarter. Legal & General Group Plc now owns 230,252 shares of the aerospace company’s stock valued at $3,818,000 after acquiring an additional 9,521 shares in the last quarter. Finally, Barclays PLC grew its position in Triumph Group by 176.9% in the 4th quarter. Barclays PLC now owns 134,444 shares of the aerospace company’s stock valued at $2,229,000 after acquiring an additional 85,899 shares in the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

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.