Triumph Group, Inc. (NYSE:TGI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

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

TGI has been the subject of a number of research analyst reports. Bank of America upgraded Triumph Group from an “underperform” rating to a “buy” rating and raised their target price for the stock from $9.00 to $21.00 in a research note on Thursday, January 25th. 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. The Goldman Sachs Group increased their price target on shares of Triumph Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Truist Financial upped their price objective 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. Finally, JPMorgan Chase & Co. raised shares of Triumph Group from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $13.00 to $17.00 in a research note on Monday, April 15th.

Triumph Group Trading Up 3.1 %

NYSE TGI opened at $13.82 on Wednesday. Triumph Group has a 12-month low of $7.00 and a 12-month high of $17.27. The firm’s fifty day simple moving average is $13.96 and its two-hundred day simple moving average is $13.21. The firm has a market capitalization of $1.06 billion, a P/E ratio of -20.32, a P/E/G ratio of 8.24 and a beta of 2.55.

Triumph Group (NYSE:TGI) last released its 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). The company had revenue of $285.00 million during the quarter, compared to analyst estimates of $367.96 million. Triumph Group had a negative return on equity of 2.15% and a negative net margin of 3.49%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. As a group, sell-side analysts predict that Triumph Group will post -0.32 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Trading of Triumph Group

Several large investors have recently made changes to their positions in the company. Keeley Teton Advisors LLC boosted its stake in Triumph Group by 0.6% during the 4th quarter. Keeley Teton Advisors LLC now owns 120,877 shares of the aerospace company’s stock worth $2,004,000 after purchasing an additional 721 shares during the last quarter. Victory Capital Management Inc. boosted its position in Triumph Group by 11.6% during the third quarter. Victory Capital Management Inc. now owns 12,351 shares of the aerospace company’s stock worth $95,000 after acquiring an additional 1,285 shares during the last quarter. Signaturefd LLC grew its stake in Triumph Group by 298.4% during the 4th quarter. Signaturefd LLC now owns 2,506 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 1,877 shares in the last quarter. Amalgamated Bank raised its holdings in Triumph Group by 8.9% in the 3rd quarter. Amalgamated Bank now owns 28,390 shares of the aerospace company’s stock valued at $217,000 after acquiring an additional 2,328 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in Triumph Group by 11.8% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 22,673 shares of the aerospace company’s stock worth $174,000 after purchasing an additional 2,400 shares in the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

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.