Triumph Group, Inc. (NYSE:TGI) Given Consensus Rating of “Moderate Buy” by Brokerages

Triumph Group, Inc. (NYSE:TGI) has received an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $18.75.

A number of equities research analysts have recently commented on the stock. Barclays lowered their price target on shares of Triumph Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. JPMorgan Chase & Co. upgraded shares of Triumph Group from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $13.00 to $17.00 in a report on Monday, April 15th. Wolfe Research upgraded shares of 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. StockNews.com downgraded shares of Triumph Group from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. Finally, TD Cowen restated a “hold” rating and issued a $14.00 target price (down from $19.50) on shares of Triumph Group in a report on Tuesday, May 28th.

Triumph Group Trading Down 0.3 %

Shares of TGI opened at $14.25 on Thursday. The stock has a market cap of $1.10 billion, a P/E ratio of 2.15, a PEG ratio of 16.99 and a beta of 2.53. The company has a 50-day moving average of $14.10 and a two-hundred day moving average of $14.41. Triumph Group has a 12-month low of $7.00 and a 12-month high of $17.27.

Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Thursday, May 23rd. The aerospace company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.19. The business had revenue of $358.60 million during the quarter, compared to the consensus estimate of $341.95 million. Triumph Group had a net margin of 39.09% and a negative return on equity of 0.78%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. As a group, analysts forecast that Triumph Group will post 0.5 EPS for the current fiscal year.

Insider Transactions at Triumph Group

In other news, Director Cynthia M. Egnotovich bought 10,000 shares of Triumph Group stock in a transaction dated Thursday, June 6th. The shares were acquired at an average cost of $15.14 per share, with a total value of $151,400.00. Following the completion of the transaction, the director now owns 32,561 shares in the company, valued at approximately $492,973.54. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Institutional Trading of Triumph Group

Several institutional investors have recently added to or reduced their stakes in TGI. Amalgamated Bank raised its holdings in Triumph Group by 8.9% in the third 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 in the last quarter. Swiss National Bank raised its holdings in Triumph Group by 1.8% in the third quarter. Swiss National Bank now owns 144,000 shares of the aerospace company’s stock valued at $1,103,000 after acquiring an additional 2,500 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Triumph Group by 17.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 583,763 shares of the aerospace company’s stock valued at $4,472,000 after acquiring an additional 87,248 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in Triumph Group by 13.7% in the third quarter. Texas Permanent School Fund Corp now owns 64,528 shares of the aerospace company’s stock valued at $494,000 after acquiring an additional 7,762 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in Triumph Group by 46.0% in the third quarter. Citigroup Inc. now owns 130,055 shares of the aerospace company’s stock valued at $996,000 after acquiring an additional 40,982 shares in the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

About Triumph Group

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.