Triumph Group (NYSE:TGI) Shares Gap Down to $13.55

Shares of Triumph Group, Inc. (NYSE:TGI) gapped down before the market opened on Tuesday . The stock had previously closed at $13.55, but opened at $12.63. Triumph Group shares last traded at $12.83, with a volume of 92,371 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays reduced their price target on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Jefferies Financial Group reiterated a “hold” rating and set a $14.00 target price (down previously from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. The Goldman Sachs Group downgraded Triumph Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $19.00 to $15.00 in a research note on Tuesday, August 13th. Truist Financial cut Triumph Group from a “buy” rating to a “hold” rating and cut their target price for the company from $17.00 to $15.00 in a research note on Wednesday, August 21st. Finally, StockNews.com cut shares of Triumph Group from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.67.

Triumph Group Price Performance

The company has a fifty day moving average price of $14.39 and a two-hundred day moving average price of $14.40. The firm has a market cap of $992.89 million, a price-to-earnings ratio of 1.93, a price-to-earnings-growth ratio of 15.75 and a beta of 2.50.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. The business had revenue of $281.00 million for the quarter, compared to the consensus estimate of $274.64 million. During the same quarter last year, the business posted ($0.10) EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts expect that Triumph Group, Inc. will post 0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Triumph Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new stake in shares of Triumph Group during the first quarter worth $35,000. Quest Partners LLC purchased a new stake in Triumph Group during the second quarter valued at about $41,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Triumph Group in the first quarter worth about $56,000. Lazard Asset Management LLC increased its position in shares of Triumph Group by 98.3% in the first quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 1,922 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Triumph Group by 473.7% during the second quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock valued at $79,000 after acquiring an additional 4,249 shares during the period. Institutional investors and hedge funds own 94.53% of the company’s stock.

About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, 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, cyber protected process controllers, 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.