Triumph Group, Inc. (NYSE:TGI) Given Average Recommendation of “Hold” by Brokerages

Shares of Triumph Group, Inc. (NYSE:TGI) have been assigned an average rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $14.78.

Several research analysts have recently weighed in on the company. Bank of America downgraded Triumph Group from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $17.00 to $12.00 in a research note on Tuesday, September 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a $14.00 target price (down 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 reduced their target price for the stock from $19.00 to $15.00 in a research note on Tuesday, August 13th. JPMorgan Chase & Co. downgraded Triumph Group from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $15.00 to $12.00 in a research note on Monday, October 14th. Finally, Barclays reduced their target price on Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, August 12th.

Triumph Group Trading Down 0.2 %

Shares of NYSE:TGI opened at $15.07 on Wednesday. Triumph Group has a 12-month low of $7.19 and a 12-month high of $17.87. The company has a market capitalization of $1.17 billion, a PE ratio of 2.27 and a beta of 2.49. The business has a 50 day moving average of $13.48 and a two-hundred day moving average of $14.30.

Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $281.00 million during the quarter, compared to analyst estimates of $274.64 million. Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.10) earnings per share. Equities research analysts predict that Triumph Group will post 0.44 earnings per share for the current fiscal year.

Institutional Trading of Triumph Group

Large investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. grew its holdings in Triumph Group by 58.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 428,650 shares of the aerospace company’s stock valued at $6,605,000 after buying an additional 158,893 shares in the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of Triumph Group during the 1st quarter worth $1,545,000. SG Americas Securities LLC grew its holdings in shares of Triumph Group by 199.0% during the 3rd quarter. SG Americas Securities LLC now owns 67,719 shares of the aerospace company’s stock worth $873,000 after purchasing an additional 45,074 shares during the period. ProShare Advisors LLC grew its holdings in shares of Triumph Group by 7.2% during the 1st quarter. ProShare Advisors LLC now owns 13,263 shares of the aerospace company’s stock worth $199,000 after purchasing an additional 892 shares during the period. Finally, Kennedy Capital Management LLC grew its holdings in shares of Triumph Group by 199.6% during the 1st quarter. Kennedy Capital Management LLC now owns 450,918 shares of the aerospace company’s stock worth $6,782,000 after purchasing an additional 300,407 shares during the period. 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 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.