Triumph Group, Inc. (NYSE:TGI) Given Average Rating of “Reduce” by Analysts

Triumph Group, Inc. (NYSE:TGI) has been given a consensus recommendation of “Reduce” by the ten ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $18.78.

Several analysts have recently weighed in on TGI shares. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Wolfe Research downgraded Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. Barclays cut Triumph Group from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. Robert W. Baird reiterated a “neutral” rating and set a $26.00 price objective (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Finally, StockNews.com assumed coverage on Triumph Group in a research report on Friday. They issued a “hold” rating for the company.

Triumph Group Stock Up 0.0 %

Shares of NYSE TGI opened at $25.27 on Tuesday. The stock’s 50-day simple moving average is $20.76 and its two-hundred day simple moving average is $17.12. Triumph Group has a twelve month low of $11.01 and a twelve month high of $25.41. The firm has a market capitalization of $1.96 billion, a P/E ratio of 3.51 and a beta of 2.51.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. As a group, research analysts anticipate that Triumph Group will post 0.68 EPS for the current fiscal year.

Institutional Trading of Triumph Group

A number of institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. bought a new stake in Triumph Group during the 4th quarter valued at $30,845,000. Assenagon Asset Management S.A. raised its stake in shares of Triumph Group by 124.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock valued at $43,259,000 after acquiring an additional 1,286,568 shares during the last quarter. Norges Bank purchased a new stake in shares of Triumph Group during the fourth quarter worth about $15,945,000. First Trust Advisors LP grew its stake in shares of Triumph Group by 59.6% in the fourth quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company’s stock worth $31,764,000 after purchasing an additional 635,568 shares during the last quarter. Finally, Irenic Capital Management LP increased its holdings in Triumph Group by 19.9% during the 4th quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company’s stock valued at $70,666,000 after purchasing an additional 628,296 shares during the period. Hedge funds and other institutional investors 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.