Analysts Set Triumph Group, Inc. (NYSE:TGI) Price Target at $21.20

Triumph Group, Inc. (NYSE:TGIGet Rating) has earned an average rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $21.20.

Several equities analysts recently weighed in on TGI shares. Jefferies Financial Group raised Triumph Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $20.00 to $26.00 in a research note on Monday, February 14th. StockNews.com assumed coverage on Triumph Group in a research report on Thursday, March 31st. They set a “hold” rating for the company.

Triumph Group stock opened at $24.06 on Friday. Triumph Group has a twelve month low of $14.12 and a twelve month high of $27.85. The stock’s 50 day moving average is $23.70.

Triumph Group (NYSE:TGIGet Rating) last posted its quarterly earnings data on Wednesday, February 9th. The aerospace company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $319.25 million during the quarter, compared to analysts’ expectations of $368.80 million. Triumph Group had a negative return on equity of 3.86% and a negative net margin of 6.86%. During the same period last year, the firm earned $0.09 EPS. Equities analysts predict that Triumph Group will post 0.82 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Metropolitan Life Insurance Co NY lifted its stake in shares of Triumph Group by 3.8% during the third quarter. Metropolitan Life Insurance Co NY now owns 16,000 shares of the aerospace company’s stock worth $298,000 after purchasing an additional 589 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Triumph Group by 5.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 11,000 shares of the aerospace company’s stock worth $200,000 after acquiring an additional 600 shares during the last quarter. Maryland State Retirement & Pension System increased its position in shares of Triumph Group by 2.8% during the first quarter. Maryland State Retirement & Pension System now owns 26,134 shares of the aerospace company’s stock worth $661,000 after acquiring an additional 716 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in Triumph Group by 3.1% in the third quarter. Cornerstone Wealth Management LLC now owns 28,904 shares of the aerospace company’s stock valued at $538,000 after buying an additional 880 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in Triumph Group by 0.8% in the fourth quarter. Public Sector Pension Investment Board now owns 131,595 shares of the aerospace company’s stock valued at $2,438,000 after buying an additional 1,060 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

About Triumph Group (Get Rating)

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 Aerospace Structures. 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.

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