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

Shares of Triumph Group, Inc. (NYSE:TGI – Get Rating) have earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $13.83.

TGI has been the subject of several research analyst reports. StockNews.com initiated coverage on Triumph Group in a research report on Thursday, March 16th. They set a “hold” rating for the company. The Goldman Sachs Group dropped their target price on shares of Triumph Group from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, January 18th.

Triumph Group Stock Down 0.2 %

TGI stock opened at $10.20 on Friday. The stock has a market cap of $663.11 million, a P/E ratio of 7.34, a PEG ratio of 7.04 and a beta of 2.61. Triumph Group has a twelve month low of $7.84 and a twelve month high of $22.16. The business’s 50-day moving average price is $10.95 and its 200-day moving average price is $11.08.

Insider Transactions at Triumph Group

In other news, CEO Daniel J. Crowley bought 6,018 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The shares were purchased at an average price of $11.01 per share, for a total transaction of $66,258.18. Following the completion of the transaction, the chief executive officer now directly owns 694,959 shares in the company, valued at $7,651,498.59. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Triumph Group news, CEO Daniel J. Crowley purchased 3,982 shares of the stock in a transaction on Friday, March 10th. The shares were bought at an average price of $11.28 per share, for a total transaction of $44,916.96. Following the completion of the transaction, the chief executive officer now owns 688,941 shares of the company’s stock, valued at approximately $7,771,254.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel J. Crowley acquired 6,018 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was acquired at an average price of $11.01 per share, with a total value of $66,258.18. Following the completion of the transaction, the chief executive officer now directly owns 694,959 shares of the company’s stock, valued at $7,651,498.59. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 20,000 shares of company stock worth $220,475. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Triumph Group

Institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors raised its holdings in shares of Triumph Group by 141.0% during the first quarter. Captrust Financial Advisors now owns 2,902 shares of the aerospace company’s stock valued at $73,000 after acquiring an additional 1,698 shares during the last quarter. UBS Group AG raised its holdings in shares of Triumph Group by 112.9% during the third quarter. UBS Group AG now owns 3,202 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 1,698 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Triumph Group during the second quarter valued at approximately $53,000. Allspring Global Investments Holdings LLC raised its position in shares of Triumph Group by 121.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,249 shares of the aerospace company’s stock valued at $62,000 after buying an additional 3,975 shares during the last quarter. Finally, Dark Forest Capital Management LP raised its position in shares of Triumph Group by 341.7% in the first quarter. Dark Forest Capital Management LP now owns 7,699 shares of the aerospace company’s stock valued at $89,000 after buying an additional 5,956 shares during the last quarter. Institutional investors and hedge funds own 97.16% of the company’s stock.

About Triumph Group

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Triumph Group, Inc engages in the designing, engineering, manufacturing, repairing and overhauling of aerospace and defense systems, components and structures. It operates through the following three segments: Triumph Integrated Systems, Triumph Aerospace Structures and Triumph Product Support. The Triumph Integrated Systems segment engages in designing, development and supporting proprietary components, subsystems and systems, as well as production of complex assemblies using external designs.