Robert W. Baird Reiterates Neutral Rating for Triumph Group (NYSE:TGI)

Triumph Group (NYSE:TGI)‘s stock had its “neutral” rating reissued by analysts at Robert W. Baird in a research note issued on Thursday, Benzinga reports. They currently have a $11.00 price objective on the aerospace company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 25.00% from the stock’s current price.

A number of other research firms have also issued reports on TGI. Bank of America lowered Triumph Group from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $19.00 to $8.00 in a research note on Friday, August 11th. Wolfe Research upgraded Triumph Group from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, August 2nd. Finally, StockNews.com assumed coverage on Triumph Group in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.80.

Triumph Group Price Performance

Shares of TGI opened at $8.80 on Thursday. The firm has a market cap of $675.05 million, a PE ratio of 7.04, a PEG ratio of 11.05 and a beta of 2.63. The stock’s fifty day moving average price is $10.02 and its two-hundred day moving average price is $10.95. Triumph Group has a 1 year low of $7.84 and a 1 year high of $13.33.

Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). Triumph Group had a net margin of 6.43% and a negative return on equity of 5.53%. The company had revenue of $327.15 million for the quarter, compared to the consensus estimate of $322.57 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. Sell-side analysts anticipate that Triumph Group will post 0.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Triumph Group news, Director Neal J. Keating bought 10,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were acquired at an average cost of $8.04 per share, for a total transaction of $80,400.00. Following the purchase, the director now directly owns 51,787 shares of the company’s stock, valued at $416,367.48. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Triumph Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Boulder Hill Capital Management LP purchased a new position in shares of Triumph Group in the 4th quarter worth about $435,000. Acrisure Capital Management LLC purchased a new position in shares of Triumph Group in the 4th quarter worth about $136,000. tru Independence LLC boosted its holdings in shares of Triumph Group by 8.8% in the 1st quarter. tru Independence LLC now owns 272,583 shares of the aerospace company’s stock worth $3,159,000 after purchasing an additional 21,975 shares in the last quarter. Homestead Advisers Corp boosted its holdings in Triumph Group by 30.0% during the 1st quarter. Homestead Advisers Corp now owns 469,430 shares of the aerospace company’s stock valued at $5,441,000 after acquiring an additional 108,330 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Triumph Group by 46.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,111 shares of the aerospace company’s stock valued at $337,000 after acquiring an additional 9,280 shares during the period. 99.65% 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 aerostructures, 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, 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.