Triumph Group (NYSE:TGI) Price Target Raised to $20.00 at The Goldman Sachs Group

Triumph Group (NYSE:TGI) had its price target increased by The Goldman Sachs Group from $18.00 to $20.00 in a research report report published on Tuesday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the aerospace company’s stock.

Other research analysts have also issued research reports about the stock. Barclays raised shares of Triumph Group from an equal weight rating to an overweight rating and set a $20.00 price objective on the stock in a research note on Friday, January 5th. Bank of America raised shares of Triumph Group from an underperform rating to a buy rating and lifted their price objective for the stock from $9.00 to $21.00 in a research note on Thursday, January 25th. Wolfe Research raised shares of Triumph Group from a peer perform rating to an outperform rating and set a $18.00 price objective on the stock in a research note on Thursday, March 28th. Robert W. Baird raised shares of Triumph Group from a neutral rating to an outperform rating and lifted their price target for the company from $13.00 to $20.00 in a research note on Tuesday, January 16th. Finally, Truist Financial lifted their price target on shares of Triumph Group from $17.00 to $27.00 and gave the company a buy rating in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $19.63.

Triumph Group Trading Down 0.5 %

Shares of NYSE TGI opened at $13.59 on Tuesday. The firm’s 50-day moving average is $14.29 and its 200-day moving average is $12.71. Triumph Group has a 1 year low of $7.00 and a 1 year high of $17.27. The firm has a market capitalization of $1.04 billion, a PE ratio of -19.99, a price-to-earnings-growth ratio of 7.80 and a beta of 2.58.

Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, February 7th. The aerospace company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.30). Triumph Group had a negative return on equity of 2.15% and a negative net margin of 3.49%. The firm had revenue of $285.00 million for the quarter, compared to the consensus estimate of $367.96 million. During the same period in the previous year, the business earned $0.12 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Triumph Group will post -0.43 earnings per share for the current fiscal year.

Insider Activity

In other Triumph Group news, Director Neal J. Keating acquired 7,200 shares of the stock in a transaction dated Friday, February 9th. The shares were bought at an average cost of $14.53 per share, for a total transaction of $104,616.00. Following the completion of the acquisition, the director now directly owns 58,987 shares of the company’s stock, valued at $857,081.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is owned by corporate insiders.

Institutional Trading of Triumph Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Graham Capital Management L.P. raised its holdings in shares of Triumph Group by 122.3% in the third quarter. Graham Capital Management L.P. now owns 136,580 shares of the aerospace company’s stock valued at $1,046,000 after purchasing an additional 75,147 shares during the last quarter. Citigroup Inc. increased its holdings in Triumph Group by 46.0% during the third quarter. Citigroup Inc. now owns 130,055 shares of the aerospace company’s stock worth $996,000 after buying an additional 40,982 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Triumph Group by 120.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 346,405 shares of the aerospace company’s stock worth $5,743,000 after buying an additional 189,161 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Triumph Group by 17.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 583,763 shares of the aerospace company’s stock worth $4,472,000 after buying an additional 87,248 shares during the last quarter. Finally, tru Independence LLC increased its holdings in Triumph Group by 69.7% during the third quarter. tru Independence LLC now owns 506,425 shares of the aerospace company’s stock worth $3,879,000 after buying an additional 208,067 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.