Triumph Group, Inc. (NYSE:TGI) Receives $19.63 Average PT from Brokerages

Triumph Group, Inc. (NYSE:TGI) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $19.63.

Several research firms have commented on TGI. Barclays upgraded Triumph Group from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a research note on Friday, January 5th. Wolfe Research upgraded shares of Triumph Group from a “peer perform” rating to an “outperform” rating and set a $18.00 target price for the company in a report on Thursday, March 28th. Bank of America raised shares of Triumph Group from an “underperform” rating to a “buy” rating and raised their target price for the company from $9.00 to $21.00 in a research report on Thursday, January 25th. JPMorgan Chase & Co. upgraded shares of Triumph Group from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $13.00 to $17.00 in a research note on Monday, April 15th. Finally, Robert W. Baird upgraded shares of Triumph Group from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $13.00 to $20.00 in a research note on Tuesday, January 16th.

Insider Activity

In other Triumph Group news, Director Neal J. Keating bought 7,200 shares of Triumph Group stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $14.53 per share, for a total transaction of $104,616.00. Following the purchase, the director now owns 58,987 shares of the company’s stock, valued at approximately $857,081.11. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is owned by insiders.

Institutional Trading of Triumph Group

A number of hedge funds have recently modified their holdings of TGI. SG Americas Securities LLC lifted its position in Triumph Group by 227.1% during the third quarter. SG Americas Securities LLC now owns 146,079 shares of the aerospace company’s stock worth $1,119,000 after acquiring an additional 101,421 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Triumph Group by 11.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 47,816 shares of the aerospace company’s stock valued at $366,000 after purchasing an additional 5,040 shares during the period. Maryland State Retirement & Pension System boosted its stake in Triumph Group by 11.6% in the 3rd quarter. Maryland State Retirement & Pension System now owns 28,256 shares of the aerospace company’s stock valued at $216,000 after purchasing an additional 2,928 shares during the period. Bank of New York Mellon Corp grew its holdings in Triumph Group by 4.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 577,883 shares of the aerospace company’s stock valued at $4,427,000 after buying an additional 22,021 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in Triumph Group by 11.8% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 22,673 shares of the aerospace company’s stock worth $174,000 after buying an additional 2,400 shares during the period. Institutional investors and hedge funds own 94.53% of the company’s stock.

Triumph Group Stock Up 3.1 %

Triumph Group stock opened at $13.81 on Wednesday. Triumph Group has a twelve month low of $7.00 and a twelve month high of $17.27. The company has a 50 day moving average of $13.97 and a 200-day moving average of $13.12. The stock has a market capitalization of $1.06 billion, a PE ratio of -20.31, a price-to-earnings-growth ratio of 7.34 and a beta of 2.55.

Triumph Group (NYSE:TGI) last announced its earnings results on Wednesday, February 7th. The aerospace company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.30). The company had revenue of $285.00 million during the quarter, compared to analyst estimates of $367.96 million. Triumph Group had a negative return on equity of 2.15% and a negative net margin of 3.49%. Triumph Group’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 earnings per share. Equities analysts anticipate that Triumph Group will post -0.43 EPS for the current fiscal year.

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.