Triumph Group, Inc. (NYSE:TGI) Receives Consensus Recommendation of “Reduce” from Analysts

Triumph Group, Inc. (NYSE:TGI) has earned an average rating of “Reduce” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $20.63.

A number of brokerages recently commented on TGI. JPMorgan Chase & Co. raised shares of Triumph Group from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $17.00 to $26.00 in a research note on Tuesday, April 15th. Barclays downgraded shares of Triumph Group from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. Wolfe Research downgraded shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, February 10th. Finally, Wall Street Zen began coverage on shares of Triumph Group in a research note on Tuesday, May 20th. They issued a “hold” rating for the company.

Insiders Place Their Bets

In other news, CAO Jennifer H. Allen sold 35,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total transaction of $886,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,696 shares in the company, valued at $1,308,942.72. This trade represents a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.31% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Irenic Capital Management LP boosted its position in shares of Triumph Group by 19.9% during the fourth quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company’s stock worth $70,666,000 after buying an additional 628,296 shares during the period. Pentwater Capital Management LP purchased a new position in shares of Triumph Group during the first quarter worth $58,285,000. TIG Advisors LLC purchased a new position in shares of Triumph Group during the first quarter worth $47,728,000. Fisher Asset Management LLC boosted its position in shares of Triumph Group by 17.9% during the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock worth $34,145,000 after buying an additional 277,333 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Triumph Group by 59.6% during the fourth quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company’s stock worth $31,764,000 after buying an additional 635,568 shares during the period. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Triumph Group Price Performance

TGI stock opened at $25.83 on Thursday. Triumph Group has a 1-year low of $11.01 and a 1-year high of $25.86. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 3.59 and a beta of 2.34. The business has a 50 day simple moving average of $25.34 and a two-hundred day simple moving average of $22.84.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.17. The firm had revenue of $377.90 million during the quarter, compared to analyst estimates of $334.04 million. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share. Sell-side analysts anticipate that Triumph Group will post 0.68 EPS for the current fiscal year.

Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, 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, cyber protected process controllers, 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.