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

Triumph Group, Inc. (NYSE:TGI) has been given a consensus rating of “Reduce” by the eight brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $22.6667.

Separately, Wall Street Zen initiated coverage on shares of Triumph Group in a report on Tuesday, May 20th. They set a “hold” rating for the company.

Institutional Investors Weigh In On Triumph Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased its position in Triumph Group by 95.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,366 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 666 shares in the last quarter. Optimist Retirement Group LLC increased its position in Triumph Group by 6.7% in the 2nd quarter. Optimist Retirement Group LLC now owns 11,956 shares of the aerospace company’s stock valued at $308,000 after acquiring an additional 747 shares in the last quarter. Rafferty Asset Management LLC grew its position in shares of Triumph Group by 4.7% during the 4th quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company’s stock worth $370,000 after buying an additional 896 shares during the period. California State Teachers Retirement System grew its position in shares of Triumph Group by 1.5% during the 2nd quarter. California State Teachers Retirement System now owns 67,952 shares of the aerospace company’s stock worth $1,750,000 after buying an additional 975 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey lifted its holdings in Triumph Group by 6.4% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 16,604 shares of the aerospace company’s stock valued at $428,000 after buying an additional 995 shares during the period. Institutional investors and hedge funds own 94.53% of the company’s stock.

Triumph Group Trading Up 0.6%

Triumph Group stock opened at $26.01 on Tuesday. The company has a market capitalization of $2.02 billion, a P/E ratio of 50.01 and a beta of 2.26. The firm’s fifty day simple moving average is $25.89 and its 200-day simple moving average is $25.54. Triumph Group has a 1-year low of $11.01 and a 1-year high of $26.03.

Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.17. The company had revenue of $377.90 million for the quarter, compared to analyst estimates of $334.04 million. Triumph Group had a net margin of 3.24% and a negative return on equity of 74.53%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. On average, equities research analysts predict that Triumph Group will post 0.68 earnings per share for the current year.

About Triumph Group

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.