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

Triumph Group (NYSE:TGI - Get Free Report) had its target price hoisted by investment analysts at The Goldman Sachs Group from $18.00 to $20.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a "buy" rating on the aerospace company's stock. The Goldman Sachs Group's price target indicates a potential upside of 47.17% from the company's previous close.

A number of other analysts also recently weighed in on the company. Truist Financial upped their target price on Triumph Group from $17.00 to $27.00 and gave the company a "buy" rating in a research report on Wednesday, January 10th. Bank of America upgraded Triumph Group from an "underperform" rating to a "buy" rating and upped their target price for the company from $9.00 to $21.00 in a research report on Thursday, January 25th. Barclays upgraded Triumph Group from an "equal weight" rating to an "overweight" rating and set a $20.00 target price for the company in a research report on Friday, January 5th. Wolfe Research upgraded Triumph Group from a "peer perform" rating to an "outperform" rating and set a $18.00 target price for the company in a research report on Thursday, March 28th. Finally, Robert W. Baird upgraded Triumph Group from a "neutral" rating to an "outperform" rating and upped their target price for the company from $13.00 to $20.00 in a research report on Tuesday, January 16th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Triumph Group has a consensus rating of "Moderate Buy" and an average price target of $19.63.

Triumph Group Price Performance

NYSE TGI traded down $0.07 on Tuesday, reaching $13.59. The stock had a trading volume of 508,347 shares, compared to its average volume of 805,998. The firm has a fifty day moving average of $14.29 and a two-hundred day moving average of $12.71. Triumph Group has a 1-year low of $7.00 and a 1-year high of $17.27. The company has a market cap of $1.04 billion, a P/E ratio of -19.99, a price-to-earnings-growth ratio of 7.80 and a beta of 2.58.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The aerospace company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.30). Triumph Group had a negative net margin of 3.49% and a negative return on equity of 2.15%. The firm had revenue of $285.00 million during the quarter, compared to analyst estimates of $367.96 million. During the same period in the prior year, the company earned $0.12 earnings per share. The business's quarterly revenue was up 8.9% compared to the same quarter last year. Research analysts predict that Triumph Group will post -0.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Neal J. Keating bought 7,200 shares of the stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $14.53 per share, with a total value of $104,616.00. Following the acquisition, the director now directly owns 58,987 shares in the company, valued at $857,081.11. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.40% of the company's stock.

Hedge Funds Weigh In On Triumph Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in Triumph Group by 3.0% in the 2nd quarter. BlackRock Inc. now owns 11,532,977 shares of the aerospace company's stock worth $142,663,000 after purchasing an additional 339,502 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Triumph Group by 0.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 8,763,138 shares of the aerospace company's stock valued at $116,462,000 after buying an additional 52,167 shares during the period. Vanguard Group Inc. increased its stake in shares of Triumph Group by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 7,021,354 shares of the aerospace company's stock valued at $116,414,000 after buying an additional 110,375 shares during the period. Finally, State Street Corp increased its stake in shares of Triumph Group by 23.6% in the first quarter. State Street Corp now owns 4,936,932 shares of the aerospace company's stock valued at $57,219,000 after buying an additional 943,658 shares during the period. Institutional investors and hedge funds own 94.53% of the company's stock.

About Triumph Group

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.