Triumph Group, Inc. (NYSE:TGI) Receives $18.88 Average PT from Analysts

Triumph Group, Inc. (NYSE:TGI - Get Free Report) has earned an average rating of "Moderate Buy" from the eight brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $18.88.

A number of brokerages have recently weighed in on TGI. Truist Financial lifted their price objective on Triumph Group from $17.00 to $27.00 and gave the stock a "buy" rating in a research report on Wednesday, January 10th. Robert W. Baird upgraded Triumph Group from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $13.00 to $20.00 in a research report on Tuesday, January 16th. 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 note on Thursday, March 28th. 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 note on Friday, January 5th. Finally, Bank of America upgraded 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 note on Thursday, January 25th.

Insider Buying and Selling at Triumph Group

In related news, Director Neal J. Keating acquired 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, for a total transaction of $104,616.00. Following the completion of the purchase, the director now owns 58,987 shares of the company's stock, valued at $857,081.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Graham Capital Management L.P. grew 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 worth $1,046,000 after acquiring an additional 75,147 shares during the period. Citigroup Inc. grew its holdings in shares of Triumph Group by 46.0% in the third quarter. Citigroup Inc. now owns 130,055 shares of the aerospace company's stock worth $996,000 after acquiring an additional 40,982 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Triumph Group by 120.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 346,405 shares of the aerospace company's stock worth $5,743,000 after acquiring an additional 189,161 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Triumph Group by 17.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 583,763 shares of the aerospace company's stock worth $4,472,000 after acquiring an additional 87,248 shares during the period. Finally, tru Independence LLC grew its holdings in shares of Triumph Group by 69.7% in the third quarter. tru Independence LLC now owns 506,425 shares of the aerospace company's stock worth $3,879,000 after acquiring an additional 208,067 shares during the period. Hedge funds and other institutional investors own 94.53% of the company's stock.

Triumph Group Stock Performance

TGI traded up $0.10 on Friday, hitting $14.41. 534,974 shares of the company were exchanged, compared to its average volume of 615,331. The firm has a fifty day simple moving average of $14.63 and a two-hundred day simple moving average of $12.37. Triumph Group has a 12 month low of $7.00 and a 12 month high of $17.27. The stock has a market capitalization of $1.11 billion, a PE ratio of -21.19, a price-to-earnings-growth ratio of 8.21 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) earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.30). The business had revenue of $285.00 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 earnings per share. On average, equities analysts expect that Triumph Group will post -0.43 earnings per share for the current 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.