Brokerages Set Triumph Group, Inc. (NYSE:TGI) Target Price at $20.63

Shares of Triumph Group, Inc. (NYSE:TGI - Get Free Report) have received a consensus rating of "Reduce" from the ten ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $20.63.

TGI has been the topic of several recent analyst reports. JPMorgan Chase & Co. upgraded Triumph Group from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th. StockNews.com began coverage on Triumph Group in a research report on Friday. They issued a "hold" rating on the stock. Truist Financial increased their target price on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Barclays lowered shares of Triumph Group from an "overweight" rating to an "equal weight" rating and lifted their price target for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Finally, Wolfe Research downgraded shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, February 10th.

Triumph Group Stock Down 0.7 %

Shares of TGI traded down $0.19 during midday trading on Wednesday, reaching $24.68. 2,318,459 shares of the stock were exchanged, compared to its average volume of 1,208,162. The company has a market cap of $1.91 billion, a P/E ratio of 3.43 and a beta of 2.13. Triumph Group has a twelve month low of $11.01 and a twelve month high of $25.55. The stock's 50 day simple moving average is $25.20 and its 200 day simple moving average is $20.50.

Triumph Group (NYSE:TGI - Get Free Report) last released its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. As a group, analysts predict that Triumph Group will post 0.68 earnings per share for the current year.

Insider Transactions at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total value of $886,200.00. Following the completion of the sale, the chief accounting officer now owns 51,696 shares in the company, valued at $1,308,942.72. The trade was a 40.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.31% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Triumph Group by 7.8% during the third quarter. State Street Corp now owns 4,447,835 shares of the aerospace company's stock worth $57,333,000 after purchasing an additional 322,048 shares during the period. Barclays PLC increased its stake in Triumph Group by 155.8% during the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock valued at $1,915,000 after purchasing an additional 90,456 shares in the last quarter. Geode Capital Management LLC raised its holdings in Triumph Group by 8.1% during the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company's stock worth $22,340,000 after buying an additional 129,391 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Triumph Group by 1,207.4% in the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock valued at $6,946,000 after buying an additional 497,684 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Triumph Group by 124.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock valued at $43,259,000 after buying an additional 1,286,568 shares during the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

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.