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

Key Points

• Triumph Group, Inc. has received a consensus recommendation of "Reduce" from analysts, with an average 1-year price target set at $20.63.
• Shares of Triumph Group traded at $26.01, reflecting a 0.6% increase recently, following a reported earnings per share of $0.48 that exceeded expectations.
• Institutional investors hold 94.53% of Triumph Group's stock, with significant stakes acquired by hedge funds such as Raymond James and American Century Companies.

Triumph Group, Inc. (NYSE:TGI - Get Free Report) has been assigned a consensus rating of "Reduce" from the ten analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $20.63.

A number of research firms have issued reports on TGI. Wall Street Zen began coverage on shares of Triumph Group in a report on Tuesday, May 20th. They set a "hold" rating on the stock. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $17.00 to $26.00 in a report on Tuesday, April 15th.

Triumph Group Price Performance

Shares of TGI stock traded up $0.16 during trading hours on Friday, hitting $26.01. The company had a trading volume of 6,527,511 shares, compared to its average volume of 1,331,459. The company's fifty day moving average is $25.81 and its 200 day moving average is $24.74. Triumph Group has a fifty-two week low of $11.01 and a fifty-two week high of $26.03. The stock has a market capitalization of $2.02 billion, a PE ratio of 50.01 and a beta of 2.26.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The aerospace company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.31 by $0.17. Triumph Group had a net margin of 3.24% and a negative return on equity of 74.53%. The firm had revenue of $377.90 million for the quarter, compared to analyst estimates of $334.04 million. During the same period in the prior year, the business posted $0.31 EPS. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts forecast that Triumph Group will post 0.68 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TGI. Raymond James Financial Inc. purchased a new position in shares of Triumph Group in the 4th quarter valued at $1,095,000. American Century Companies Inc. purchased a new position in shares of Triumph Group in the 4th quarter valued at $30,845,000. Sei Investments Co. purchased a new position in shares of Triumph Group in the 4th quarter valued at $4,025,000. KLP Kapitalforvaltning AS purchased a new position in shares of Triumph Group in the 4th quarter valued at $310,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Triumph Group in the 4th quarter valued at $1,031,000. 94.53% of the stock is owned by hedge funds and other institutional investors.

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.