Triumph Group, Inc. (NYSE:TGI) Receives $20.63 Average Target Price from Brokerages

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 recommendation of "Reduce" from the ten analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $20.63.

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $17.00 to $26.00 in a research note on Tuesday, April 15th. Wall Street Zen started coverage on shares of Triumph Group in a research report on Tuesday, May 20th. They set a "hold" rating for the company.

Institutional Trading of Triumph Group

Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Triumph Group during the fourth quarter valued at $1,095,000. American Century Companies Inc. purchased a new stake in Triumph Group during the fourth quarter valued at about $30,845,000. Sei Investments Co. acquired a new position in shares of Triumph Group in the 4th quarter valued at about $4,025,000. KLP Kapitalforvaltning AS acquired a new position in Triumph Group in the fourth quarter worth approximately $310,000. Finally, WINTON GROUP Ltd acquired a new position in Triumph Group in the fourth quarter worth approximately $1,031,000. Hedge funds and other institutional investors own 94.53% of the company's stock.

Triumph Group Stock Up 0.6%

Shares of Triumph Group stock traded up $0.16 on Friday, reaching $26.01. The stock had a trading volume of 6,527,511 shares, compared to its average volume of 1,331,459. The company has a 50 day moving average price of $25.81 and a 200 day moving average price of $24.66. Triumph Group has a 1 year low of $11.01 and a 1 year high of $26.03. The stock has a market capitalization of $2.02 billion, a P/E ratio of 50.01 and a beta of 2.26.

Triumph Group (NYSE:TGI - Get Free Report) last released its earnings results on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share 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 the consensus estimate of $334.04 million. Triumph Group had a net margin of 3.24% and a negative return on equity of 74.53%. Triumph Group's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS. On average, analysts forecast that Triumph Group will post 0.68 earnings per share for the current fiscal year.

Triumph Group Company Profile

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.