Triumph Group, Inc. (NYSE:TGI) Given Consensus Recommendation of "Reduce" by Brokerages

Triumph Group, Inc. (NYSE:TGI - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the ten brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $20.63.

Several analysts recently commented on TGI shares. Baird R W downgraded Triumph Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Truist Financial raised their price objective on Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. Robert W. Baird reaffirmed a "neutral" rating and set a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised Triumph Group from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $17.00 to $26.00 in a research note on Tuesday, April 15th. Finally, StockNews.com started coverage on Triumph Group in a research note on Monday. They set a "hold" rating on the stock.

Triumph Group Trading Down 0.0%

Shares of NYSE:TGI traded down $0.01 during midday trading on Friday, hitting $25.67. The company had a trading volume of 107,286 shares, compared to its average volume of 1,230,010. Triumph Group has a 12 month low of $11.01 and a 12 month high of $25.72. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 3.56 and a beta of 2.34. The firm has a fifty day simple moving average of $25.24 and a 200 day simple moving average of $21.81.

Triumph Group (NYSE:TGI - Get Free Report) last posted its quarterly 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%. Equities analysts forecast that Triumph Group will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling at Triumph Group

In related news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $25.32, for a total value of $886,200.00. Following the sale, the chief accounting officer now owns 51,696 shares of the company's stock, valued at approximately $1,308,942.72. The trade was a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.31% of the company's stock.

Institutional Trading of Triumph Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC increased its position in shares of Triumph Group by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 2,091 shares during the last quarter. KBC Group NV acquired a new stake in shares of Triumph Group in the first quarter valued at about $79,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Triumph Group in the first quarter valued at about $109,000. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Triumph Group by 58.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company's stock valued at $126,000 after acquiring an additional 2,484 shares during the last quarter. Finally, Brevan Howard Capital Management LP increased its position in shares of Triumph Group by 17.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock valued at $230,000 after acquiring an additional 1,798 shares during the last quarter. 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 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.