Triumph Group, Inc. (NYSE:TGI) Receives Average Rating of "Reduce" from Analysts

Shares of Triumph Group, Inc. (NYSE:TGI - Get Free Report) have received an average recommendation of "Reduce" from the ten ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $20.63.

Several equities analysts recently commented on TGI shares. StockNews.com started coverage on Triumph Group in a research note on Sunday, May 4th. They issued a "hold" rating on the stock. Truist Financial lifted their price objective on Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Robert W. Baird reaffirmed a "neutral" rating and set a $26.00 price objective (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Baird R W downgraded shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Wolfe Research cut shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, February 10th.

Triumph Group Trading Down 0.0 %

Shares of Triumph Group stock opened at $25.60 on Friday. The business's fifty day simple moving average is $25.22 and its 200 day simple moving average is $21.62. Triumph Group has a 12 month low of $11.01 and a 12 month high of $25.65. The firm has a market capitalization of $1.98 billion, a P/E ratio of 3.56 and a beta of 2.34.

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

Insider Activity

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the firm's 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 $1,308,942.72. This trade represents a 40.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.31% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Irenic Capital Management LP increased its holdings in shares of Triumph Group by 19.9% in the 4th quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company's stock worth $70,666,000 after buying an additional 628,296 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Triumph Group by 124.7% in 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 acquiring an additional 1,286,568 shares during the last quarter. Fisher Asset Management LLC raised its position in Triumph Group by 17.9% during the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company's stock valued at $34,145,000 after purchasing an additional 277,333 shares in the last quarter. First Trust Advisors LP lifted its stake in Triumph Group by 59.6% during the fourth quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company's stock worth $31,764,000 after purchasing an additional 635,568 shares during the last quarter. Finally, American Century Companies Inc. purchased a new position in shares of Triumph Group in the 4th quarter worth about $30,845,000. 94.53% of the stock is currently owned by 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.

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