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

Triumph Group, Inc. (NYSE:TGI - Get Free Report) has received an average rating of "Reduce" from the ten brokerages that are covering the firm, 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 1 year target price among brokers that have updated their coverage on the stock in the last year is $20.63.

Several equities analysts recently issued reports on the stock. Wall Street Zen began coverage on shares of Triumph Group in a report on Tuesday, May 20th. They set a "hold" rating for the company. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $17.00 to $26.00 in a report on Tuesday, April 15th. Finally, Wolfe Research cut shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th.

Triumph Group Price Performance

Shares of Triumph Group stock traded up $0.02 on Thursday, hitting $25.87. The company had a trading volume of 460,862 shares, compared to its average volume of 1,220,552. The business has a 50-day simple moving average of $25.36 and a 200-day simple moving average of $22.99. The company has a market cap of $2.00 billion, a PE ratio of 3.59 and a beta of 2.30. Triumph Group has a 52 week low of $11.01 and a 52 week high of $25.90.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The aerospace company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.31 by $0.17. The business had revenue of $377.90 million during the quarter, compared to the consensus estimate of $334.04 million. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. The firm's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 EPS. On average, equities research analysts predict that Triumph Group will post 0.68 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction on 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 directly owns 51,696 shares of the company's stock, valued at approximately $1,308,942.72. This represents a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.31% of the company's stock.

Institutional Investors Weigh In On Triumph Group

A number of large investors have recently added to or reduced their stakes in TGI. Rafferty Asset Management LLC boosted its holdings in Triumph Group by 4.7% in the 4th quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company's stock worth $370,000 after buying an additional 896 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Triumph Group by 0.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company's stock worth $5,624,000 after acquiring an additional 1,400 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Triumph Group by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,712 shares of the aerospace company's stock worth $778,000 after acquiring an additional 1,563 shares during the last quarter. Brevan Howard Capital Management LP lifted its holdings in shares of Triumph Group by 17.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock worth $230,000 after acquiring an additional 1,798 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in Triumph Group by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock valued at $44,000 after buying an additional 2,091 shares in the last quarter. Institutional investors 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.