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

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

A number of research firms have weighed in on TGI. Wolfe Research downgraded shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, February 10th. Barclays cut shares of Triumph Group from an "overweight" rating to an "equal weight" rating and upped their target price for the company from $21.00 to $26.00 in a research note on Thursday, February 6th. JPMorgan Chase & Co. upgraded Triumph Group from an "underweight" rating to a "neutral" rating and upped their price target for the company from $17.00 to $26.00 in a research report on Tuesday, April 15th. Finally, Wall Street Zen started coverage on shares of Triumph Group in a research note on Tuesday, May 20th. They set a "hold" rating on the stock.

Triumph Group Stock Performance

Shares of NYSE:TGI traded up $0.02 on Thursday, hitting $25.87. 460,862 shares of the company were exchanged, compared to its average volume of 1,216,613. The company's 50 day moving average price is $25.35 and its two-hundred day moving average price is $22.89. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 3.59 and a beta of 2.30. Triumph Group has a one year low of $11.01 and a one year high of $25.88.

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

Insider Buying and Selling at Triumph Group

In related news, CAO Jennifer H. Allen sold 35,000 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total value of $886,200.00. Following the transaction, the chief accounting officer now owns 51,696 shares in the company, valued at $1,308,942.72. The trade was a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.31% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TGI. Irenic Capital Management LP raised its position in Triumph Group by 19.9% in the fourth quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company's stock worth $70,666,000 after acquiring an additional 628,296 shares during the period. Pentwater Capital Management LP purchased a new position in Triumph Group in the first quarter worth $58,285,000. TIG Advisors LLC bought a new position in shares of Triumph Group during the 1st quarter valued at about $47,728,000. Fisher Asset Management LLC boosted its stake in shares of Triumph Group by 17.9% in the 4th 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. Finally, First Trust Advisors LP increased its holdings in shares of Triumph Group by 59.6% in the fourth quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company's stock worth $31,764,000 after buying an additional 635,568 shares during the period. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.