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

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

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

Triumph Group Trading Up 0.3%

Shares of NYSE TGI traded up $0.09 on Monday, reaching $25.82. 1,560,429 shares of the company traded hands, compared to its average volume of 1,305,682. The company has a 50 day moving average of $25.68 and a 200 day moving average of $23.78. Triumph Group has a fifty-two week low of $11.01 and a fifty-two week high of $25.96. The stock has a market capitalization of $2.01 billion, a PE ratio of 49.65 and a beta of 2.26.

Triumph Group (NYSE:TGI - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $377.90 million during the quarter, compared to analysts' expectations of $334.04 million. Triumph Group had a net margin of 3.24% and a negative return on equity of 74.53%. The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 EPS. As a group, research analysts expect that Triumph Group will post 0.68 earnings per share for the current year.

Hedge Funds Weigh In On Triumph Group

A number of institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC grew its position in shares of Triumph Group by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock worth $44,000 after buying an additional 2,091 shares in the last quarter. KBC Group NV bought a new position in Triumph Group during the 1st quarter valued at $79,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Triumph Group in the 1st quarter worth about $109,000. Strs Ohio acquired a new stake in shares of Triumph Group in the 1st quarter valued at about $134,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Triumph Group by 58.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company's stock worth $126,000 after purchasing an additional 2,484 shares during the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

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.