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

Shares of Triumph Group, Inc. (NYSE:TGI - Get Free Report) have been given an average rating of "Reduce" by the ten analysts that are covering the company, 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 target price among brokers that have issued ratings on the stock in the last year is $20.63.

A number of research firms recently weighed in on TGI. Wall Street Zen began coverage on shares of Triumph Group in a report on Tuesday, May 20th. They issued a "hold" rating on the stock. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th.

Institutional Investors Weigh In On Triumph Group

Several large investors have recently modified their holdings of TGI. Pentwater Capital Management LP purchased a new stake in shares of Triumph Group during the 1st quarter worth approximately $58,285,000. TIG Advisors LLC purchased a new stake in shares of Triumph Group during the 1st quarter worth approximately $47,728,000. American Century Companies Inc. purchased a new stake in shares of Triumph Group during the 4th quarter worth approximately $30,845,000. Millennium Management LLC increased its stake in shares of Triumph Group by 5,882.8% during the 1st quarter. Millennium Management LLC now owns 1,356,774 shares of the aerospace company's stock worth $34,381,000 after purchasing an additional 1,334,096 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Triumph Group by 1,249.7% during the 1st quarter. Alliancebernstein L.P. now owns 1,149,802 shares of the aerospace company's stock worth $29,136,000 after purchasing an additional 1,064,612 shares during the last quarter. Hedge funds and other institutional investors own 94.53% of the company's stock.

Triumph Group Price Performance

TGI stock opened at $25.76 on Monday. The stock has a market capitalization of $2.00 billion, a PE ratio of 49.53 and a beta of 2.31. The company's 50-day moving average is $25.63 and its 200-day moving average is $23.70. Triumph Group has a 1 year low of $11.01 and a 1 year high of $25.96.

Triumph Group (NYSE:TGI - Get Free Report) last posted its earnings results on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.17. Triumph Group had a net margin of 3.24% and a negative return on equity of 74.53%. The company had revenue of $377.90 million for the quarter, compared to analyst estimates of $334.04 million. During the same quarter in the prior year, the business posted $0.31 EPS. The firm's revenue was up 5.4% compared to the same quarter last year. On average, analysts anticipate that Triumph Group will post 0.68 earnings per share for the current fiscal year.

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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