Triumph Group - TGI Stock Forecast, Price & News

Triumph Group, Inc. designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. It operates in two segments, Triumph Systems & Support, and Triumph Aerospace Structures. 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, exhaust nozzles and ducting, 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. It also designs, manufactures, and repairs composite and metal bonding, flight control surfaces, engine nacelles, empennages, wing flaps, acoustic and thermal insulation systems, and composite ducts and floor panels, as well as provides integrated testing and certification services; and fuselage panels, horizontal and vertical tails, and floor grids. In addition, the company offers air cycle machines, blades and vanes, auxiliary power units, constant speed drives, combustors, engine and airframe accessories, stators, flight control surfaces, transition ducts, integrated drive generators, sidewalls, nacelles, light assemblies, remote sensors, overhead bins, thrust reversers, and fuel bladder cells, as well as cabin panes, shades, light lenses, and other components. It serves original equipment manufacturers of commercial, regional, and military aircraft; and aircraft components, as well as business jets and regional airlines, and air cargo carriers. Triumph Group, Inc. was incorporated in 1993 and is headquartered in Berwyn, Pennsylvania.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TGI. StockNews.com lowered Triumph Group from a "hold" rating to a "sell" rating in a research report on Thursday, August 4th. Barclays cut their target price on shares of Triumph Group from $20.00 to $13.00 in a research note on Tuesday, June 21st. Truist Financial decreased their price target on shares of Triumph Group from $24.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, July 19th. UBS Group decreased their target price on Triumph Group to $24.00 and set a "hold" rating for the company in a research report on Thursday, May 19th. Finally, The Goldman Sachs Group reduced their price objective on Triumph Group from $18.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, July 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.83.

Triumph Group Trading Up 3.8 %

NYSE:TGI traded up $0.56 on Friday, reaching $15.36. The company had a trading volume of 359,440 shares, compared to its average volume of 685,995. The company's fifty day moving average is $13.95 and its 200 day moving average is $19.26. Triumph Group has a 52-week low of $11.47 and a 52-week high of $27.85.

Triumph Group (NYSE:TGI - Get Rating) last posted its quarterly earnings data on Wednesday, May 18th. The aerospace company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). The firm had revenue of $386.70 million during the quarter, compared to analysts' expectations of $405.19 million. Triumph Group had a negative net margin of 1.61% and a negative return on equity of 6.61%. The company's quarterly revenue was down 17.2% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. On average, analysts predict that Triumph Group will post 0.33 EPS for the current fiscal year.

Insider Activity

In other Triumph Group news, Director Neal J. Keating bought 8,000 shares of the stock in a transaction dated Friday, May 27th. The shares were bought at an average cost of $15.47 per share, for a total transaction of $123,760.00. Following the purchase, the director now directly owns 9,080 shares of the company's stock, valued at approximately $140,467.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.90% of the company's stock.