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

Triumph Group, Inc. (NYSE:TGI - Get Free Report) has been assigned an average recommendation of "Hold" from the nine ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $14.78.

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group downgraded Triumph Group from a "buy" rating to a "neutral" rating and reduced their target price for the company from $19.00 to $15.00 in a report on Tuesday, August 13th. Bank of America cut Triumph Group from a "buy" rating to an "underperform" rating and decreased their target price for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. JPMorgan Chase & Co. cut shares of Triumph Group from a "neutral" rating to an "underweight" rating and dropped their target price for the stock from $15.00 to $12.00 in a report on Monday, October 14th. Truist Financial decreased their price target on shares of Triumph Group from $15.00 to $12.00 and set a "hold" rating on the stock in a report on Friday, October 18th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $14.00 target price (down previously from $20.00) on shares of Triumph Group in a research report on Monday, August 12th.

Triumph Group Stock Down 2.4 %

Shares of NYSE:TGI traded down $0.37 during trading on Wednesday, reaching $14.71. 711,286 shares of the company traded hands, compared to its average volume of 882,500. The firm has a market capitalization of $1.14 billion, a PE ratio of 2.23 and a beta of 2.49. Triumph Group has a 52 week low of $7.19 and a 52 week high of $17.87. The company's 50 day moving average is $13.52 and its two-hundred day moving average is $14.31.

Triumph Group (NYSE:TGI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.01). The firm had revenue of $281.00 million for the quarter, compared to analyst estimates of $274.64 million. Triumph Group had a negative return on equity of 1.77% and a net margin of 40.39%. The company's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.10) earnings per share. As a group, research analysts anticipate that Triumph Group will post 0.44 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Triumph Group during the 1st quarter worth approximately $13,542,000. Assenagon Asset Management S.A. lifted its holdings in Triumph Group by 140.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,031,717 shares of the aerospace company's stock valued at $13,299,000 after buying an additional 603,067 shares during the period. Kennedy Capital Management LLC lifted its holdings in Triumph Group by 199.6% in the first quarter. Kennedy Capital Management LLC now owns 450,918 shares of the aerospace company's stock valued at $6,782,000 after buying an additional 300,407 shares during the period. Marshall Wace LLP grew its holdings in Triumph Group by 318.2% during the 2nd quarter. Marshall Wace LLP now owns 324,778 shares of the aerospace company's stock worth $5,005,000 after acquiring an additional 247,117 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of Triumph Group by 85,638.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 187,768 shares of the aerospace company's stock worth $2,894,000 after acquiring an additional 187,549 shares in the last quarter. 94.53% of the stock is owned by institutional investors.

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.