Triumph Group (NYSE:TGI) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of Triumph Group (NYSE:TGI - Free Report) from a neutral rating to an underweight rating in a report published on Monday, MarketBeat Ratings reports. The brokerage currently has $12.00 price objective on the aerospace company's stock, down from their previous price objective of $15.00.

Several other brokerages have also issued reports on TGI. Barclays decreased their target price on Triumph Group from $18.00 to $16.00 and set an overweight rating for the company in a research report on Monday, August 12th. The Goldman Sachs Group lowered Triumph Group from a buy rating to a neutral rating and decreased their target price for the stock from $19.00 to $15.00 in a research report on Tuesday, August 13th. Bank of America lowered Triumph Group from a buy rating to an underperform rating and decreased their target price for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. Truist Financial lowered Triumph Group from a buy rating to a hold rating and decreased their target price for the stock from $17.00 to $15.00 in a research report on Wednesday, August 21st. Finally, Jefferies Financial Group restated a hold rating and issued a $14.00 price target (down previously from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Triumph Group has an average rating of Hold and a consensus price target of $15.11.

Triumph Group Price Performance

TGI traded down $0.21 during midday trading on Monday, reaching $14.79. 1,959,279 shares of the company's stock traded hands, compared to its average volume of 883,435. The firm has a fifty day moving average of $13.33 and a two-hundred day moving average of $14.29. The stock has a market capitalization of $1.14 billion, a price-to-earnings 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.

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

Institutional Trading of Triumph Group

Institutional investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. boosted its stake in Triumph Group by 58.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 428,650 shares of the aerospace company's stock valued at $6,605,000 after purchasing an additional 158,893 shares during the last quarter. Gamco Investors INC. ET AL purchased a new stake in Triumph Group during the 1st quarter valued at $1,545,000. ProShare Advisors LLC boosted its stake in Triumph Group by 7.2% during the 1st quarter. ProShare Advisors LLC now owns 13,263 shares of the aerospace company's stock valued at $199,000 after purchasing an additional 892 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in Triumph Group by 199.6% during the 1st quarter. Kennedy Capital Management LLC now owns 450,918 shares of the aerospace company's stock valued at $6,782,000 after purchasing an additional 300,407 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Triumph Group by 199.0% in the 3rd quarter. SG Americas Securities LLC now owns 67,719 shares of the aerospace company's stock worth $873,000 after buying an additional 45,074 shares during the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

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.