Triumph Group (NYSE:TGI) Shares Gap Down to $13.55

Triumph Group, Inc. (NYSE:TGI - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $13.55, but opened at $12.63. Triumph Group shares last traded at $12.83, with a volume of 92,371 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Barclays lowered their price objective on shares of Triumph Group from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, August 12th. Truist Financial cut Triumph Group from a "buy" rating to a "hold" rating and dropped their price target for the stock from $17.00 to $15.00 in a research report on Wednesday, August 21st. Bank of America downgraded Triumph Group from a "buy" rating to an "underperform" rating and lowered their price objective for the stock from $17.00 to $12.00 in a research note on Tuesday. StockNews.com cut Triumph Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 1st. Finally, The Goldman Sachs Group downgraded shares of Triumph Group from a "buy" rating to a "neutral" rating and reduced their price target for the company from $19.00 to $15.00 in a report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $15.67.

Triumph Group Price Performance

The firm has a market capitalization of $997.51 million, a P/E ratio of 1.93, a PEG ratio of 15.75 and a beta of 2.50. The firm's fifty day moving average price is $14.39 and its 200-day moving average price is $14.40.

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 for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $281.00 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.10) EPS. Analysts expect that Triumph Group, Inc. will post 0.48 earnings per share for the current year.

Institutional Trading of Triumph Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in TGI. Vision One Management Partners LP bought a new position in shares of Triumph Group in the fourth quarter valued at $34,587,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Triumph Group during the first quarter valued at $13,542,000. Norges Bank acquired a new position in shares of Triumph Group in the fourth quarter worth about $12,720,000. Kennedy Capital Management LLC grew its position 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 worth $6,782,000 after purchasing an additional 300,407 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in Triumph Group by 318.2% during the 2nd quarter. Marshall Wace LLP now owns 324,778 shares of the aerospace company's stock valued at $5,005,000 after purchasing an additional 247,117 shares during the period. 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.