Truist Financial Cuts Triumph Group (NYSE:TGI) Price Target to $12.00

Triumph Group (NYSE:TGI - Get Free Report) had its target price reduced by analysts at Truist Financial from $15.00 to $12.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a "hold" rating on the aerospace company's stock. Truist Financial's target price would suggest a potential downside of 20.11% from the stock's current price.

TGI has been the subject of several other reports. JPMorgan Chase & Co. downgraded Triumph Group from a "neutral" rating to an "underweight" rating and dropped their price objective for the company from $15.00 to $12.00 in a research note on Monday. Bank of America downgraded Triumph Group from a "buy" rating to an "underperform" rating and dropped their price objective for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. The Goldman Sachs Group cut Triumph Group from a "buy" rating to a "neutral" rating and lowered their target price for the company from $19.00 to $15.00 in a report on Tuesday, August 13th. Barclays lowered their target price on Triumph Group from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, August 12th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $14.00 target price (down previously from $20.00) on shares of Triumph Group in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $14.78.

Triumph Group Price Performance

Shares of TGI stock traded up $0.03 during trading hours on Friday, reaching $15.02. 259,135 shares of the company's stock were exchanged, compared to its average volume of 880,093. The company has a market cap of $1.16 billion, a P/E ratio of 2.27 and a beta of 2.49. The company's 50 day moving average is $13.40 and its two-hundred day moving average is $14.30. Triumph Group has a 1 year low of $7.19 and a 1 year high of $17.87.

Triumph Group (NYSE:TGI - Get Free Report) last issued its earnings results 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). Triumph Group had a negative return on equity of 1.77% and a net margin of 40.39%. The business had revenue of $281.00 million for the quarter, compared to analysts' expectations of $274.64 million. During the same period last year, the company posted ($0.10) earnings per share. The business's quarterly revenue was up 6.5% on a year-over-year basis. As a group, analysts predict that Triumph Group will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TGI. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Triumph Group in the first quarter valued at about $13,542,000. Kennedy Capital Management LLC increased its position in shares of Triumph Group by 199.6% during the first quarter. Kennedy Capital Management LLC now owns 450,918 shares of the aerospace company's stock worth $6,782,000 after acquiring an additional 300,407 shares during the last quarter. Marshall Wace LLP increased its holdings in Triumph Group by 318.2% in the second quarter. Marshall Wace LLP now owns 324,778 shares of the aerospace company's stock valued at $5,005,000 after buying an additional 247,117 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Triumph Group by 85,638.8% in the second quarter. Nisa Investment Advisors LLC now owns 187,768 shares of the aerospace company's stock valued at $2,894,000 after acquiring an additional 187,549 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in Triumph Group by 12.5% in the second quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company's stock valued at $23,372,000 after acquiring an additional 168,607 shares during the period. 94.53% of the stock is 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.