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

Shares of Triumph Group, Inc. (NYSE:TGI - Get Free Report) have earned an average recommendation of "Reduce" from the ten ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $18.78.

A number of analysts have commented on the company. Robert W. Baird reissued a "neutral" rating and set a $26.00 price objective (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. StockNews.com started coverage on Triumph Group in a report on Monday, March 17th. They set a "hold" rating for the company. Barclays cut Triumph Group from an "overweight" rating to an "equal weight" rating and raised their price objective for the company from $21.00 to $26.00 in a research note on Thursday, February 6th. Baird R W lowered shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Wolfe Research downgraded shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th.

Insiders Place Their Bets

In other news, CAO Jennifer H. Allen sold 35,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total transaction of $886,200.00. Following the completion of the sale, the chief accounting officer now owns 51,696 shares in the company, valued at $1,308,942.72. This trade represents a 40.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.31% of the company's stock.

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Hedge Funds Weigh In On Triumph Group

Institutional investors and hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Triumph Group by 17.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,866 shares of the aerospace company's stock valued at $3,580,000 after buying an additional 29,093 shares during the last quarter. Rafferty Asset Management LLC raised its stake in Triumph Group by 4.7% in the 4th quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company's stock valued at $370,000 after acquiring an additional 896 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Triumph Group by 58.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company's stock valued at $126,000 after purchasing an additional 2,484 shares during the last quarter. ProShare Advisors LLC boosted its position in Triumph Group by 44.2% during the fourth quarter. ProShare Advisors LLC now owns 22,191 shares of the aerospace company's stock worth $414,000 after purchasing an additional 6,806 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in Triumph Group by 16.4% during the fourth quarter. Nuveen Asset Management LLC now owns 248,644 shares of the aerospace company's stock worth $4,640,000 after purchasing an additional 34,974 shares during the period. 94.53% of the stock is owned by institutional investors.

Triumph Group Trading Up 0.1 %

Shares of TGI traded up $0.04 during trading hours on Friday, reaching $25.47. The stock had a trading volume of 1,683,326 shares, compared to its average volume of 1,004,948. The firm has a 50-day simple moving average of $23.52 and a 200 day simple moving average of $18.78. Triumph Group has a 12 month low of $11.01 and a 12 month high of $25.48. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 3.54 and a beta of 2.53.

Triumph Group (NYSE:TGI - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. On average, equities analysts forecast that Triumph Group will post 0.68 EPS for the current year.

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.