Triumph Group, Inc. (NYSE:TGI) Receives $18.78 Consensus Target Price from Brokerages

Shares of Triumph Group, Inc. (NYSE:TGI - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the ten analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $18.78.

Several brokerages have recently weighed in on TGI. Truist Financial boosted their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. Barclays cut Triumph Group from an "overweight" rating to an "equal weight" rating and lifted their target price for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. Wolfe Research downgraded Triumph Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, February 10th. StockNews.com initiated coverage on shares of Triumph Group in a report on Tuesday. They issued a "hold" rating on the stock. Finally, Robert W. Baird reiterated a "neutral" rating and set a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th.

Insiders Place Their Bets

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total value of $886,200.00. Following the completion of the transaction, the chief accounting officer now owns 51,696 shares in the company, valued at $1,308,942.72. This represents a 40.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is owned by insiders.

Institutional Trading of Triumph Group

Several large investors have recently modified their holdings of TGI. State Street Corp boosted its stake in shares of Triumph Group by 7.8% during the 3rd quarter. State Street Corp now owns 4,447,835 shares of the aerospace company's stock valued at $57,333,000 after buying an additional 322,048 shares during the last quarter. Irenic Capital Management LP grew its holdings in Triumph Group by 19.9% during the 4th quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company's stock worth $70,666,000 after acquiring an additional 628,296 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Triumph Group by 124.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock valued at $43,259,000 after purchasing an additional 1,286,568 shares in the last quarter. Fisher Asset Management LLC grew its stake in Triumph Group by 17.9% in the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company's stock worth $34,145,000 after purchasing an additional 277,333 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Triumph Group by 8.1% in the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company's stock valued at $22,340,000 after buying an additional 129,391 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Triumph Group Price Performance

Shares of NYSE TGI traded up $0.02 during mid-day trading on Friday, hitting $25.49. The company had a trading volume of 624,445 shares, compared to its average volume of 1,002,949. The company has a market capitalization of $1.97 billion, a PE ratio of 3.54 and a beta of 2.53. The business's 50-day simple moving average is $23.52 and its 200 day simple moving average is $18.78. Triumph Group has a 1-year low of $11.01 and a 1-year high of $25.48.

Triumph Group (NYSE:TGI - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. On average, analysts expect 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.