Triumph Group, Inc. (NYSE:TGI) Receives $20.63 Average Price Target from Brokerages

Shares of Triumph Group, Inc. (NYSE:TGI) have earned an average rating of “Reduce” from the ten brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $20.63.

Several research firms recently commented on TGI. JPMorgan Chase & Co. raised Triumph Group from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $17.00 to $26.00 in a research note on Tuesday, April 15th. Wall Street Zen initiated coverage on Triumph Group in a research note on Tuesday, May 20th. They set a “hold” rating for the company.

Triumph Group Stock Performance

Shares of NYSE:TGI opened at $25.88 on Thursday. Triumph Group has a 52-week low of $11.01 and a 52-week high of $25.96. The company has a fifty day moving average of $25.39 and a 200-day moving average of $23.08. The company has a market capitalization of $2.01 billion, a PE ratio of 3.59 and a beta of 2.31.

Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.17. The firm had revenue of $377.90 million during the quarter, compared to analysts’ expectations of $334.04 million. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 EPS. On average, equities analysts forecast that Triumph Group will post 0.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio purchased a new stake in shares of Triumph Group during the first quarter worth $134,000. Intech Investment Management LLC increased its stake in shares of Triumph Group by 9.8% in the first quarter. Intech Investment Management LLC now owns 63,761 shares of the aerospace company’s stock worth $1,616,000 after buying an additional 5,710 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Triumph Group by 17.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,555 shares of the aerospace company’s stock valued at $5,716,000 after purchasing an additional 33,689 shares during the period. Aristeia Capital L.L.C. purchased a new position in Triumph Group during the 1st quarter valued at $251,000. Finally, Caxton Associates LLP purchased a new position in shares of Triumph Group during the 1st quarter worth approximately $1,009,000. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

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.