Triumph Group (NYSE:TGI) Upgraded to Outperform at Wolfe Research

Wolfe Research upgraded shares of Triumph Group (NYSE:TGI) from a peer perform rating to an outperform rating in a research note issued to investors on Thursday morning, MarketBeat reports. They currently have $18.00 price objective on the aerospace company’s stock.

A number of other analysts have also issued reports on TGI. Truist Financial lifted their target price on Triumph Group from $17.00 to $27.00 and gave the stock a buy rating in a research report on Wednesday, January 10th. Bank of America upgraded Triumph Group from an underperform rating to a buy rating and raised their target price for the company from $9.00 to $21.00 in a research note on Thursday, January 25th. The Goldman Sachs Group started coverage on Triumph Group in a report on Wednesday, March 20th. They set a buy rating and a $18.00 price target on the stock. Barclays upgraded Triumph Group from an equal weight rating to an overweight rating and set a $20.00 target price on the stock in a report on Friday, January 5th. Finally, Robert W. Baird upgraded Triumph Group from a neutral rating to an outperform rating and boosted their price objective for the stock from $13.00 to $20.00 in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $18.88.

Triumph Group Price Performance

Shares of Triumph Group stock opened at $15.04 on Thursday. Triumph Group has a 1 year low of $7.00 and a 1 year high of $17.27. The company’s fifty day moving average is $14.76 and its two-hundred day moving average is $12.09.

Triumph Group (NYSE:TGI) last posted its earnings results on Wednesday, February 7th. The aerospace company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.30). The business had revenue of $285.00 million for the quarter, compared to analysts’ expectations of $367.96 million. Triumph Group had a negative net margin of 3.49% and a negative return on equity of 2.15%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 earnings per share. On average, sell-side analysts anticipate that Triumph Group will post -0.43 earnings per share for the current year.

Insider Transactions at Triumph Group

In related news, Director Neal J. Keating acquired 7,200 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average cost of $14.53 per share, with a total value of $104,616.00. Following the completion of the transaction, the director now owns 58,987 shares of the company’s stock, valued at approximately $857,081.11. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is owned by insiders.

Institutional Trading of Triumph Group

Several large investors have recently added to or reduced their stakes in TGI. Citigroup Inc. raised its holdings in Triumph Group by 46.0% in the 3rd quarter. Citigroup Inc. now owns 130,055 shares of the aerospace company’s stock worth $996,000 after acquiring an additional 40,982 shares during the period. Graham Capital Management L.P. lifted its position in shares of Triumph Group by 122.3% during the 3rd quarter. Graham Capital Management L.P. now owns 136,580 shares of the aerospace company’s stock worth $1,046,000 after purchasing an additional 75,147 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Triumph Group during the 3rd quarter valued at approximately $1,204,000. Charles Schwab Investment Management Inc. grew its holdings in Triumph Group by 17.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 583,763 shares of the aerospace company’s stock valued at $4,472,000 after buying an additional 87,248 shares during the last quarter. Finally, tru Independence LLC increased its position in Triumph Group by 69.7% in the 3rd quarter. tru Independence LLC now owns 506,425 shares of the aerospace company’s stock worth $3,879,000 after buying an additional 208,067 shares during the period. 94.53% of the stock is owned by institutional investors.

About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, 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, exhaust nozzles and ducting, 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.