Triumph Group (NYSE:TGI) PT Raised to $20.00

Triumph Group (NYSE:TGI) had its price target raised by The Goldman Sachs Group from $18.00 to $20.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 53.85% from the stock’s current price.

A number of other research firms have also recently weighed in on TGI. Robert W. Baird raised shares of Triumph Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $13.00 to $20.00 in a report on Tuesday, January 16th. Wolfe Research raised shares of Triumph Group from a “peer perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a research note on Thursday, March 28th. Truist Financial upped their target price on shares of Triumph Group from $17.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Bank of America raised shares of Triumph Group from an “underperform” rating to a “buy” rating and upped their target price for the stock from $9.00 to $21.00 in a research note on Thursday, January 25th. Finally, Barclays raised shares of Triumph Group from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research report on Friday, January 5th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.63.

Triumph Group Stock Performance

Shares of NYSE:TGI opened at $13.00 on Tuesday. The firm has a market cap of $999.31 million, a PE ratio of -19.12, a price-to-earnings-growth ratio of 7.84 and a beta of 2.58. The firm’s 50 day simple moving average is $14.28 and its 200-day simple moving average is $12.71. Triumph Group has a one year low of $7.00 and a one year high of $17.27.

Triumph Group (NYSE:TGI) last announced 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). Triumph Group had a negative net margin of 3.49% and a negative return on equity of 2.15%. The firm had revenue of $285.00 million during the quarter, compared to analyst estimates of $367.96 million. During the same quarter last year, the business earned $0.12 earnings per share. Triumph Group’s revenue was up 8.9% on a year-over-year basis. Equities research analysts predict that Triumph Group will post -0.43 EPS for the current fiscal year.

Insider Activity

In related news, Director Neal J. Keating bought 7,200 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $14.53 per share, for a total transaction of $104,616.00. Following the completion of the acquisition, the director now owns 58,987 shares in the company, valued at $857,081.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Triumph Group

Several institutional investors have recently bought and sold shares of TGI. Signaturefd LLC lifted its position in shares of Triumph Group by 298.4% during the fourth quarter. Signaturefd LLC now owns 2,506 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 1,877 shares in the last quarter. Captrust Financial Advisors raised its holdings in Triumph Group by 141.0% in the first quarter. Captrust Financial Advisors now owns 2,902 shares of the aerospace company’s stock valued at $73,000 after acquiring an additional 1,698 shares in the last quarter. UBS Group AG raised its holdings in shares of Triumph Group by 112.9% during the third quarter. UBS Group AG now owns 3,202 shares of the aerospace company’s stock worth $27,000 after purchasing an additional 1,698 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Triumph Group during the second quarter worth $53,000. Finally, International Assets Investment Management LLC raised its holdings in shares of Triumph Group by 1,558.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,974 shares of the aerospace company’s stock worth $82,000 after purchasing an additional 4,674 shares during the period. 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 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.