Brokerages Set Triumph Group, Inc. (NYSE:TGI) Target Price at $19.63

Triumph Group, Inc. (NYSE:TGI) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $19.63.

Several research firms recently weighed in on TGI. Truist Financial upped their price objective on shares of 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 increased their target price for the company from $9.00 to $21.00 in a research report on Thursday, January 25th. JPMorgan Chase & Co. raised Triumph Group from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $13.00 to $17.00 in a research note on Monday, April 15th. Wolfe Research upgraded 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 report on Thursday, March 28th. Finally, The Goldman Sachs Group raised their price objective on Triumph Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th.

Triumph Group Price Performance

Shares of TGI opened at $13.82 on Wednesday. The firm has a market capitalization of $1.06 billion, a PE ratio of -20.32, a PEG ratio of 8.24 and a beta of 2.55. The company’s 50-day moving average is $13.96 and its 200-day moving average is $13.21. Triumph Group has a fifty-two week low of $7.00 and a fifty-two week 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.30). The business had revenue of $285.00 million for the quarter, compared to analyst estimates of $367.96 million. Triumph Group had a negative return on equity of 2.15% and a negative net margin of 3.49%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.12 EPS. Analysts predict that Triumph Group will post -0.32 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Neal J. Keating acquired 7,200 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average price 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 of the company’s stock, valued at $857,081.11. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Triumph Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Keeley Teton Advisors LLC grew its position in Triumph Group by 0.6% in the 4th quarter. Keeley Teton Advisors LLC now owns 120,877 shares of the aerospace company’s stock valued at $2,004,000 after purchasing an additional 721 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Triumph Group by 11.6% in the 3rd quarter. Victory Capital Management Inc. now owns 12,351 shares of the aerospace company’s stock worth $95,000 after acquiring an additional 1,285 shares during the last quarter. Signaturefd LLC lifted its position in Triumph Group by 298.4% in the 4th quarter. Signaturefd LLC now owns 2,506 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 1,877 shares in the last quarter. Amalgamated Bank boosted its stake in Triumph Group by 8.9% during the 3rd quarter. Amalgamated Bank now owns 28,390 shares of the aerospace company’s stock valued at $217,000 after purchasing an additional 2,328 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in Triumph Group by 11.8% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 22,673 shares of the aerospace company’s stock worth $174,000 after purchasing an additional 2,400 shares in the last quarter. Institutional investors own 94.53% of the company’s stock.

Triumph Group Company Profile

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.