Brokerages Set Triumph Group, Inc. (NYSE:TGI) PT at $16.38

Triumph Group, Inc. (NYSE:TGI) has received a consensus rating of “Reduce” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $18.78.

TGI has been the topic of a number of research analyst reports. StockNews.com raised shares of Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Robert W. Baird reiterated a “neutral” rating and issued a $26.00 price objective (up from $20.00) on shares of Triumph Group in a report on Tuesday. Baird R W lowered Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Truist Financial upped their price target on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday.

Hedge Funds Weigh In On Triumph Group

Several large investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its stake in shares of Triumph Group by 124.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock worth $43,259,000 after acquiring an additional 1,286,568 shares during the last quarter. Barclays PLC grew its position in Triumph Group by 155.8% in the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock worth $1,915,000 after purchasing an additional 90,456 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Triumph Group by 1,207.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock worth $6,946,000 after purchasing an additional 497,684 shares during the period. Geode Capital Management LLC raised its position in shares of Triumph Group by 8.1% during 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. Finally, SG Americas Securities LLC raised its position in shares of Triumph Group by 199.0% during the third quarter. SG Americas Securities LLC now owns 67,719 shares of the aerospace company’s stock valued at $873,000 after buying an additional 45,074 shares during the last quarter. Institutional investors and hedge funds own 94.53% of the company’s stock.

Triumph Group Stock Performance

Shares of NYSE:TGI opened at $25.16 on Friday. Triumph Group has a 52 week low of $11.01 and a 52 week high of $25.34. The company has a market cap of $1.95 billion, a PE ratio of 3.69 and a beta of 2.51. The firm has a 50 day simple moving average of $19.23 and a 200 day simple moving average of $16.31.

Triumph Group (NYSE:TGI) last issued its earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. Triumph Group had a negative return on equity of 8.68% and a net margin of 43.70%. On average, equities analysts predict that Triumph Group will post 0.68 earnings per share 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.