Triumph Group (NYSE:TGI) Lowered to Underperform at Bank of America

Bank of America lowered shares of Triumph Group (NYSE:TGI) from a buy rating to an underperform rating in a research report released on Tuesday, MarketBeat.com reports. The firm currently has $12.00 price target on the aerospace company’s stock, down from their previous price target of $17.00.

Several other analysts have also issued reports on the stock. The Goldman Sachs Group lowered shares of Triumph Group from a buy rating to a neutral rating and cut their target price for the company from $19.00 to $15.00 in a research report on Tuesday, August 13th. TD Cowen restated a hold rating and issued a $14.00 price objective (down from $19.50) on shares of Triumph Group in a research note on Tuesday, May 28th. Truist Financial downgraded Triumph Group from a buy rating to a hold rating and lowered their target price for the company from $17.00 to $15.00 in a research report on Wednesday, August 21st. Jefferies Financial Group restated a hold rating and issued a $14.00 price target (down previously from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. Finally, StockNews.com cut Triumph Group from a buy rating to a hold rating in a research report on Saturday, June 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $15.67.

Triumph Group Trading Up 1.0 %

Shares of TGI opened at $12.74 on Tuesday. The firm has a fifty day simple moving average of $14.05 and a two-hundred day simple moving average of $14.36. The firm has a market cap of $985.18 million, a PE ratio of 1.92, a P/E/G ratio of 16.21 and a beta of 2.50. Triumph Group has a 1-year low of $7.00 and a 1-year high of $17.87.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $281.00 million for the quarter, compared to analysts’ expectations of $274.64 million. Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.10) EPS. As a group, research analysts forecast that Triumph Group will post 0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TGI. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Triumph Group by 6.4% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 958,100 shares of the aerospace company’s stock worth $14,764,000 after buying an additional 57,700 shares in the last quarter. Algert Global LLC lifted its stake in Triumph Group by 11.1% in the 2nd quarter. Algert Global LLC now owns 225,727 shares of the aerospace company’s stock worth $3,478,000 after purchasing an additional 22,537 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Triumph Group by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,340 shares of the aerospace company’s stock valued at $545,000 after purchasing an additional 1,405 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Triumph Group by 78.5% during the second quarter. AQR Capital Management LLC now owns 361,976 shares of the aerospace company’s stock valued at $5,578,000 after purchasing an additional 159,154 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Triumph Group by 311.2% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 22,300 shares of the aerospace company’s stock worth $344,000 after purchasing an additional 16,877 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors.

Triumph Group Company Profile

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.