Triumph Group, Inc. (NYSE:TGI) Given Consensus Rating of “Reduce” by Brokerages

Shares of Triumph Group, Inc. (NYSE:TGI) have earned an average rating of “Reduce” from the ten research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $18.88.

Several equities analysts have commented on TGI shares. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Baird R W downgraded shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Wolfe Research lowered Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. Barclays downgraded Triumph Group from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $21.00 to $26.00 in a research report on Thursday, February 6th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th.

Insider Activity

In other news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total transaction of $886,200.00. Following the completion of the sale, the chief accounting officer now directly owns 51,696 shares in the company, valued at approximately $1,308,942.72. This trade represents a 40.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC grew its stake in Triumph Group by 804.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 2,091 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in Triumph Group by 58.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock worth $126,000 after purchasing an additional 2,484 shares in the last quarter. Brevan Howard Capital Management LP increased its holdings in Triumph Group by 17.1% during the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock worth $230,000 after purchasing an additional 1,798 shares during the period. Centiva Capital LP purchased a new position in Triumph Group during the 3rd quarter worth $255,000. Finally, Capula Management Ltd bought a new stake in Triumph Group during the 4th quarter valued at $297,000. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Triumph Group Trading Down 0.1 %

Shares of TGI stock opened at $25.44 on Friday. The stock’s 50-day moving average price is $24.05 and its 200-day moving average price is $19.04. Triumph Group has a 12-month low of $11.01 and a 12-month high of $25.52. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 3.53 and a beta of 2.53.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. As a group, research analysts predict that Triumph Group will post 0.68 EPS for the current fiscal year.

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.