Triumph Group (NYSE:TGI) Shares Gap Down – Time to Sell?

Triumph Group, Inc. (NYSE:TGI) gapped down before the market opened on Monday . The stock had previously closed at $15.00, but opened at $14.09. Triumph Group shares last traded at $14.56, with a volume of 266,114 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TGI. The Goldman Sachs Group lowered shares of Triumph Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $19.00 to $15.00 in a report on Tuesday, August 13th. Bank of America downgraded Triumph Group from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $17.00 to $12.00 in a report on Tuesday, September 24th. JPMorgan Chase & Co. downgraded Triumph Group from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $15.00 to $12.00 in a report on Monday. Barclays cut their target price on Triumph Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Finally, Truist Financial cut shares of Triumph Group from a “buy” rating to a “hold” rating and cut their target price for the company from $17.00 to $15.00 in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.11.

Triumph Group Trading Down 2.9 %

The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 2.19 and a beta of 2.49. The firm’s 50 day simple moving average is $13.34 and its 200-day simple moving average is $14.29.

Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share (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 analyst estimates of $274.64 million. Triumph Group had a negative return on equity of 1.77% and a net margin of 40.39%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.10) earnings per share. As a group, sell-side analysts forecast that Triumph Group, Inc. will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new position in shares of Triumph Group in the 1st quarter valued at about $35,000. Quest Partners LLC acquired a new stake in Triumph Group during the 2nd quarter valued at $41,000. Lazard Asset Management LLC lifted its stake in shares of Triumph Group by 98.3% during the first quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock valued at $58,000 after buying an additional 1,922 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Triumph Group during the 1st quarter worth about $56,000. Finally, CWM LLC boosted its position in Triumph Group by 473.7% during the 2nd quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock worth $79,000 after purchasing an additional 4,249 shares during the period. Hedge funds and other institutional investors own 94.53% of the company’s stock.

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.