Triumph Group, Inc. (NYSE:TGI – Get Free Report) gapped down prior to trading on Tuesday after The Goldman Sachs Group downgraded the stock from a buy rating to a neutral rating. The stock had previously closed at $12.99, but opened at $12.50. The Goldman Sachs Group now has a $15.00 price target on the stock, down from their previous price target of $19.00. Triumph Group shares last traded at $12.90, with a volume of 223,078 shares changing hands.
A number of other research analysts have also commented on the stock. Truist Financial dropped their price objective on shares of Triumph Group from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Jefferies Financial Group reaffirmed a “hold” rating and set a $14.00 price objective (down from $20.00) on shares of Triumph Group in a research note on Monday. JPMorgan Chase & Co. upgraded Triumph Group from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $13.00 to $17.00 in a research note on Monday, April 15th. Barclays cut their price target on Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday. Finally, StockNews.com lowered shares of Triumph Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.89.
Insiders Place Their Bets
In related news, Director Cynthia M. Egnotovich purchased 10,000 shares of the stock in a transaction dated Thursday, June 6th. The shares were acquired at an average cost of $15.14 per share, with a total value of $151,400.00. Following the purchase, the director now directly owns 32,561 shares in the company, valued at approximately $492,973.54. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.31% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Triumph Group
A number of institutional investors and hedge funds have recently modified their holdings of the company. Jade Capital Advisors LLC boosted its position in Triumph Group by 48.4% during the fourth quarter. Jade Capital Advisors LLC now owns 460,000 shares of the aerospace company’s stock worth $7,627,000 after purchasing an additional 150,000 shares in the last quarter. Vision One Management Partners LP purchased a new position in shares of Triumph Group in the fourth quarter valued at $34,587,000. Gamco Investors INC. ET AL purchased a new stake in shares of Triumph Group in the 1st quarter worth about $1,545,000. ProShare Advisors LLC boosted its position in shares of Triumph Group by 7.2% in the 1st quarter. ProShare Advisors LLC now owns 13,263 shares of the aerospace company’s stock worth $199,000 after buying an additional 892 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its stake in Triumph Group by 199.6% in the 1st quarter. Kennedy Capital Management LLC now owns 450,918 shares of the aerospace company’s stock valued at $6,782,000 after acquiring an additional 300,407 shares during the last quarter. Institutional investors and hedge funds own 94.53% of the company’s stock.
Triumph Group Trading Up 0.6 %
The stock has a market cap of $1.01 billion, a PE ratio of 1.96, a price-to-earnings-growth ratio of 20.07 and a beta of 2.53. The business has a 50 day moving average of $15.43 and a 200-day moving average of $14.72.
Triumph Group (NYSE:TGI – Get Free Report) last announced its 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 firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.10) EPS. On average, equities research analysts anticipate that Triumph Group, Inc. will post 0.4 EPS for the current fiscal 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.