Triumph Group Inc (TGI) Receives $23.43 Average PT from Brokerages

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Triumph Group Inc (NYSE:TGI) has been given an average rating of “Hold” by the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $23.43.

Several equities research analysts recently weighed in on TGI shares. ValuEngine cut shares of Triumph Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Bank of America reduced their price target on shares of Triumph Group from $29.00 to $24.00 and set an “underperform” rating on the stock in a research report on Wednesday, August 15th. Zacks Investment Research upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a research report on Tuesday. SunTrust Banks restated a “hold” rating and issued a $23.00 price target on shares of Triumph Group in a research report on Friday, July 20th. Finally, Barclays reduced their price target on shares of Triumph Group from $28.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 4th.

In other Triumph Group news, Director Joseph Silvestri sold 5,000 shares of the business’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $22.00, for a total transaction of $110,000.00. Following the transaction, the director now owns 107,662 shares in the company, valued at $2,368,564. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its position in Triumph Group by 9.5% during the second quarter. BlackRock Inc. now owns 9,187,465 shares of the aerospace company’s stock valued at $180,074,000 after acquiring an additional 794,349 shares during the last quarter. Rhumbline Advisers increased its position in Triumph Group by 2.4% during the second quarter. Rhumbline Advisers now owns 121,514 shares of the aerospace company’s stock valued at $2,382,000 after acquiring an additional 2,816 shares during the last quarter. Hanson & Doremus Investment Management increased its position in Triumph Group by 46.8% during the second quarter. Hanson & Doremus Investment Management now owns 33,451 shares of the aerospace company’s stock valued at $656,000 after acquiring an additional 10,658 shares during the last quarter. Royal Bank of Canada increased its position in Triumph Group by 1.4% during the first quarter. Royal Bank of Canada now owns 384,088 shares of the aerospace company’s stock valued at $9,679,000 after acquiring an additional 5,337 shares during the last quarter. Finally, Smith Graham & Co. Investment Advisors LP increased its position in Triumph Group by 36.7% during the second quarter. Smith Graham & Co. Investment Advisors LP now owns 480,791 shares of the aerospace company’s stock valued at $9,424,000 after acquiring an additional 128,990 shares during the last quarter.

TGI traded down $0.92 during trading hours on Thursday, hitting $18.57. The company’s stock had a trading volume of 667,300 shares, compared to its average volume of 630,535. Triumph Group has a 12 month low of $17.75 and a 12 month high of $34.58. The stock has a market capitalization of $1.16 billion, a PE ratio of 7.34, a P/E/G ratio of 0.95 and a beta of 1.77. The company has a debt-to-equity ratio of -6.64, a quick ratio of 0.81 and a current ratio of 1.23.

Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Wednesday, August 8th. The aerospace company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Triumph Group had a positive return on equity of 28.57% and a negative net margin of 15.20%. The business had revenue of $832.90 million during the quarter, compared to the consensus estimate of $805.88 million. During the same quarter in the prior year, the firm posted $0.24 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, research analysts forecast that Triumph Group will post 1.86 earnings per share for the current year.

Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.

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Analyst Recommendations for Triumph Group (NYSE:TGI)

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