Triumph Group (NYSE:TGI) Upgraded to Outperform by Wolfe Research

Triumph Group (NYSE:TGI) was upgraded by stock analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a report issued on Thursday, Marketbeat.com reports. The brokerage currently has a $18.00 price target on the aerospace company’s stock. Wolfe Research’s price objective would indicate a potential upside of 24.10% from the company’s current price.

A number of other analysts also recently commented on TGI. Robert W. Baird upgraded Triumph Group from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $13.00 to $20.00 in a research note on Tuesday, January 16th. Barclays upgraded Triumph Group from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a research note on Friday, January 5th. Truist Financial upped their target price on Triumph Group from $17.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Bank of America raised Triumph Group from an “underperform” rating to a “buy” rating and upped their price target for the stock from $9.00 to $21.00 in a report on Thursday, January 25th. Finally, The Goldman Sachs Group started coverage on Triumph Group in a report on Wednesday, March 20th. They issued a “buy” rating and a $18.00 price target for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Triumph Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.88.

Triumph Group Stock Performance

Triumph Group stock opened at $14.51 on Thursday. The business’s 50-day simple moving average is $14.76 and its two-hundred day simple moving average is $12.07. The company has a market cap of $1.11 billion, a PE ratio of -21.33 and a beta of 2.57. Triumph Group has a fifty-two week low of $7.00 and a fifty-two week high of $17.27.

Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Wednesday, February 7th. The aerospace company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.30). The firm had revenue of $285.00 million for the quarter, compared to analysts’ expectations of $367.96 million. Triumph Group had a negative net margin of 3.49% and a negative return on equity of 2.15%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS. As a group, analysts predict that Triumph Group will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling at Triumph Group

In other news, Director Neal J. Keating bought 7,200 shares of Triumph Group stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $14.53 per share, with a total value of $104,616.00. Following the completion of the acquisition, the director now directly owns 58,987 shares of the company’s stock, valued at $857,081.11. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Triumph Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Group AG grew its stake in shares of Triumph Group by 112.9% in the third quarter. UBS Group AG now owns 3,202 shares of the aerospace company’s stock valued at $27,000 after buying an additional 1,698 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Triumph Group by 298.4% in the 4th quarter. Signaturefd LLC now owns 2,506 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 1,877 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Triumph Group by 1,980.2% in the 3rd quarter. Fifth Third Bancorp now owns 6,303 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 6,000 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Triumph Group in the 2nd quarter valued at about $53,000. Finally, Captrust Financial Advisors increased its position in Triumph Group by 141.0% in the 1st quarter. Captrust Financial Advisors now owns 2,902 shares of the aerospace company’s stock valued at $73,000 after acquiring an additional 1,698 shares during the period. Institutional investors and hedge funds own 94.53% of the company’s stock.

Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, 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, exhaust nozzles and ducting, 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.