The Goldman Sachs Group Raises Triumph Group (NYSE:TGI) Price Target to $20.00

Triumph Group (NYSE:TGI) had its price objective raised by The Goldman Sachs Group from $18.00 to $20.00 in a research note published on Tuesday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the aerospace company’s stock.

A number of other research analysts also recently issued reports on TGI. Bank of America upgraded shares of Triumph Group from an underperform rating to a buy rating and boosted their price target for the stock from $9.00 to $21.00 in a research report on Thursday, January 25th. Truist Financial increased their price target on Triumph Group from $17.00 to $27.00 and gave the stock a buy rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. raised Triumph Group from an underweight rating to a neutral rating and boosted their price objective for the company from $13.00 to $17.00 in a research note on Monday, April 15th. Robert W. Baird raised Triumph Group from a neutral rating to an outperform rating and raised their target price for the stock from $13.00 to $20.00 in a research note on Tuesday, January 16th. Finally, Barclays upgraded Triumph Group from an equal weight rating to an overweight rating and set a $20.00 target price for the company in a report on Friday, January 5th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $19.63.

Triumph Group Price Performance

TGI opened at $12.82 on Tuesday. Triumph Group has a fifty-two week low of $7.00 and a fifty-two week high of $17.27. The company’s 50 day moving average price is $14.20 and its two-hundred day moving average price is $12.75. The firm has a market capitalization of $985.04 million, a price-to-earnings ratio of -18.85, a PEG ratio of 7.18 and a beta of 2.58.

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

Insider Transactions at Triumph Group

In other Triumph Group news, Director Neal J. Keating purchased 7,200 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $14.53 per share, with a total value of $104,616.00. Following the transaction, the director now owns 58,987 shares in the company, valued at $857,081.11. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

About Triumph Group

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.