Brokerages Set Triumph Group, Inc. (NYSE:TGI) Target Price at $18.29

Shares of Triumph Group, Inc. (NYSE:TGIGet Rating) have been given an average rating of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $18.29.

Several analysts recently weighed in on the stock. Truist Financial decreased their price objective on Triumph Group from $20.00 to $14.00 in a report on Wednesday, October 12th. Wolfe Research started coverage on Triumph Group in a research note on Monday, October 10th. They issued an “underperform” rating and a $9.00 price target for the company. Finally, StockNews.com raised Triumph Group from a “sell” rating to a “hold” rating in a research note on Friday, November 11th.

Triumph Group Trading Up 1.1 %

NYSE:TGI opened at $11.81 on Friday. The stock’s 50-day moving average is $9.83 and its 200-day moving average is $12.81. Triumph Group has a 1-year low of $7.84 and a 1-year high of $27.85. The stock has a market cap of $767.65 million, a P/E ratio of 8.32, a price-to-earnings-growth ratio of 8.77 and a beta of 2.65.

Triumph Group (NYSE:TGIGet Rating) last posted its earnings results on Tuesday, November 8th. The aerospace company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.11. Triumph Group had a net margin of 6.81% and a negative return on equity of 6.67%. The business had revenue of $307.60 million for the quarter, compared to the consensus estimate of $297.57 million. During the same period last year, the company earned $0.10 EPS. The firm’s revenue was down 13.9% compared to the same quarter last year. As a group, equities analysts forecast that Triumph Group will post 0.52 EPS for the current year.

Institutional Investors Weigh In On Triumph Group

Several large investors have recently added to or reduced their stakes in TGI. Mutual of America Capital Management LLC increased its position in shares of Triumph Group by 5.5% during the first quarter. Mutual of America Capital Management LLC now owns 9,311 shares of the aerospace company’s stock worth $235,000 after acquiring an additional 484 shares in the last quarter. Texas Permanent School Fund increased its holdings in Triumph Group by 1.6% during the 2nd quarter. Texas Permanent School Fund now owns 46,551 shares of the aerospace company’s stock worth $619,000 after purchasing an additional 743 shares in the last quarter. Credit Suisse AG raised its stake in shares of Triumph Group by 1.0% in the second quarter. Credit Suisse AG now owns 73,758 shares of the aerospace company’s stock worth $980,000 after purchasing an additional 752 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Triumph Group by 6.7% in the first quarter. Teacher Retirement System of Texas now owns 13,400 shares of the aerospace company’s stock worth $339,000 after purchasing an additional 845 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Triumph Group in the first quarter valued at approximately $25,000. Institutional investors and hedge funds own 95.65% of the company’s stock.

About Triumph Group

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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 Aerospace Structures. 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.

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Analyst Recommendations for Triumph Group (NYSE:TGI)

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