Triumph Group (NYSE:TGI) had its target price reduced by Barclays from $28.00 to $23.00 in a research report released on Tuesday. They currently have an equal weight rating on the aerospace company’s stock.

Several other analysts also recently weighed in on the company. Vertical Research upgraded Triumph Group from a hold rating to a buy rating in a report on Wednesday, May 16th. ValuEngine downgraded Triumph Group from a buy rating to a hold rating in a report on Saturday, May 26th. Canaccord Genuity restated a hold rating and issued a $26.00 price objective on shares of Triumph Group in a report on Wednesday, August 8th. Bank of America decreased their price objective on Triumph Group from $29.00 to $24.00 and set an underperform rating for the company in a report on Wednesday, August 15th. Finally, SunTrust Banks reiterated a hold rating and issued a $23.00 target price on shares of Triumph Group in a report on Friday, July 20th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $26.00.

TGI stock opened at $20.10 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.23 and a debt-to-equity ratio of -6.64. The stock has a market capitalization of $1.04 billion, a P/E ratio of 7.95, a PEG ratio of 0.85 and a beta of 1.78. Triumph Group has a 1-year low of $17.75 and a 1-year high of $34.58.

Triumph Group (NYSE:TGI) last released its quarterly earnings data 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). The firm had revenue of $832.90 million during the quarter, compared to the consensus estimate of $805.88 million. Triumph Group had a negative net margin of 15.20% and a positive return on equity of 28.57%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. sell-side analysts anticipate that Triumph Group will post 1.86 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, September 15th. Shareholders of record on Friday, August 31st will be issued a $0.04 dividend. The ex-dividend date is Thursday, August 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.80%. Triumph Group’s dividend payout ratio is presently 6.32%.

A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in Triumph Group by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 883,881 shares of the aerospace company’s stock worth $17,323,000 after purchasing an additional 49,400 shares in the last quarter. Trilogy Capital Inc. bought a new position in Triumph Group in the second quarter worth about $157,000. Advisors Asset Management Inc. raised its holdings in Triumph Group by 142.3% in the second quarter. Advisors Asset Management Inc. now owns 91,541 shares of the aerospace company’s stock worth $604,000 after purchasing an additional 53,758 shares in the last quarter. Mutual Advisors LLC raised its holdings in Triumph Group by 36.6% in the second quarter. Mutual Advisors LLC now owns 66,400 shares of the aerospace company’s stock worth $1,301,000 after purchasing an additional 17,800 shares in the last quarter. Finally, Millennium Management LLC bought a new position in Triumph Group in the second quarter worth about $5,857,000.

About Triumph Group

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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