Analysts Set Triumph Group, Inc. (NYSE:TGI) Price Target at $16.38

Triumph Group, Inc. (NYSE:TGI) has received a consensus rating of “Reduce” from the ten brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $18.78.

A number of analysts have weighed in on the stock. Robert W. Baird reissued a “neutral” rating and set a $26.00 target price (up from $20.00) on shares of Triumph Group in a report on Tuesday. StockNews.com upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. TD Cowen upgraded Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Baird R W cut Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Barclays downgraded Triumph Group from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $21.00 to $26.00 in a report on Thursday.

Institutional Investors Weigh In On Triumph Group

A number of hedge funds and other institutional investors have recently modified their holdings of TGI. Assenagon Asset Management S.A. lifted its position in Triumph Group by 124.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock worth $43,259,000 after purchasing an additional 1,286,568 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Triumph Group by 1,207.4% in the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock valued at $6,946,000 after buying an additional 497,684 shares during the period. State Street Corp grew its holdings in Triumph Group by 7.8% during the third quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock worth $57,333,000 after acquiring an additional 322,048 shares during the period. Fisher Asset Management LLC raised its position in Triumph Group by 17.9% in the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock worth $34,145,000 after acquiring an additional 277,333 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Triumph Group by 18,544.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 256,554 shares of the aerospace company’s stock valued at $4,787,000 after acquiring an additional 255,178 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors.

Triumph Group Stock Performance

Shares of TGI stock opened at $25.16 on Friday. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 3.69 and a beta of 2.51. Triumph Group has a one year low of $11.01 and a one year high of $25.34. The company’s 50-day simple moving average is $19.23 and its 200-day simple moving average is $16.31.

Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a negative return on equity of 8.68% and a net margin of 43.70%. As a group, research analysts forecast that Triumph Group will post 0.68 EPS for the current year.

Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, 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, cyber protected process controllers, 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.