Triumph Group (NYSE:TGI) Price Target Lowered to $12.00 at Truist Financial

Triumph Group (NYSE:TGI) had its price target lowered by analysts at Truist Financial from $15.00 to $12.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the aerospace company’s stock. Truist Financial’s price objective would indicate a potential downside of 19.79% from the company’s current price.

A number of other research firms have also recently issued reports on TGI. JPMorgan Chase & Co. cut Triumph Group from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $15.00 to $12.00 in a report on Monday. Barclays cut their target price on Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Bank of America lowered shares of Triumph Group from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $17.00 to $12.00 in a report on Tuesday, September 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a $14.00 target price (down previously from $20.00) on shares of Triumph Group in a report on Monday, August 12th. Finally, The Goldman Sachs Group downgraded shares of Triumph Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $19.00 to $15.00 in a research note on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.78.

Triumph Group Stock Down 0.2 %

Shares of TGI stock traded down $0.03 during trading on Friday, hitting $14.96. The company had a trading volume of 74,530 shares, compared to its average volume of 879,179. The stock’s 50-day moving average is $13.40 and its two-hundred day moving average is $14.30. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 2.25 and a beta of 2.49. Triumph Group has a 52 week low of $7.19 and a 52 week high of $17.87.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. The company had revenue of $281.00 million for the quarter, compared to analysts’ expectations of $274.64 million. During the same quarter last year, the business posted ($0.10) EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, research analysts predict that Triumph Group will post 0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Triumph Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in Triumph Group during the 1st quarter valued at about $35,000. Quest Partners LLC bought a new stake in shares of Triumph Group in the 2nd quarter worth approximately $41,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Triumph Group during the first quarter valued at approximately $56,000. Lazard Asset Management LLC raised its holdings in shares of Triumph Group by 98.3% during the first quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 1,922 shares in the last quarter. Finally, CWM LLC lifted its stake in Triumph Group by 473.7% in the second quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock worth $79,000 after acquiring an additional 4,249 shares during the period. 94.53% of the stock is owned by institutional investors.

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.