Triumph Group’s (TGI) “Sell” Rating Reiterated at Barclays

Barclays reissued their sell rating on shares of Triumph Group (NYSE:TGI) in a research report released on Monday morning, AnalystRatings.com reports.

Other equities analysts have also issued reports about the company. Canaccord Genuity reiterated a hold rating and issued a $28.00 target price on shares of Triumph Group in a research note on Friday, February 7th. ValuEngine lowered Triumph Group from a hold rating to a sell rating in a research note on Wednesday, March 4th. Finally, Bank of America lowered Triumph Group from a buy rating to a sell rating and set a $5.00 target price for the company. in a research note on Friday, March 20th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Triumph Group has an average rating of Hold and an average price target of $20.00.

Shares of NYSE:TGI traded up $2.02 on Monday, hitting $8.39. The company had a trading volume of 2,143,300 shares, compared to its average volume of 734,053. Triumph Group has a 52-week low of $3.02 and a 52-week high of $29.38. The business has a 50 day moving average of $16.79 and a 200 day moving average of $22.45. The company has a market cap of $267.54 million, a PE ratio of -2.73, a PEG ratio of 0.83 and a beta of 2.65.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Thursday, February 6th. The aerospace company reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. Triumph Group had a negative return on equity of 26.30% and a negative net margin of 4.96%. The business had revenue of $704.70 million for the quarter, compared to the consensus estimate of $682.32 million. During the same period in the prior year, the business earned $0.42 earnings per share. The business’s revenue was down 12.8% on a year-over-year basis. On average, research analysts predict that Triumph Group will post 2.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.04 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.16 annualized dividend and a yield of 1.91%. Triumph Group’s payout ratio is currently 6.43%.

A number of large investors have recently made changes to their positions in TGI. California Public Employees Retirement System boosted its position in shares of Triumph Group by 33.8% in the third quarter. California Public Employees Retirement System now owns 102,848 shares of the aerospace company’s stock worth $2,353,000 after buying an additional 26,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Triumph Group by 57.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,278 shares of the aerospace company’s stock worth $108,000 after buying an additional 1,561 shares during the period. Metropolitan Life Insurance Co NY boosted its position in shares of Triumph Group by 4.4% in the third quarter. Metropolitan Life Insurance Co NY now owns 16,689 shares of the aerospace company’s stock worth $382,000 after buying an additional 704 shares during the period. Barclays PLC boosted its position in shares of Triumph Group by 151.3% in the third quarter. Barclays PLC now owns 238,759 shares of the aerospace company’s stock worth $5,464,000 after buying an additional 143,738 shares during the period. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Triumph Group in the third quarter worth about $228,000.

Triumph Group Company Profile

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.

Featured Story: Reverse Stock Split

Receive News & Ratings for Triumph Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Group and related companies with MarketBeat.com's FREE daily email newsletter.