Triumph Group (NYSE:TGI) PT Lowered to $13.00 at Barclays

Triumph Group (NYSE:TGIGet Rating) had its price objective decreased by Barclays from $20.00 to $13.00 in a research note issued to investors on Tuesday morning, The Fly reports.

A number of other equities research analysts have also issued reports on the stock. StockNews.com assumed coverage on shares of Triumph Group in a report on Thursday, March 31st. They issued a hold rating for the company. Truist Financial dropped their price objective on shares of Triumph Group to $24.00 and set a hold rating for the company in a report on Thursday, May 19th. The Goldman Sachs Group dropped their price objective on shares of Triumph Group from $20.00 to $18.00 and set a neutral rating for the company in a report on Friday, May 20th. UBS Group dropped their price objective on shares of Triumph Group to $24.00 and set a hold rating for the company in a report on Thursday, May 19th. Finally, Robert W. Baird decreased their target price on shares of Triumph Group from $36.00 to $26.00 and set an outperform rating on the stock in a research report on Thursday, May 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $21.14.

NYSE TGI opened at $11.84 on Tuesday. The company’s 50-day simple moving average is $18.28 and its two-hundred day simple moving average is $20.48. Triumph Group has a one year low of $11.47 and a one year high of $27.85. The company has a market capitalization of $765.18 million, a price-to-earnings ratio of -17.94, a price-to-earnings-growth ratio of 7.53 and a beta of 2.75.

Triumph Group (NYSE:TGIGet Rating) last released its earnings results on Wednesday, May 18th. The aerospace company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Triumph Group had a negative return on equity of 6.36% and a negative net margin of 2.93%. The company had revenue of $386.70 million during the quarter, compared to analyst estimates of $405.19 million. During the same quarter last year, the business earned $0.10 earnings per share. The firm’s revenue for the quarter was down 17.2% on a year-over-year basis. As a group, equities research analysts expect that Triumph Group will post 0.62 earnings per share for the current year.

In other Triumph Group news, Director Neal J. Keating purchased 8,000 shares of Triumph Group stock in a transaction dated Friday, May 27th. The shares were acquired at an average price of $15.47 per share, with a total value of $123,760.00. Following the completion of the transaction, the director now owns 9,080 shares of the company’s stock, valued at $140,467.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of TGI. Sachem Head Capital Management LP purchased a new stake in shares of Triumph Group during the fourth quarter worth approximately $18,584,000. State Street Corp increased its stake in shares of Triumph Group by 21.5% during the first quarter. State Street Corp now owns 3,908,637 shares of the aerospace company’s stock worth $98,810,000 after buying an additional 690,551 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Triumph Group by 817.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 723,688 shares of the aerospace company’s stock worth $13,410,000 after buying an additional 644,832 shares during the period. BlackRock Inc. increased its stake in shares of Triumph Group by 6.6% during the first quarter. BlackRock Inc. now owns 10,335,027 shares of the aerospace company’s stock worth $261,270,000 after buying an additional 640,237 shares during the period. Finally, Penn Capital Management Company LLC purchased a new stake in shares of Triumph Group during the first quarter worth approximately $12,086,000. 95.71% of the stock is currently owned by institutional investors and hedge funds.

About Triumph Group (Get Rating)

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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