Triumph Group (TGI) Lifted to “Sell” at ValuEngine

ValuEngine upgraded shares of Triumph Group (NYSE:TGI) from a strong sell rating to a sell rating in a research report released on Tuesday.

Other research analysts also recently issued reports about the company. Canaccord Genuity reiterated a hold rating and set a $26.00 price objective on shares of Triumph Group in a research note on Wednesday, August 8th. SunTrust Banks reissued a hold rating and issued a $23.00 price target on shares of Triumph Group in a report on Friday, July 20th. Bank of America lowered their price target on Triumph Group from $29.00 to $24.00 and set an underperform rating on the stock in a report on Wednesday, August 15th. Zacks Investment Research raised Triumph Group from a sell rating to a hold rating in a report on Tuesday, October 16th. Finally, UBS Group initiated coverage on Triumph Group in a report on Wednesday, August 15th. They issued a sell rating and a $19.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $24.50.

Shares of NYSE:TGI traded up $2.27 during mid-day trading on Tuesday, reaching $21.89. 1,030,171 shares of the company traded hands, compared to its average volume of 581,992. The company has a market cap of $1.08 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 0.88 and a beta of 1.90. The company has a current ratio of 1.23, a quick ratio of 0.81 and a debt-to-equity ratio of 3.16. Triumph Group has a 52 week low of $16.80 and a 52 week high of $31.90.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Thursday, November 8th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. The company had revenue of $855.11 million during the quarter, compared to the consensus estimate of $801.52 million. Triumph Group had a positive return on equity of 28.57% and a negative net margin of 15.20%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. Equities research analysts predict that Triumph Group will post 1.85 earnings per share for the current fiscal year.

In related news, Director Joseph Silvestri sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $22.00, for a total value of $110,000.00. Following the transaction, the director now directly owns 107,662 shares of the company’s stock, valued at approximately $2,368,564. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Triumph Group by 0.4% during the 3rd quarter. BlackRock Inc. now owns 9,220,956 shares of the aerospace company’s stock worth $214,848,000 after acquiring an additional 33,491 shares in the last quarter. Towle & Co. raised its holdings in shares of Triumph Group by 2.0% during the 3rd quarter. Towle & Co. now owns 2,047,124 shares of the aerospace company’s stock worth $47,698,000 after acquiring an additional 39,860 shares in the last quarter. Maple Rock Capital Partners Inc. raised its holdings in shares of Triumph Group by 24.7% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,390,000 shares of the aerospace company’s stock worth $27,244,000 after acquiring an additional 275,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Triumph Group by 1.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,287,071 shares of the aerospace company’s stock worth $25,227,000 after acquiring an additional 21,672 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Triumph Group by 8.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 955,395 shares of the aerospace company’s stock worth $22,260,000 after acquiring an additional 71,514 shares in the last quarter.

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.

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Analyst Recommendations for Triumph Group (NYSE:TGI)

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