According to Zacks, “Triumph Group's focus on improving its organic growth has been reasonably strong, based on the addition of products and services as well as expansion of operating capacity. It is conducting vigorous divestiture of its non-core operations to help strengthen the company’s balance sheet. With respect to organic growth, a trend of consistent contract win also plays a crucial role, in boosting a company’s top line. Commercial narrow-body jet remains an important growth platform for Triumph Group, buoyed by increasing global demand for such jets. However, a large portion of Triumph Group’s aftermarket sales comes from third-party repair and overhaul, thus exposing it to tough competition from OEMs. Moreover, volatile energy and commodity prices can put pressure on the company’s margins. Its shares underperformed its industry in past one year.”
Other equities research analysts have also issued research reports about the stock. Cowen restated a “buy” rating and issued a $22.00 price target on shares of Triumph Group in a research note on Thursday, February 7th. Bank of America upgraded shares of Triumph Group from an “underperform” rating to a “buy” rating and raised their price target for the company from $20.00 to $35.00 in a research note on Monday, February 11th. SunTrust Banks raised their price target on shares of Triumph Group to $25.00 and gave the company a “hold” rating in a research note on Friday, February 8th. Finally, UBS Group upgraded shares of Triumph Group from a “sell” rating to a “neutral” rating and dropped their price target for the company from $19.00 to $14.50 in a research note on Monday, December 17th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $24.96.
Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Thursday, February 7th. The aerospace company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. Triumph Group had a negative net margin of 12.41% and a negative return on equity of 149.35%. The company had revenue of $807.90 million for the quarter, compared to analyst estimates of $829.37 million. During the same quarter last year, the business earned $0.76 earnings per share. Triumph Group’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts forecast that Triumph Group will post 1.72 EPS for the current fiscal year.
In other news, Director Joseph Silvestri sold 22,000 shares of the stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $23.10, for a total value of $508,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 66,853 shares of company stock valued at $1,578,285 over the last quarter. Insiders own 1.50% of the company’s stock.
Several institutional investors have recently bought and sold shares of TGI. Bank of New York Mellon Corp boosted its holdings in shares of Triumph Group by 8.1% in the third quarter. Bank of New York Mellon Corp now owns 955,395 shares of the aerospace company’s stock valued at $22,260,000 after acquiring an additional 71,514 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Triumph Group by 0.4% in the third quarter. BlackRock Inc. now owns 9,220,956 shares of the aerospace company’s stock valued at $214,848,000 after acquiring an additional 33,491 shares in the last quarter. FMR LLC boosted its holdings in shares of Triumph Group by 16.4% in the third quarter. FMR LLC now owns 21,310 shares of the aerospace company’s stock valued at $497,000 after acquiring an additional 3,000 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Triumph Group in the third quarter valued at approximately $380,000. Finally, GSA Capital Partners LLP bought a new position in shares of Triumph Group in the third quarter valued at approximately $701,000.
About Triumph Group
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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