ValuEngine Downgrades Triumph Group (NYSE:TGI) to Sell

ValuEngine cut shares of Triumph Group (NYSE:TGI) from a hold rating to a sell rating in a report published on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Triumph Group from a hold rating to a buy rating and set a $25.00 price objective for the company in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Triumph Group presently has an average rating of Hold and a consensus target price of $24.11.

TGI stock opened at $21.88 on Thursday. Triumph Group has a one year low of $11.16 and a one year high of $26.00. The stock has a market cap of $1.05 billion, a PE ratio of 8.79, a P/E/G ratio of 1.71 and a beta of 2.75. The firm has a 50 day simple moving average of $22.93 and a two-hundred day simple moving average of $21.78.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Wednesday, July 31st. The aerospace company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.01. Triumph Group had a negative net margin of 6.96% and a negative return on equity of 29.65%. The business had revenue of $730.20 million during the quarter, compared to analysts’ expectations of $700.19 million. During the same quarter in the previous year, the company earned $0.34 EPS. The business’s quarterly revenue was down 12.3% compared to the same quarter last year. On average, sell-side analysts forecast that Triumph Group will post 2.55 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in Triumph Group by 0.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 6,151,267 shares of the aerospace company’s stock valued at $140,864,000 after buying an additional 23,455 shares during the period. Vanguard Group Inc. boosted its position in Triumph Group by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,379,323 shares of the aerospace company’s stock valued at $123,186,000 after buying an additional 222,381 shares during the period. Earnest Partners LLC boosted its position in Triumph Group by 7.7% during the 2nd quarter. Earnest Partners LLC now owns 3,424,243 shares of the aerospace company’s stock valued at $78,415,000 after buying an additional 246,060 shares during the period. Nuveen Asset Management LLC purchased a new stake in Triumph Group during the 2nd quarter valued at $37,854,000. Finally, Renaissance Technologies LLC boosted its position in Triumph Group by 118.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,169,100 shares of the aerospace company’s stock valued at $26,772,000 after buying an additional 632,700 shares during the period.

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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