Triumph Group (NYSE:TGI) Rating Lowered to Strong Sell at ValuEngine

Triumph Group (NYSE:TGI) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Thursday, ValuEngine reports.

A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Triumph Group from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Monday, July 8th. Barclays cut shares of Triumph Group from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $23.00 to $20.00 in a research report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $23.61.

Shares of TGI stock traded up $0.07 during mid-day trading on Thursday, reaching $20.34. The stock had a trading volume of 379,000 shares, compared to its average volume of 608,726. The stock’s 50-day moving average price is $22.39 and its two-hundred day moving average price is $22.00. Triumph Group has a 52-week low of $11.16 and a 52-week high of $26.00. The firm has a market capitalization of $1.03 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 1.67 and a beta of 2.78.

Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $730.20 million for the quarter, compared to analysts’ expectations of $700.19 million. During the same quarter in the previous year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was down 12.3% compared to the same quarter last year. Equities analysts forecast that Triumph Group will post 2.56 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in TGI. NumerixS Investment Technologies Inc purchased a new position in shares of Triumph Group during the first quarter valued at about $86,000. Private Capital Group LLC increased its position in shares of Triumph Group by 415.4% during the second quarter. Private Capital Group LLC now owns 6,443 shares of the aerospace company’s stock valued at $126,000 after buying an additional 5,193 shares during the period. Bank of Montreal Can increased its position in shares of Triumph Group by 134.4% during the second quarter. Bank of Montreal Can now owns 7,968 shares of the aerospace company’s stock valued at $183,000 after buying an additional 4,569 shares during the period. Emerald Advisers LLC purchased a new position in shares of Triumph Group during the second quarter valued at about $204,000. Finally, Marshall Wace North America L.P. increased its position in shares of Triumph Group by 138.3% during the first quarter. Marshall Wace North America L.P. now owns 15,393 shares of the aerospace company’s stock valued at $294,000 after buying an additional 8,933 shares during the period.

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.

Further Reading: Net Margin

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Analyst Recommendations for Triumph Group (NYSE:TGI)

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