Triumph Group Director John G. Drosdick Buys 5,000 Shares (TGI)
Triumph Group (NYSE:TGI) Director John G. Drosdick bought 5,000 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of $68.25 per share, with a total value of $341,250.00. Following the acquisition, the director now directly owns 15,000 shares in the company, valued at approximately $1,023,750. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on TGI shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Triumph Group in a research note to investors on Thursday. They now have a $85.00 price target on the stock, down previously from $93.00. Separately, analysts at Sterne Agee downgraded shares of Triumph Group from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $71.00 price target on the stock, down previously from $85.00. They noted that the move was a valuation call. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Triumph Group from $95.00 to $89.00 in a research note to investors on Thursday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $82.33.
Shares of Triumph Group (NYSE:TGI) traded up 0.40% during mid-day trading on Friday, hitting $68.42. The stock had a trading volume of 1,001,035 shares. Triumph Group has a 52 week low of $62.35 and a 52 week high of $85.50. The stock has a 50-day moving average of $75.83 and a 200-day moving average of $74.64. The company has a market cap of $3.545 billion and a P/E ratio of 13.34.
Triumph Group (NYSE:TGI) last announced its earnings results on Wednesday, January 29th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.26. Analysts expect that Triumph Group will post $4.96 EPS for the current fiscal year.
Triumph Group, Inc (NYSE:TGI) designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems.
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