Triumph Group (TGI) Upgraded to Hold at Zacks Investment Research

Triumph Group (NYSE:TGI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday. The brokerage currently has a $32.00 target price on the aerospace company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 9.97% from the company’s previous close.

According to Zacks, “Triumph Group’s focus on driving organic growth has been reasonably strong based on the addition of products and services, expansion of operating capacity and marketing of a range of products. The company is committed on enhancing shareholder value through a systematic share repurchase program and payment of dividends at regular intervals. Triumph Group’s planned divestitures of non-core operating companies are progressing towards completion in fiscal 2018. However, a large percentage of Triumph Group’s aftermarket sales come from third-party repair and overhaul thus exposing it to tough competition from OEMs as well as third-party organizations. Further, Triumph Group underperformed the broader industry over the last year. The company’s performance also depends largely on the orders of defense majors like Boeing.”

Several other brokerages have also recently weighed in on TGI. SunTrust Banks upped their price target on shares of Triumph Group to $34.00 and gave the stock a “hold” rating in a research report on Thursday, November 9th. Canaccord Genuity reaffirmed a “hold” rating and issued a $36.00 price target (up previously from $30.00) on shares of Triumph Group in a research report on Thursday, November 9th. Cowen reaffirmed a “hold” rating and issued a $30.00 price target on shares of Triumph Group in a research report on Thursday, November 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $34.00 price target on shares of Triumph Group in a research report on Thursday, October 12th. Finally, TheStreet cut shares of Triumph Group from a “c-” rating to a “d+” rating in a research report on Wednesday, December 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $33.00.

Triumph Group (NYSE:TGI) traded up $0.80 during trading on Friday, reaching $29.10. 306,493 shares of the company’s stock traded hands, compared to its average volume of 496,960. The stock has a market cap of $1,440.00, a PE ratio of -13.66, a price-to-earnings-growth ratio of 0.68 and a beta of 1.76. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.42 and a current ratio of 1.87. Triumph Group has a 12 month low of $19.65 and a 12 month high of $34.80.

Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.20. The company had revenue of $745.16 million during the quarter, compared to analysts’ expectations of $787.90 million. Triumph Group had a negative net margin of 3.18% and a positive return on equity of 27.18%. The firm’s quarterly revenue was down 14.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.00 EPS. research analysts predict that Triumph Group will post 2.51 earnings per share for the current year.

In related news, CEO Daniel J. Crowley sold 78,900 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $31.35, for a total transaction of $2,473,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Silvestri sold 34,162 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $30.31, for a total transaction of $1,035,450.22. Following the sale, the director now directly owns 109,078 shares of the company’s stock, valued at approximately $3,306,154.18. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. lifted its position in Triumph Group by 3.0% during the second quarter. UBS Asset Management Americas Inc. now owns 42,588 shares of the aerospace company’s stock valued at $1,346,000 after acquiring an additional 1,226 shares during the last quarter. Riverhead Capital Management LLC lifted its position in Triumph Group by 56.8% during the second quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock valued at $119,000 after acquiring an additional 1,363 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in Triumph Group by 6.4% during the second quarter. Thrivent Financial For Lutherans now owns 29,880 shares of the aerospace company’s stock valued at $944,000 after acquiring an additional 1,790 shares during the last quarter. Sei Investments Co. lifted its position in Triumph Group by 35.6% during the third quarter. Sei Investments Co. now owns 7,160 shares of the aerospace company’s stock valued at $214,000 after acquiring an additional 1,881 shares during the last quarter. Finally, TD Asset Management Inc. lifted its position in Triumph Group by 10.1% during the third quarter. TD Asset Management Inc. now owns 22,900 shares of the aerospace company’s stock valued at $681,000 after acquiring an additional 2,100 shares during the last quarter.

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Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aircraft components, accessories, subassemblies and systems. The Company offers a range of products and services to the aerospace industry through three segments: Triumph Aerostructures Group, whose companies are engaged in the design, manufacture, assembly and integration of metallic and composite aerostructures and structural components for the aerospace original equipment manufacturer (OEM) market; Triumph Aerospace Systems Group, whose companies design, engineer and manufacture a range of build-to-print components, assemblies and systems also for the OEM market, and Triumph Aftermarket Services Group, whose companies serve aircraft fleets, such as commercial airlines, the United States military and cargo carriers, through the maintenance, repair and overhaul (MRO) of aircraft components and accessories manufactured by third parties.

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