Cowen Lowers Triumph Group (TGI) to Market Perform

Triumph Group (NYSE:TGI) was downgraded by research analysts at Cowen from an “outperform” rating to a “market perform” rating in a report issued on Monday, The Fly reports.

TGI has been the subject of several other research reports. UBS Group raised 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. SunTrust Banks raised their price target on shares of Triumph Group to $25.00 and gave the stock a “hold” rating in a report on Friday. Zacks Investment Research upgraded shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, ValuEngine cut shares of Triumph Group from a “buy” rating to a “hold” rating in a report on Thursday, December 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.36.

TGI stock opened at $21.68 on Monday. The firm has a market cap of $1.08 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 2.63 and a beta of 2.55. Triumph Group has a 52-week low of $11.16 and a 52-week high of $29.60.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Thursday, February 7th. The aerospace company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The firm had revenue of $807.90 million during the quarter, compared to the consensus estimate of $829.37 million. Triumph Group had a negative net margin of 12.41% and a negative return on equity of 149.35%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 earnings per share. On average, sell-side analysts forecast that Triumph Group will post 1.72 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in TGI. Walthausen & Co. LLC purchased a new position in Triumph Group during the third quarter worth about $24,533,000. New York State Common Retirement Fund boosted its holdings in Triumph Group by 1,289.8% during the fourth quarter. New York State Common Retirement Fund now owns 754,668 shares of the aerospace company’s stock worth $8,679,000 after purchasing an additional 700,368 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new position in Triumph Group during the third quarter worth about $4,944,000. Jane Street Group LLC boosted its holdings in Triumph Group by 118.4% during the third quarter. Jane Street Group LLC now owns 22,584 shares of the aerospace company’s stock worth $526,000 after purchasing an additional 145,489 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in Triumph Group by 17.2% during the third quarter. Royce & Associates LP now owns 834,800 shares of the aerospace company’s stock worth $19,451,000 after purchasing an additional 122,400 shares during the last quarter.

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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