A number of other research analysts also recently commented on the company. Zacks Investment Research upgraded Triumph Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. ValuEngine upgraded Triumph Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 6th. UBS Group upgraded Triumph Group from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $19.00 to $14.50 in a report on Monday, December 17th. Cowen upgraded Triumph Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $20.00 to $22.00 in a report on Friday, January 25th. Finally, SunTrust Banks increased their price objective on Triumph Group to $25.00 and gave the company a “hold” rating in a report on Friday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $23.36.
Shares of NYSE TGI opened at $21.68 on Monday. Triumph Group has a 1-year low of $11.16 and a 1-year high of $29.60. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 8.57, a P/E/G ratio of 2.63 and a beta of 2.55.
Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Thursday, February 7th. The aerospace company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Triumph Group had a negative return on equity of 149.35% and a negative net margin of 12.41%. The company had revenue of $807.90 million for the quarter, compared to the consensus estimate of $829.37 million. During the same quarter in the prior year, the business earned $0.76 EPS. Triumph Group’s revenue was up 4.2% on a year-over-year basis. As a group, equities analysts expect that Triumph Group will post 1.72 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in Triumph Group by 0.4% during the 3rd quarter. BlackRock Inc. now owns 9,220,956 shares of the aerospace company’s stock worth $214,848,000 after buying an additional 33,491 shares during the last quarter. Towle & Co. grew its stake in Triumph Group by 2.0% during the 3rd quarter. Towle & Co. now owns 2,047,124 shares of the aerospace company’s stock worth $47,698,000 after buying an additional 39,860 shares during the last quarter. Maple Rock Capital Partners Inc. grew its stake in Triumph Group by 5.4% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,465,300 shares of the aerospace company’s stock worth $34,141,000 after buying an additional 75,300 shares during the last quarter. Walthausen & Co. LLC purchased a new position in Triumph Group during the 3rd quarter worth approximately $24,533,000. Finally, Bank of New York Mellon Corp grew its stake in Triumph Group by 8.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 955,395 shares of the aerospace company’s stock worth $22,260,000 after buying an additional 71,514 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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