JPMorgan Chase & Co. Upgrades Triumph Group (NYSE:TGI) to “Neutral”

JPMorgan Chase & Co. upgraded shares of Triumph Group (NYSE:TGI) from an underweight rating to a neutral rating in a research report report published on Monday morning, Marketbeat reports. JPMorgan Chase & Co. currently has $17.00 target price on the aerospace company’s stock, up from their previous target price of $13.00.

A number of other research analysts have also commented on the stock. Wolfe Research upgraded shares of Triumph Group from a peer perform rating to an outperform rating and set a $18.00 price target for the company in a research report on Thursday, March 28th. Robert W. Baird upgraded shares of Triumph Group from a neutral rating to an outperform rating and boosted their price target for the company from $13.00 to $20.00 in a research report on Tuesday, January 16th. Barclays upgraded shares of Triumph Group from an equal weight rating to an overweight rating and set a $20.00 price target for the company in a research report on Friday, January 5th. Bank of America upgraded shares of Triumph Group from an underperform rating to a buy rating and boosted their price target for the company from $9.00 to $21.00 in a research report on Thursday, January 25th. Finally, The Goldman Sachs Group started coverage on shares of Triumph Group in a research report on Wednesday, March 20th. They set a buy rating and a $18.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $19.63.

Triumph Group Price Performance

Shares of TGI stock opened at $13.00 on Monday. The company’s fifty day simple moving average is $14.28 and its two-hundred day simple moving average is $12.71. Triumph Group has a 1 year low of $7.00 and a 1 year high of $17.27. The stock has a market capitalization of $999.31 million, a price-to-earnings ratio of -19.12, a PEG ratio of 7.84 and a beta of 2.58.

Triumph Group (NYSE:TGI) last issued its earnings results on Wednesday, February 7th. The aerospace company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.30). Triumph Group had a negative net margin of 3.49% and a negative return on equity of 2.15%. The business had revenue of $285.00 million for the quarter, compared to the consensus estimate of $367.96 million. During the same period in the previous year, the firm earned $0.12 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. Equities research analysts anticipate that Triumph Group will post -0.43 EPS for the current year.

Insider Activity

In related news, Director Neal J. Keating bought 7,200 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $14.53 per share, for a total transaction of $104,616.00. Following the completion of the acquisition, the director now owns 58,987 shares of the company’s stock, valued at approximately $857,081.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TGI. UBS Group AG raised its position in shares of Triumph Group by 112.9% during the 3rd quarter. UBS Group AG now owns 3,202 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 1,698 shares during the period. Signaturefd LLC boosted its stake in shares of Triumph Group by 298.4% during the 4th quarter. Signaturefd LLC now owns 2,506 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 1,877 shares during the period. Fifth Third Bancorp boosted its stake in shares of Triumph Group by 1,980.2% during the 3rd quarter. Fifth Third Bancorp now owns 6,303 shares of the aerospace company’s stock worth $48,000 after purchasing an additional 6,000 shares during the period. Point72 Hong Kong Ltd bought a new stake in Triumph Group during the 2nd quarter valued at about $53,000. Finally, Captrust Financial Advisors lifted its holdings in Triumph Group by 141.0% during the 1st quarter. Captrust Financial Advisors now owns 2,902 shares of the aerospace company’s stock valued at $73,000 after buying an additional 1,698 shares in the last quarter. 94.53% of the stock is currently owned by institutional investors.

About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. It operates in two segments, Triumph Systems & Support, and Triumph Interiors. The company offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, control system valve bodies, landing gear actuation systems, electronic engine controls, landing gear components and assemblies, exhaust nozzles and ducting, main engine gearbox assemblies, geared transmissions and drive train components, main fuel pumps, fuel-metering units, primary and secondary flight control systems, and vibration absorbers.