Triumph Group (NYSE:TGI) Price Target Lowered to $22.00 at Truist Financial

Triumph Group (NYSE:TGI) had its price target trimmed by Truist Financial from $27.00 to $22.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a buy rating on the aerospace company’s stock.

TGI has been the topic of several other research reports. JPMorgan Chase & Co. raised Triumph Group from an underweight rating to a neutral rating and upped their price objective for the stock from $13.00 to $17.00 in a report on Monday, April 15th. Bank of America upgraded Triumph Group from an underperform rating to a buy rating and boosted their price objective for the stock from $9.00 to $21.00 in a report on Thursday, January 25th. Wolfe Research upgraded shares of Triumph Group from a peer perform rating to an outperform rating and set a $18.00 price objective for the company in a research report on Thursday, March 28th. Finally, The Goldman Sachs Group boosted their price objective on shares of Triumph Group from $18.00 to $20.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Triumph Group has a consensus rating of Moderate Buy and an average target price of $19.00.

Triumph Group Stock Performance

Shares of TGI stock traded up $0.72 during trading hours on Friday, reaching $13.98. The company had a trading volume of 1,463,377 shares, compared to its average volume of 798,008. Triumph Group has a twelve month low of $7.00 and a twelve month high of $17.27. The stock’s fifty day simple moving average is $14.04 and its 200 day simple moving average is $13.89. The company has a market capitalization of $1.07 billion, a P/E ratio of 2.11, a price-to-earnings-growth ratio of 18.57 and a beta of 2.55.

Triumph Group (NYSE:TGI) last announced its earnings results on Thursday, May 23rd. The aerospace company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.19. The firm had revenue of $358.60 million for the quarter, compared to the consensus estimate of $341.95 million. Triumph Group had a negative return on equity of 0.78% and a net margin of 39.09%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 EPS. As a group, equities analysts expect that Triumph Group will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On Triumph Group

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Triumph Group by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,021,354 shares of the aerospace company’s stock worth $116,414,000 after purchasing an additional 110,375 shares during the period. Maple Rock Capital Partners Inc. grew its holdings in shares of Triumph Group by 29.5% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 2,667,178 shares of the aerospace company’s stock worth $20,431,000 after purchasing an additional 606,989 shares in the last quarter. Vision One Management Partners LP bought a new position in Triumph Group in the 4th quarter valued at $34,587,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Triumph Group during the first quarter worth $13,542,000. Finally, New York State Common Retirement Fund boosted its position in shares of Triumph Group by 18.4% during the third quarter. New York State Common Retirement Fund now owns 808,042 shares of the aerospace company’s stock worth $6,190,000 after buying an additional 125,498 shares during the period. Hedge funds and other institutional investors own 94.53% of the company’s stock.

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.