Truist Financial Trims Triumph Group (NYSE:TGI) Target Price to $12.00

Triumph Group (NYSE:TGI) had its target price lowered by Truist Financial from $15.00 to $12.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the aerospace company’s stock. Truist Financial’s target price would suggest a potential downside of 19.79% from the stock’s current price.

A number of other equities research analysts also recently issued reports on TGI. Barclays reduced their price objective on shares of Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Jefferies Financial Group reaffirmed a “hold” rating and set a $14.00 price target (down from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. The Goldman Sachs Group downgraded Triumph Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $19.00 to $15.00 in a research note on Tuesday, August 13th. JPMorgan Chase & Co. cut Triumph Group from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $15.00 to $12.00 in a research note on Monday. Finally, Bank of America downgraded shares of Triumph Group from a “buy” rating to an “underperform” rating and cut their price target for the stock from $17.00 to $12.00 in a report on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Triumph Group has an average rating of “Hold” and a consensus target price of $14.78.

Triumph Group Price Performance

Shares of TGI stock traded down $0.03 during trading hours on Friday, reaching $14.96. The company had a trading volume of 74,530 shares, compared to its average volume of 879,179. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 2.25 and a beta of 2.49. Triumph Group has a 12 month low of $7.19 and a 12 month high of $17.87. The business has a fifty day simple moving average of $13.40 and a 200-day simple moving average of $14.30.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. The company had revenue of $281.00 million for the quarter, compared to the consensus estimate of $274.64 million. During the same quarter last year, the business posted ($0.10) earnings per share. Triumph Group’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts expect that Triumph Group will post 0.44 earnings per share for the current year.

Institutional Trading of Triumph Group

Institutional investors have recently modified their holdings of the business. Headlands Technologies LLC bought a new stake in Triumph Group during the 1st quarter valued at $35,000. Quest Partners LLC bought a new stake in shares of Triumph Group during the 2nd quarter valued at $41,000. DekaBank Deutsche Girozentrale purchased a new stake in Triumph Group during the 1st quarter worth about $56,000. Lazard Asset Management LLC boosted its stake in Triumph Group by 98.3% in the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 1,922 shares during the period. Finally, CWM LLC grew its holdings in Triumph Group by 473.7% during the 2nd quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock valued at $79,000 after buying an additional 4,249 shares in the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, 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, cyber protected process controllers, 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.