Triumph Group (NYSE:TGI) Downgraded by Bank of America

Bank of America lowered shares of Triumph Group (NYSE:TGI) from a buy rating to an underperform rating in a research report sent to investors on Tuesday, MarketBeat Ratings reports. They currently have $12.00 price target on the aerospace company’s stock, down from their prior price target of $17.00.

Several other analysts have also recently commented on TGI. Barclays decreased their target price on 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 restated a hold rating and set a $14.00 price objective (down from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. StockNews.com downgraded Triumph Group from a buy rating to a hold rating in a report on Saturday, June 1st. The Goldman Sachs Group cut shares of Triumph Group from a buy rating to a neutral rating and decreased their price target for the stock from $19.00 to $15.00 in a report on Tuesday, August 13th. Finally, Truist Financial lowered shares of Triumph Group from a buy rating to a hold rating and dropped their price objective for the company from $17.00 to $15.00 in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $15.67.

Triumph Group Trading Down 1.2 %

Shares of TGI opened at $12.62 on Tuesday. The business’s 50-day moving average price is $14.13 and its 200 day moving average price is $14.37. The stock has a market capitalization of $975.90 million, a P/E ratio of 1.90, a P/E/G ratio of 16.21 and a beta of 2.50. Triumph Group has a 1-year low of $7.00 and a 1-year high of $17.87.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $281.00 million for the quarter, compared to analyst estimates of $274.64 million. Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.10) EPS. On average, research analysts predict that Triumph Group will post 0.47 earnings per share for the current year.

Institutional Trading of Triumph Group

A number of institutional investors have recently added to or reduced their stakes in TGI. Headlands Technologies LLC acquired a new position in shares of Triumph Group during the 1st quarter worth $35,000. Quest Partners LLC bought a new stake in Triumph Group in the second quarter worth $41,000. Lazard Asset Management LLC increased its position in Triumph Group by 98.3% during the first quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock worth $58,000 after buying an additional 1,922 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Triumph Group during the first quarter valued at about $56,000. Finally, CWM LLC lifted its position in shares of Triumph Group by 473.7% in the second quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock worth $79,000 after buying an additional 4,249 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Triumph Group Company Profile

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.