Triumph Group’s (TGI) “Hold” Rating Reiterated at Cowen

Cowen reiterated their hold rating on shares of Triumph Group (NYSE:TGI) in a research note released on Thursday, AnalystRatings.com reports. The brokerage currently has a $22.00 price objective on the aerospace company’s stock.

TGI has been the subject of a number of other research reports. Barclays downgraded Triumph Group from an equal weight rating to an underweight rating and reduced their price objective for the company from $23.00 to $20.00 in a research note on Friday, August 23rd. ValuEngine downgraded Triumph Group from a sell rating to a strong sell rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Triumph Group has an average rating of Hold and an average target price of $23.58.

NYSE TGI traded up $1.34 on Thursday, reaching $27.70. The company had a trading volume of 969,131 shares, compared to its average volume of 588,961. The stock has a market capitalization of $1.33 billion, a P/E ratio of 11.12, a P/E/G ratio of 1.88 and a beta of 2.75. The company’s fifty day moving average is $21.85 and its 200 day moving average is $22.02. Triumph Group has a 52-week low of $11.16 and a 52-week high of $28.15.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Thursday, November 7th. The aerospace company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.04. The business had revenue of $772.10 million during the quarter, compared to analyst estimates of $717.39 million. Triumph Group had a negative return on equity of 29.65% and a negative net margin of 6.96%. Triumph Group’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. Sell-side analysts predict that Triumph Group will post 2.54 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in TGI. Nuveen Asset Management LLC bought a new position in Triumph Group in the 2nd quarter valued at $37,854,000. Renaissance Technologies LLC grew its stake in shares of Triumph Group by 118.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,169,100 shares of the aerospace company’s stock worth $26,772,000 after acquiring an additional 632,700 shares during the period. Earnest Partners LLC grew its stake in shares of Triumph Group by 7.7% during the 2nd quarter. Earnest Partners LLC now owns 3,424,243 shares of the aerospace company’s stock worth $78,415,000 after acquiring an additional 246,060 shares during the period. Vanguard Group Inc. grew its stake in shares of Triumph Group by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,379,323 shares of the aerospace company’s stock worth $123,186,000 after acquiring an additional 222,381 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Triumph Group by 56.4% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 603,839 shares of the aerospace company’s stock worth $13,828,000 after acquiring an additional 217,673 shares during the period.

About Triumph Group

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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Analyst Recommendations for Triumph Group (NYSE:TGI)

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