Zacks Investment Research Upgrades Triumph Group (TGI) to Hold

Triumph Group (NYSE:TGI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Saturday. The brokerage presently has a $32.00 price objective on the aerospace company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 9.97% from the company’s current price.

According to Zacks, “Triumph Group’s focus on driving organic growth has been reasonably strong based on the addition of products and services, expansion of operating capacity and marketing of a range of products. The company is committed on enhancing shareholder value through a systematic share repurchase program and payment of dividends at regular intervals. Triumph Group’s planned divestitures of non-core operating companies are progressing towards completion in fiscal 2018. However, a large percentage of Triumph Group’s aftermarket sales come from third-party repair and overhaul thus exposing it to tough competition from OEMs as well as third-party organizations. Further, Triumph Group underperformed the broader industry over the last year. The company’s performance also depends largely on the orders of defense majors like Boeing.”

A number of other research firms also recently commented on TGI. Jefferies Group reiterated a “hold” rating and issued a $30.00 price objective on shares of Triumph Group in a report on Friday, September 29th. Royal Bank of Canada set a $39.00 price objective on Triumph Group and gave the company a “buy” rating in a report on Wednesday, November 15th. Cowen reiterated a “hold” rating and issued a $30.00 price objective on shares of Triumph Group in a report on Thursday, November 9th. TheStreet downgraded Triumph Group from a “c-” rating to a “d+” rating in a report on Wednesday, December 27th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $34.00 price objective on shares of Triumph Group in a report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $33.00.

Triumph Group (NYSE TGI) opened at $29.10 on Friday. Triumph Group has a 1-year low of $19.65 and a 1-year high of $34.80. The company has a market capitalization of $1,440.00, a PE ratio of -13.66, a PEG ratio of 0.70 and a beta of 1.76. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.87 and a quick ratio of 0.42.

Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.20. Triumph Group had a positive return on equity of 27.18% and a negative net margin of 3.18%. The business had revenue of $745.16 million for the quarter, compared to the consensus estimate of $787.90 million. During the same quarter in the prior year, the business posted $1.00 EPS. The business’s revenue for the quarter was down 14.8% on a year-over-year basis. sell-side analysts forecast that Triumph Group will post 2.51 earnings per share for the current year.

In related news, CEO Daniel J. Crowley sold 78,900 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $31.35, for a total value of $2,473,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Silvestri sold 34,162 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $30.31, for a total value of $1,035,450.22. Following the completion of the sale, the director now directly owns 109,078 shares of the company’s stock, valued at $3,306,154.18. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. UBS Asset Management Americas Inc. lifted its position in Triumph Group by 3.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 42,588 shares of the aerospace company’s stock worth $1,346,000 after acquiring an additional 1,226 shares during the period. Riverhead Capital Management LLC lifted its position in Triumph Group by 56.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock worth $119,000 after acquiring an additional 1,363 shares during the period. Thrivent Financial For Lutherans lifted its position in Triumph Group by 6.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 29,880 shares of the aerospace company’s stock worth $944,000 after acquiring an additional 1,790 shares during the period. Sei Investments Co. lifted its position in Triumph Group by 35.6% during the 3rd quarter. Sei Investments Co. now owns 7,160 shares of the aerospace company’s stock worth $214,000 after acquiring an additional 1,881 shares during the period. Finally, TD Asset Management Inc. lifted its position in Triumph Group by 10.1% during the 3rd quarter. TD Asset Management Inc. now owns 22,900 shares of the aerospace company’s stock worth $681,000 after acquiring an additional 2,100 shares during the period.

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Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aircraft components, accessories, subassemblies and systems. The Company offers a range of products and services to the aerospace industry through three segments: Triumph Aerostructures Group, whose companies are engaged in the design, manufacture, assembly and integration of metallic and composite aerostructures and structural components for the aerospace original equipment manufacturer (OEM) market; Triumph Aerospace Systems Group, whose companies design, engineer and manufacture a range of build-to-print components, assemblies and systems also for the OEM market, and Triumph Aftermarket Services Group, whose companies serve aircraft fleets, such as commercial airlines, the United States military and cargo carriers, through the maintenance, repair and overhaul (MRO) of aircraft components and accessories manufactured by third parties.

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