The stock of Triumph Group Inc. (NYSE:TGI) last traded at $9.98, up 7.31% from the previous session.
Data from the available sources indicates that Triumph Group Inc. (NYSE:TGI) is covered by 9 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $9.00, we find $14.00. Given the previous closing price of $9.30, this indicates a potential upside of 50.54 percent. TGI stock price is now -6.23% away from the 50-day moving average and -32.96% away from the 200-day moving average. The market capitalization of the company currently stands at $651.39M.
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In total, 2 analysts have assigned it a hold rating, and 3 have given it a buy rating. Brokers who have rated the stock have averaged $15.11 as their price target over the next twelve months.
With the price target of $9, Wolfe Research recently initiated with Underperform rating for Triumph Group Inc. (NYSE: TGI). On February 14, 2022, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $20 to quote $26, while ‘UBS’ rates the stock as ‘Buy’.
In other news, Keating Neal J, Director bought 8,000 shares of the company’s stock on May 27. The stock was bought for $123,760 at an average price of $15.47. Upon completion of the transaction, the Director now directly owns 9,080 shares in the company, valued at $90618.4. Insiders disposed of 143,208 shares of company stock worth roughly $1.43 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TGI stock. A new stake in Triumph Group Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $87,341,000. NATIONAL BANK OF CANADA /FI/ invested $1,118,000 in shares of TGI during the first quarter. In the first quarter, XTX TOPCO LTD acquired a new stake in Triumph Group Inc. valued at approximately $416,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in TGI for approximately $288,000. DARK FOREST CAPITAL MANAGEMENT LP purchased a new stake in TGI valued at around $18,000 in the second quarter. In total, there are 254 active investors with 98.30% ownership of the company’s stock.
With an opening price of $9.38 on Thursday morning, Triumph Group Inc. (NYSE: TGI) set off the trading day. During the past 12 months, Triumph Group Inc. has had a low of $7.84 and a high of $27.85. The fifty day moving average price for TGI is $10.64 and a two-hundred day moving average price translates $14.89 for the stock.
The latest earnings results from Triumph Group Inc. (NYSE: TGI) was released for Jun, 2022. According to the Aerospace & Defense Company, earnings per share came in at $0.12, beating analysts’ expectations of $0.1 by 0.02. This compares to -$0.14 EPS in the same period last year. The net profit margin was 6.80% and return on equity was -12.00% for TGI. The company reported revenue of $307.6 million for the quarter, compared to $357.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.93 percent. For the current quarter, analysts expect TGI to generate $297.87M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/16/2020. Investors who held shares on 03/02/2020 were paid a $0.04 dividend.
Triumph Group Inc.(TGI) Company Profile
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 Aerospace Structures. 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. It also designs, manufactures, and repairs composite and metal bonding, flight control surfaces, engine nacelles, empennages, wing flaps, acoustic and thermal insulation systems, and composite ducts and floor panels, as well as provides integrated testing and certification services; and fuselage panels, horizontal and vertical tails, and floor grids. In addition, the company offers air cycle machines, blades and vanes, auxiliary power units, constant speed drives, combustors, engine and airframe accessories, stators, flight control surfaces, transition ducts, integrated drive generators, sidewalls, nacelles, light assemblies, remote sensors, overhead bins, thrust reversers, and fuel bladder cells, as well as cabin panes, shades, light lenses, and other components. It serves original equipment manufacturers of commercial, regional, and military aircraft; and aircraft components, as well as business jets and regional airlines, and air cargo carriers. Triumph Group, Inc. was incorporated in 1993 and is headquartered in Berwyn, Pennsylvania.
