The price of Triumph Group Inc. (NYSE:TGI) shares last traded on Wall Street rose 5.99% to $12.21.
Based on available information, 8 analysts follow Triumph Group Inc. (NYSE:TGI). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $11.00, we find $13.00. Given the previous closing price of $11.52, this indicates a potential upside of 12.85 percent. TGI stock price is now 5.78% away from the 50-day moving average and 11.23% away from the 200-day moving average. The market capitalization of the company currently stands at $803.78M.
Among analysts, 3 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $13.38 as their price target over the next twelve months.
With the price target reduced from $20 to $11, Robert W. Baird Downgraded its rating from Outperform to Neutral for Triumph Group Inc. (NYSE: TGI).
In other news, Keating Neal J, Director bought 10,000 shares of the company’s stock on Mar 13. The stock was bought for $109,300 at an average price of $10.93. Upon completion of the transaction, the Director now directly owns 29,933 shares in the company, valued at $0.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13, Chairman, President and CEO Crowley Daniel J bought 6,018 shares of the business’s stock. A total of $66,258 was incurred on buying the stock at an average price of $11.01. This leaves the insider owning 694,959 shares of the company worth $8.49 million. Insiders disposed of 17,251 shares of company stock worth roughly $0.21 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 NORGES BANK during the first quarter worth $4,653,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $2,343,000 in shares of TGI during the first quarter. In the first quarter, CHATHAM ASSET MANAGEMENT, LLC acquired a new stake in Triumph Group Inc. valued at approximately $1,832,000. TEACHER RETIREMENT SYSTEM OF TEXAS acquired a new stake in TGI for approximately $1,415,000. PRAETORIAN PR LLC purchased a new stake in TGI valued at around $855,000 in the second quarter. In total, there are 253 active investors with 98.30% ownership of the company’s stock.
A candlestick chart of Triumph Group Inc. (NYSE: TGI) showed a price of $11.41 on Monday morning. During the past 12 months, Triumph Group Inc. has had a low of $7.84 and a high of $16.87. According to the stock market information, the enterprise value for the company is $2.28B, which is based on a 8.96 price-to-earnings ratio, a 0.63 price-to-earnings-growth ratio, and a beta of 2.60. The fifty day moving average price for TGI is $11.57 and a two-hundred day moving average price translates $10.99 for the stock.
The latest earnings results from Triumph Group Inc. (NYSE: TGI) was released for Mar, 2023. According to the Aerospace & Defense Company, earnings per share came in at $0.39, beating analysts’ expectations of $0.26 by 0.13. This compares to -$0.16 EPS in the same period last year. The net profit margin was 6.50% and return on equity was -12.00% for TGI. The company reported revenue of $393.29 million for the quarter, compared to $386.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.72 percent. For the current quarter, analysts expect TGI to generate $322.59M 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 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, 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 provides thermo-acoustic insulation systems, environmental control system ducting, and other aircraft interior components. 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. The company was incorporated in 1993 and is headquartered in Radnor, Pennsylvania.
