Stocks of Triumph Group Inc. (NYSE:TGI) traded higher last session on Wall Street, down -24.60% to $9.35.
According to the data, Triumph Group Inc. (NYSE:TGI) has 9 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $19.00 and a low of $11.00, we find $13.50. Given the previous closing price of $12.40, this indicates a potential upside of 8.87 percent. TGI stock price is now -22.37% away from the 50-day moving average and -16.70% away from the 200-day moving average. The market capitalization of the company currently stands at $609.71M.
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A total of 3 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $14.13 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 $0.28 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 $6.5 million. Insiders disposed of 79,089 shares of company stock worth roughly $0.74 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 $3,563,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $1,794,000 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 $1,403,000. PRAETORIAN PR LLC acquired a new stake in TGI for approximately $655,000. OCCUDO QUANTITATIVE STRATEGIES LP purchased a new stake in TGI valued at around $534,000 in the second quarter.
Wednesday’s opening bell rang with an opening price of $10.81 for Triumph Group Inc. (NYSE: TGI). 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 $2.29B, which is based on a 6.86 price-to-earnings ratio, a 0.48 price-to-earnings-growth ratio, and a beta of 2.60. The fifty day moving average price for TGI is $11.99 and a two-hundred day moving average price translates $11.23 for the stock.
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 $322.52M 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.
