According to Zacks, “Triumph Group's focus on improving its organic growth has been reasonably strong, based on the addition of products and services as well as expansion of operating capacity. It is conducting vigorous divestiture of its non-core operations to help strengthen the company’s balance sheet. With respect to organic growth, a trend of consistent contract win also plays a crucial role, in boosting a company’s top line. Commercial narrow-body jet remains an important growth platform for Triumph Group, buoyed by increasing global demand for such jets. However, a large portion of Triumph Group’s aftermarket sales comes from third-party repair and overhaul, thus exposing it to tough competition from OEMs. Moreover, volatile energy and commodity prices can put pressure on the company’s margins. Its shares underperformed its industry in past one year.”
A number of other research analysts also recently weighed in on the stock. Bank of America raised shares of Triumph Group from an underperform rating to a buy rating and increased their target price for the company from $20.00 to $35.00 in a research report on Monday, February 11th. Cowen raised shares of Triumph Group from a market perform rating to an outperform rating and increased their target price for the company from $20.00 to $22.00 in a research report on Friday, January 25th. UBS Group raised shares of Triumph Group from a sell rating to a neutral rating and reduced their target price for the company from $19.00 to $14.50 in a research report on Monday, December 17th. Finally, SunTrust Banks raised their price objective on shares of Triumph Group to $25.00 and gave the stock a hold rating in a report on Friday, February 8th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $24.96.
Triumph Group (NYSE:TGI) last released its earnings results on Thursday, February 7th. The aerospace company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. Triumph Group had a negative net margin of 12.41% and a negative return on equity of 149.35%. The firm had revenue of $807.90 million during the quarter, compared to the consensus estimate of $829.37 million. During the same period in the prior year, the firm earned $0.76 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Triumph Group will post 1.72 earnings per share for the current fiscal year.
In related news, Director Joseph Silvestri sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $23.10, for a total value of $508,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 66,853 shares of company stock valued at $1,578,285. 1.50% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. boosted its holdings in Triumph Group by 312.6% in the 4th quarter. Advisor Group Inc. now owns 2,393 shares of the aerospace company’s stock worth $28,000 after buying an additional 1,813 shares during the period. Citigroup Inc. grew its holdings in Triumph Group by 1,567.6% in the 4th quarter. Citigroup Inc. now owns 5,653 shares of the aerospace company’s stock worth $65,000 after acquiring an additional 5,314 shares during the last quarter. Flinton Capital Management LLC grew its holdings in Triumph Group by 18.7% in the 4th quarter. Flinton Capital Management LLC now owns 6,608 shares of the aerospace company’s stock worth $76,000 after acquiring an additional 1,040 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Triumph Group by 7.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 7,204 shares of the aerospace company’s stock worth $83,000 after acquiring an additional 507 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of Triumph Group by 11.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 9,516 shares of the aerospace company’s stock valued at $109,000 after purchasing an additional 977 shares in the last quarter.
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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