Triumph Group (TGI) Raised to “Hold” at Zacks Investment Research

Triumph Group (NYSE:TGI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.

According to Zacks, “Triumph Group ended the third quarter of fiscal 2019 on a mixed note. While its earnings surpassed the Zacks Consensus Estimate, revenues failed to meet the consensus mark. The company’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. The company’s shares outperformed its industry in past one month. 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. With the current U.S. economy being in favor of expanding interest rate, the credit market may not turn out to be much favorable for Triumph Group.”

Several other equities research analysts also recently weighed in on TGI. SunTrust Banks increased their price target on Triumph Group to $25.00 and gave the stock a “hold” rating in a report on Friday. Cowen downgraded Triumph Group from an “outperform” rating to a “market perform” rating and set a $22.15 price target on the stock. in a report on Monday. Bank of America upgraded Triumph Group from an “underperform” rating to a “buy” rating and increased their price target for the stock from $20.00 to $35.00 in a report on Monday. ValuEngine downgraded Triumph Group from a “buy” rating to a “hold” rating in a report on Thursday, December 13th. Finally, UBS Group upgraded Triumph Group from a “sell” rating to a “neutral” rating and reduced their price target for the stock from $19.00 to $14.50 in a report on Monday, December 17th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Triumph Group currently has a consensus rating of “Hold” and an average price target of $24.95.

Triumph Group stock traded up $0.84 during midday trading on Monday, reaching $22.52. 35,072 shares of the stock traded hands, compared to its average volume of 869,221. Triumph Group has a 12 month low of $11.16 and a 12 month high of $29.60. The firm has a market cap of $1.08 billion, a PE ratio of 8.91, a PEG ratio of 2.63 and a beta of 2.55.

Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Thursday, February 7th. The aerospace company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Triumph Group had a negative return on equity of 149.35% and a negative net margin of 12.41%. The company had revenue of $807.90 million during the quarter, compared to analyst estimates of $829.37 million. During the same period in the prior year, the company earned $0.76 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts predict that Triumph Group will post 1.72 earnings per share for the current year.

A number of large investors have recently made changes to their positions in TGI. Raymond James Trust N.A. boosted its position in Triumph Group by 13.4% during the 4th quarter. Raymond James Trust N.A. now owns 15,192 shares of the aerospace company’s stock valued at $175,000 after acquiring an additional 1,792 shares in the last quarter. Riverhead Capital Management LLC boosted its position in Triumph Group by 44.5% during the 3rd quarter. Riverhead Capital Management LLC now owns 8,771 shares of the aerospace company’s stock valued at $204,000 after acquiring an additional 2,700 shares in the last quarter. FMR LLC boosted its position in Triumph Group by 16.4% during the 3rd quarter. FMR LLC now owns 21,310 shares of the aerospace company’s stock valued at $497,000 after acquiring an additional 3,000 shares in the last quarter. Hanson & Doremus Investment Management boosted its position in Triumph Group by 10.7% during the 3rd quarter. Hanson & Doremus Investment Management now owns 37,028 shares of the aerospace company’s stock valued at $863,000 after acquiring an additional 3,577 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in Triumph Group by 6.2% during the 4th quarter. Arizona State Retirement System now owns 76,745 shares of the aerospace company’s stock valued at $883,000 after acquiring an additional 4,486 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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