Triumph Group Inc (NYSE:TGI)’s share price traded up 5.9% during mid-day trading on Thursday . The stock traded as high as $20.95 and last traded at $20.92. 1,700,584 shares traded hands during mid-day trading, an increase of 96% from the average session volume of 869,561 shares. The stock $19.76.
Several equities analysts have issued reports on the company. Cowen reiterated a “buy” rating and issued a $22.00 price objective on shares of Triumph Group in a research report on Thursday. Zacks Investment Research downgraded Triumph Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 10th. UBS Group upgraded Triumph Group from a “sell” rating to a “neutral” rating and cut their price objective for the company from $19.00 to $14.50 in a research report on Monday, December 17th. Finally, ValuEngine downgraded Triumph Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $23.07.
Get Triumph Group alerts: The stock has a market cap of $956.83 million, a PE ratio of 8.27, a price-to-earnings-growth ratio of 2.46 and a beta of 2.55.
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, hitting analysts’ consensus estimates of $0.42. The company had revenue of $807.90 million during the quarter, compared to the consensus estimate of $829.37 million. Triumph Group had a positive return on equity of 68.14% and a negative net margin of 14.98%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 earnings per share. Research analysts predict that Triumph Group Inc will post 1.62 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in TGI. Millennium Management LLC bought a new stake in shares of Triumph Group during the second quarter worth $5,857,000. Bank of New York Mellon Corp raised its position in shares of Triumph Group by 5.9% during the second quarter. Bank of New York Mellon Corp now owns 883,881 shares of the aerospace company’s stock worth $17,323,000 after acquiring an additional 49,400 shares during the last quarter. MainStreet Investment Advisors LLC bought a new stake in shares of Triumph Group during the third quarter worth $234,000. IMA Wealth Inc. raised its position in shares of Triumph Group by 10.4% during the third quarter. IMA Wealth Inc. now owns 147,498 shares of the aerospace company’s stock worth $3,437,000 after acquiring an additional 13,860 shares during the last quarter. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Triumph Group during the third quarter worth $4,944,000.
WARNING: “Triumph Group (TGI) Trading 5.9% Higher” was originally posted the sole property of of reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://theolympiareport.com/2019/02/07/triumph-group-tgi-trading-5-9-higher.html. Triumph Group Company Profile ( NYSE:TGI )
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.
Featured Story: Swap