Triumph Group (NYSE:TGI) Upgraded to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Triumph Group (NYSE:TGI) from an underweight rating to a neutral rating in a research report report published on Monday, Marketbeat.com reports. They currently have $17.00 target price on the aerospace company’s stock, up from their prior target price of $13.00.

Several other analysts have also recently issued reports on the stock. Barclays raised shares of Triumph Group from an equal weight rating to an overweight rating and set a $20.00 price objective for the company in a research note on Friday, January 5th. The Goldman Sachs Group began coverage on shares of Triumph Group in a report on Wednesday, March 20th. They set a buy rating and a $18.00 target price on the stock. Bank of America upgraded shares of Triumph Group from an underperform rating to a buy rating and lifted their target price for the company from $9.00 to $21.00 in a report on Thursday, January 25th. Truist Financial lifted their target price on shares of Triumph Group from $17.00 to $27.00 and gave the company a buy rating in a report on Wednesday, January 10th. Finally, Robert W. Baird upgraded shares of Triumph Group from a neutral rating to an outperform rating and lifted their target price for the company from $13.00 to $20.00 in a report on Tuesday, January 16th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Triumph Group currently has a consensus rating of Moderate Buy and an average price target of $19.63.

Triumph Group Stock Performance

TGI stock opened at $12.94 on Monday. The stock has a market capitalization of $994.70 million, a P/E ratio of -19.03, a PEG ratio of 7.80 and a beta of 2.58. Triumph Group has a one year low of $7.00 and a one year high of $17.27. The company has a 50 day moving average price of $14.24 and a two-hundred day moving average price of $12.71.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Wednesday, February 7th. The aerospace company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.30). Triumph Group had a negative net margin of 3.49% and a negative return on equity of 2.15%. The company had revenue of $285.00 million for the quarter, compared to analysts’ expectations of $367.96 million. During the same period in the prior year, the firm earned $0.12 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Research analysts forecast that Triumph Group will post -0.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Neal J. Keating acquired 7,200 shares of the business’s stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $14.53 per share, for a total transaction of $104,616.00. Following the acquisition, the director now directly owns 58,987 shares of the company’s stock, valued at approximately $857,081.11. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Triumph Group

A number of institutional investors have recently modified their holdings of TGI. Keeley Teton Advisors LLC lifted its stake in Triumph Group by 0.6% during the fourth quarter. Keeley Teton Advisors LLC now owns 120,877 shares of the aerospace company’s stock valued at $2,004,000 after purchasing an additional 721 shares during the last quarter. Credit Suisse AG increased its stake in shares of Triumph Group by 1.0% during the 2nd quarter. Credit Suisse AG now owns 73,758 shares of the aerospace company’s stock worth $980,000 after purchasing an additional 752 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Triumph Group by 8.8% during the 4th quarter. First Trust Advisors LP now owns 12,352 shares of the aerospace company’s stock worth $205,000 after purchasing an additional 1,002 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Triumph Group by 5.9% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 20,420 shares of the aerospace company’s stock worth $253,000 after purchasing an additional 1,141 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Triumph Group by 0.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 250,975 shares of the aerospace company’s stock valued at $2,640,000 after buying an additional 1,263 shares during the last quarter. Institutional investors and hedge funds own 94.53% of the company’s stock.

About Triumph Group

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.