Triumph Group (NYSE:TGI) Stock Rating Lowered by JPMorgan Chase & Co.

Triumph Group (NYSE:TGI) was downgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research report issued to clients and investors on Monday, MarketBeat.com reports. They currently have a $12.00 price target on the aerospace company’s stock, down from their prior price target of $15.00. JPMorgan Chase & Co.‘s price objective points to a potential downside of 20.00% from the stock’s previous close.

Several other research firms have also issued reports on TGI. Truist Financial lowered Triumph Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $17.00 to $15.00 in a research note on Wednesday, August 21st. The Goldman Sachs Group lowered Triumph Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $19.00 to $15.00 in a research note on Tuesday, August 13th. Bank of America lowered Triumph Group from a “buy” rating to an “underperform” rating and lowered their target price for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. Barclays lowered their target price on Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $14.00 target price (down from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.11.

Triumph Group Price Performance

Shares of TGI stock opened at $15.00 on Monday. The stock has a market cap of $1.16 billion, a P/E ratio of 2.26 and a beta of 2.49. Triumph Group has a one year low of $7.19 and a one year high of $17.87. The stock has a fifty day moving average price of $13.33 and a 200 day moving average price of $14.28.

Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Triumph Group had a negative return on equity of 1.77% and a net margin of 40.39%. The company had revenue of $281.00 million for the quarter, compared to analyst estimates of $274.64 million. During the same quarter in the prior year, the company earned ($0.10) earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that Triumph Group will post 0.44 EPS for the current year.

Institutional Trading of Triumph Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Triumph Group by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 7,021,354 shares of the aerospace company’s stock worth $116,414,000 after buying an additional 110,375 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in Triumph Group by 12.5% during the second quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company’s stock worth $23,372,000 after buying an additional 168,607 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Triumph Group by 12.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,054,841 shares of the aerospace company’s stock worth $16,254,000 after buying an additional 116,900 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Triumph Group by 6.4% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 958,100 shares of the aerospace company’s stock worth $14,764,000 after buying an additional 57,700 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Triumph Group by 11.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 698,712 shares of the aerospace company’s stock valued at $10,767,000 after purchasing an additional 70,500 shares in the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, 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, cyber protected process controllers, 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.