Triumph Group (NYSE:TGI) PT Set at $39.00 by Royal Bank Of Canada

Triumph Group (NYSE:TGI) has been assigned a $39.00 price target by equities researchers at Royal Bank Of Canada in a research note issued to investors on Wednesday, November 15th. The firm presently has a “buy” rating on the aerospace company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 36.36% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird reissued a “buy” rating and set a $34.00 price objective on shares of Triumph Group in a research note on Friday, September 8th. TheStreet raised shares of Triumph Group from a “d+” rating to a “c-” rating in a report on Wednesday, July 26th. Jefferies Group reissued a “hold” rating and set a $30.00 price objective on shares of Triumph Group in a report on Friday, September 29th. BidaskClub raised shares of Triumph Group from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Finally, Canaccord Genuity reissued a “hold” rating and set a $34.00 price objective on shares of Triumph Group in a report on Thursday, July 20th. Three analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $33.11.

Triumph Group (NYSE:TGI) traded down $0.90 during mid-day trading on Wednesday, hitting $28.60. 680,287 shares of the company’s stock were exchanged, compared to its average volume of 781,164. Triumph Group has a 12-month low of $19.65 and a 12-month high of $34.80. The stock has a market capitalization of $1,440.00, a PE ratio of 6.07, a price-to-earnings-growth ratio of 0.72 and a beta of 1.75. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.87 and a quick ratio of 0.42.

Triumph Group (NYSE:TGI) last announced its earnings results on Wednesday, November 8th. The aerospace company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.20. Triumph Group had a negative net margin of 3.18% and a positive return on equity of 27.18%. The firm had revenue of $745.16 million for the quarter, compared to analyst estimates of $787.90 million. During the same quarter in the previous year, the firm posted $1.00 EPS. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. research analysts expect that Triumph Group will post 2.48 EPS for the current fiscal year.

In related news, CEO Daniel J. Crowley sold 78,900 shares of Triumph Group stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $31.35, for a total value of $2,473,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Silvestri sold 34,162 shares of Triumph Group stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $30.31, for a total transaction of $1,035,450.22. Following the completion of the sale, the director now owns 109,078 shares of the company’s stock, valued at $3,306,154.18. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its position in Triumph Group by 13,862.7% during the 1st quarter. BlackRock Inc. now owns 7,517,512 shares of the aerospace company’s stock worth $193,578,000 after buying an additional 7,463,672 shares during the last quarter. Vanguard Group Inc. increased its holdings in Triumph Group by 20.1% in the 1st quarter. Vanguard Group Inc. now owns 5,258,989 shares of the aerospace company’s stock worth $135,419,000 after acquiring an additional 880,074 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Triumph Group by 11.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,874,646 shares of the aerospace company’s stock worth $85,522,000 after acquiring an additional 300,883 shares in the last quarter. LSV Asset Management increased its holdings in Triumph Group by 1.2% in the 2nd quarter. LSV Asset Management now owns 2,493,262 shares of the aerospace company’s stock worth $78,787,000 after acquiring an additional 29,500 shares in the last quarter. Finally, Towle & Co. increased its holdings in Triumph Group by 3.7% in the 3rd quarter. Towle & Co. now owns 1,176,336 shares of the aerospace company’s stock worth $34,996,000 after acquiring an additional 42,214 shares in the last quarter. 99.77% of the stock is owned by institutional investors.

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