Triumph Group (NYSE:TGI) Receives “Sell” Rating from Barclays

Barclays reissued their sell rating on shares of Triumph Group (NYSE:TGI) in a research note issued to investors on Monday, AnalystRatings.com reports.

Several other analysts have also recently commented on the company. Bank of America cut Triumph Group from a buy rating to a sell rating and set a $5.00 target price on the stock. in a research report on Friday, March 20th. Canaccord Genuity reiterated a hold rating and set a $28.00 price target on shares of Triumph Group in a research report on Friday, February 7th. Finally, ValuEngine cut Triumph Group from a hold rating to a sell rating in a research report on Wednesday, March 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Triumph Group has an average rating of Hold and a consensus price target of $20.00.

TGI traded up $2.02 during trading hours on Monday, hitting $8.39. The company’s stock had a trading volume of 2,143,300 shares, compared to its average volume of 734,053. Triumph Group has a fifty-two week low of $3.02 and a fifty-two week high of $29.38. The firm has a market capitalization of $267.54 million, a PE ratio of -2.73, a PEG ratio of 0.83 and a beta of 2.65. The company has a 50-day simple moving average of $16.79 and a 200 day simple moving average of $22.45.

Triumph Group (NYSE:TGI) last posted its earnings results on Thursday, February 6th. The aerospace company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.66 by $0.03. Triumph Group had a negative return on equity of 26.30% and a negative net margin of 4.96%. The firm had revenue of $704.70 million for the quarter, compared to analysts’ expectations of $682.32 million. During the same period last year, the firm earned $0.42 EPS. The firm’s revenue was down 12.8% compared to the same quarter last year. Equities analysts expect that Triumph Group will post 2.39 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Friday, February 28th. Triumph Group’s dividend payout ratio (DPR) is presently 6.43%.

Several hedge funds have recently modified their holdings of TGI. First Bank & Trust increased its position in shares of Triumph Group by 356.5% during the 4th quarter. First Bank & Trust now owns 2,059 shares of the aerospace company’s stock valued at $52,000 after purchasing an additional 1,608 shares during the period. NEXT Financial Group Inc increased its position in shares of Triumph Group by 380.8% during the 4th quarter. NEXT Financial Group Inc now owns 2,428 shares of the aerospace company’s stock valued at $61,000 after purchasing an additional 1,923 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Triumph Group by 188.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,321 shares of the aerospace company’s stock valued at $76,000 after purchasing an additional 2,171 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Triumph Group by 57.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,278 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 1,561 shares during the period. Finally, ProShare Advisors LLC acquired a new position in shares of Triumph Group during the 4th quarter valued at $205,000.

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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