T. Rowe Price Associates, Inc. (I.. recently announced the acquisition of new stake in Triumph Group Inc. (NYSE:TGI). The institutional investor has increased its shareholding in the Industrials company by 0.43% to 7.19 million shares with purchase of 30847.0 shares. This fresh investment now brings its stake to 13.85% valued currently at $48.74 million. In addition, SSgA Funds Management, Inc. raised its holdings by 1.32 million to 4.04 million shares. And Renaissance Technologies LLC has lifted its position by 54.48% or 0.69 million shares – to 1.95 million shares.
With over 1.28 million Triumph Group Inc. (TGI) shares trading Monday and a closing price of $7.23 on the day, the dollar volume was approximately $9.22 million. The shares have shown a negative weekly performance of -0.41% and its price on 08/31/20 lost nearly -3.21%. Currently, there are 51.86M common shares owned by the public and among those 51.21M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 11 analysts who have offered their price forecasts for TGI have a consensus price objective of $7.36. The analysts have set the share’s price value over the next 12 months at a high of $18.00 and a low of $2.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Triumph Group Inc. stock is 3.30 for the next 12 months. The average price target is 2.95% above its last price level and an upside to the estimated low will see the stock lose -261.5% over that period. But an upside of 59.83% will see the stock hit the forecast high price target while mean target price for the stock is $7.00.
Insiders at the company have transacted a total of 54 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 35 of these insider trades were purchases, accounting for 238,836 shares. Insider sales of the common stock occurred on 19 occasions, with total insider shares sold totaling 35,485 shares.
The top 3 mutual fund holders in Triumph Group Inc. are T Rowe Price Small Cap Value Fund, iShares Core S&P Small Cap ETF, and SPDR S&P Aerospace & Defense ETF. T Rowe Price Small Cap Value Fund owns 4.6 million shares of the company’s stock, all valued at over $31.19 million. The company sold 25200.0 shares recently to bring their total holdings to about 8.86% of the shares outstanding. iShares Core S&P Small Cap ETF bought 1792.0 shares to see its total holdings expand to 3.01 million shares valued at over $20.4 million and representing 5.80% of the shares outstanding. SPDR S&P Aerospace & Defense ETF now owns shares totaling to 4.37% of the shares outstanding.
Shares of Triumph Group Inc. (NYSE: TGI) opened at $7.41, down -$0.06 from a prior closing price of $7.47. However, the script later closed the day at $7.23, down -3.21%. The company’s stock has a 5-day price change of -0.41% and -15.24% over the past three months. TGI shares are trading -71.39% year to date (YTD), with the 12-month market performance down to -65.21% lower. It has a 12-month low price of $3.02 and touched a high of $29.38 over the same period. Currently, 1.28 million shares have been traded, compared to an average intraday trading volume of 2.15 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.39%, -7.47%, and -48.90% respectively.
Institutional ownership of Triumph Group Inc. (NYSE: TGI) shares accounts for 86.90% of the company’s 51.86M shares outstanding. Mutual fund holders own 4.31%, while other institutional holders and individual stakeholders account for 50.86% and 35.60% respectively.
It has a market capitalization of $363.89M and a beta (3y monthly) value of 2.64. The earnings-per-share (ttm) stands at -$6.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.29% over the week and 7.74% over the month.
Analysts forecast that Triumph Group Inc. (TGI) will achieve an EPS of -$0.28 for the current quarter, -$0.07 for the next quarter and $0.45 for 2022. The lowest estimate earnings-per-share for the quarter is -$1.36 while analysts give the company a high EPS estimate of -$0.03. Comparatively, EPS for the current quarter was $0.64 a year ago. Earnings per share for the fiscal year are expected to increase by 91.40%, and 197.90% over the next financial year. EPS should grow at an annualized rate of -11.44% over the next five years, compared to -16.20% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate Triumph Group Inc. (TGI) as a “Hold” at a consensus score of 3.30. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 6 of the 11 advise that investors “hold,” and 3 rated it as a “Sell.”
Looking at the support for the TGI, a number of firms have released research notes about the stock. JP Morgan stated their Underweight rating for the stock in a research note on August 12, 2020, with the firm’s price target at $10-$8. SunTrust coverage for the Triumph Group Inc. (TGI) stock in a research note released on July 15, 2020 offered a Sell rating with a price target of $5. BofA/Merrill was of a view on March 20, 2020 that the stock is Underperform, while Barclays gave the stock Underweight rating on August 23, 2019, issuing a price target of $23- $20. BofA/Merrill on their part issued Buy rating on February 11, 2019.