Price Action Report: Could Triumph Group Inc Change Direction After Today’s Big Increase?

Price Action Report: Could Triumph Group Inc Change Direction After Today's Big Increase?

The stock of Triumph Group Inc (NYSE:TGI) is a huge mover today! About 315,842 shares traded hands. Triumph Group Inc (NYSE:TGI) has declined 10.69% since March 2, 2016 and is downtrending. It has underperformed by 18.94% the S&P500.
The move comes after 7 months positive chart setup for the $1.42B company. It was reported on Oct, 5 by Barchart.com. We have $39.03 PT which if reached, will make NYSE:TGI worth $525.40M more.

Analysts await Triumph Group Inc (NYSE:TGI) to report earnings on October, 26. They expect $0.85 earnings per share, down 35.61% or $0.47 from last year’s $1.32 per share. TGI’s profit will be $42.37 million for 8.38 P/E if the $0.85 EPS becomes a reality. After $1.04 actual earnings per share reported by Triumph Group Inc for the previous quarter, Wall Street now forecasts -18.27% negative EPS growth.

Triumph Group Inc (NYSE:TGI) Ratings Coverage

Out of 11 analysts covering Triumph Group (NYSE:TGI), 6 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 55% are positive. Triumph Group has been the topic of 21 analyst reports since July 30, 2015 according to StockzIntelligence Inc. On Friday, October 2 the stock rating was maintained by Sterne Agee CRT with “Buy”. Bank of America upgraded the stock to “Buy” rating in Monday, February 22 report. The firm has “Buy” rating by Deutsche Bank given on Monday, June 13. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, July 30. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, October 13. RBC Capital Markets maintained the shares of TGI in a report on Friday, January 29 with “Outperform” rating. On Monday, May 9 the stock rating was maintained by Goldman Sachs with “Neutral”.

According to Zacks Investment Research, “Triumph Group Inc. designs, engineers, manufactures, repairs and overhauls aircraft components. The company serves a broad, worldwide spectrum of the aviation industry, including commercial airlines and air cargo carriers, as well as original equipment manufacturers of aircraft and aircraft components. The company also distributes, processes and fabricates metal products.”

Insitutional Activity: The institutional sentiment decreased to 1.17 in 2016 Q2. Its down 0.05, from 1.22 in 2016Q1. The ratio dropped, as 26 funds sold all Triumph Group Inc shares owned while 67 reduced positions. 36 funds bought stakes while 73 increased positions. They now own 45.95 million shares or 4.80% more from 43.84 million shares in 2016Q1.
Private Capital Mngmt Ltd Liability Company accumulated 121,324 shares or 0.63% of the stock. Stifel Corp holds 296,598 shares or 0.05% of its portfolio. Oregon Pub Employees Retirement Fund owns 24,231 shares or 0.02% of their US portfolio. Old Mutual Investors (Uk) Limited accumulated 0.12% or 178,599 shares. Wright Inc last reported 12,360 shares in the company. Sg Americas Secs Limited Liability accumulated 12,713 shares or 0% of the stock. Moreover, Tradewinds Global Ltd Co has 0.56% invested in Triumph Group Inc (NYSE:TGI) for 243,951 shares. Tfs Limited Liability holds 33,688 shares or 0.22% of its portfolio. The Wisconsin-based Skylands Cap Limited Com has invested 0.23% in Triumph Group Inc (NYSE:TGI). Wells Fargo Commerce Mn holds 58,032 shares or 0% of its portfolio. Moreover, Calvert Investment Mngmt has 0.11% invested in Triumph Group Inc (NYSE:TGI) for 61,649 shares. Babson Cap Mngmt Ltd Com last reported 25,000 shares in the company. D E Shaw & Co holds 0.02% or 270,278 shares in its portfolio. Blackrock Fund Advsr reported 2.74M shares or 0.02% of all its holdings. Brandywine Management Ltd Liability Com last reported 406,833 shares in the company.

More notable recent Triumph Group Inc (NYSE:TGI) news were published by: Streetinsider.com which released: “Triumph Group (TGI) Announces Sale of Newport News Subsidiary” on October 04, 2016, also Fool.com with their article: “Is Triumph Group, Inc. Stock a Buy Right Now?” published on March 29, 2016, Fool.com published: “The 3 Biggest Challenges Facing Triumph Group, Inc. Stock” on March 16, 2016. More interesting news about Triumph Group Inc (NYSE:TGI) were released by: Fool.com and their article: “Shares of Triumph Group, Inc. Slide 10% After Mixed Fiscal Third-Quarter Results” published on January 28, 2016 as well as Wsj.com‘s news article titled: “Triumph Group Names Raytheon Executive Daniel Crowley as CEO” with publication date: December 29, 2015.

TGI Company Profile

Triumph Group, Inc. (Triumph), incorporated on March 11, 1993, designs, engineers, makes, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. The Firm serves a spectrum of the aviation industry, including original equipment manufacturers (OEMs) of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers. The Firm offers a range of services and products to the aerospace industry through three divisions: Triumph Aerostructures Group, whose companies are engaged in the design, manufacture, assembly and integration of metallic and composite aerostructures and structural components for the aerospace OEM market; Triumph Aerospace Systems Group, whose companies design, engineer and manufacture a range of build-to-print components, assemblies and systems also for the OEM market, and Triumph Aftermarket Services Group, whose companies serve aircraft fleets, such as commercial airlines, the United States military and cargo carriers, through the maintenance, repair and overhaul (MRO) of aircraft components and accessories manufactured by third parties.

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