Triumph Group Inc. (NYSE:TGI) has a beta value of 2.67 and has seen 1.04 million shares traded in the last trading session. The company, currently valued at $660.11M, closed the last trade at $10.64 per share which meant it gained $0.43 on the day or 4.21% during that session. The TGI stock price is -161.75% off its 52-week high price of $27.85 and 26.32% above the 52-week low of $7.84. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.89 million shares traded. The 3-month trading volume is 953.37K shares.
The consensus among analysts is that Triumph Group Inc. (TGI) is a Hold stock at the moment, with a recommendation rating of 2.90. 3 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 9 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight.
Triumph Group Inc. (NYSE:TGI) trade information
Sporting 4.21% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the TGI stock price touched $10.64 or saw a rise of 0.56%. Year-to-date, Triumph Group Inc. shares have moved 1.14%, while the 5-day performance has seen it change 6.83%. Over the past 30 days, the shares of Triumph Group Inc. (NYSE:TGI) have changed 0.28%. Short interest in the company has seen 4.99 million shares shorted with days to cover at 5.92.
Wall Street analysts have a consensus price target for the stock at $13.11, which means that the shares’ value could jump 18.84% from current levels. The projected low price target is $9.00 while the price target rests at a high of $19.00. In that case, then, we find that the current price level is -78.57% off the targeted high while a plunge would see the stock lose 15.41% from current levels.
Triumph Group Inc. (TGI) estimates and forecasts
Figures show that Triumph Group Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -28.83% over the past 6 months, with this year growth rate of -35.44%, compared to 0.50% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -100.00% and -66.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be -11.60%.
8 analysts offering their estimates for the company have set an average revenue estimate of $297.87 million for the current quarter. 8 have an estimated revenue figure of $305.25 million for the next quarter concluding in Dec 2022.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 5.30% over the past 5 years. Earnings growth for 2023 is a modest 92.30% while over the next 5 years, the company’s earnings are expected to increase by 14.30%.
Triumph Group Inc. is expected to release its next earnings report between February 07 and February 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Triumph Group Inc. (NYSE:TGI)’s Major holders
Insiders own 1.70% of the company shares, while shares held by institutions stand at 96.64% with a share float percentage of 98.31%. Investors are also buoyed by the number of investors in a company, with Triumph Group Inc. having a total of 254 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 10.38 million shares worth more than $137.9 million. As of Jun 29, 2022, Blackrock Inc. held 15.97% of shares outstanding.
The other major institutional holder is Price (T.Rowe) Associates Inc, with the holding of over 8.76 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $116.46 million and represent 13.49% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Price (T.Rowe) Small-Cap Value Fund and iShares Core S&P Smallcap ETF. As of Jun 29, 2022, the former fund manager holds about 8.35% shares in the company for having 5.42 million shares of worth $72.08 million while later fund manager owns 3.87 million shares of worth $33.26 million as of Sep 29, 2022, which makes it owner of about 5.96% of company’s outstanding stock.