Triumph Group: Hidden Assets And Major Upcoming Catalyst
Shaun Currie, CFA
Shaun Currie, CFA
Triumph Group: Execution Issues Subsiding Present Upside Potential
Alpha Gen Capital
Alpha Gen Capital
Thu, Jul. 28, 12:59 PM
Thu, Jul. 28, 6:14 AM
Wed, Jul. 27, 5:30 PM
- AB, ABMD, ACIW, ACOR, ADP, AEP, ALKS, ALLE, ALXN, AMT, APD, ARIA, AZN, BC, BCC, BCO, BCOR, BEN, BG, BGCP, BHI, BMS, BMY, BSX, BWA, BWEN, BZH, CAB, CBG, CBM, CELG, CFX, CIT, CL, CLF, CLFD, CME, CMS, COMM, COP, COR, CRR, CRS, CS, CSH, CVI, CVRR, CWT, DBD, DFT, DLX, DOW, DSX, EME, EPD, EQM, EQT, EXLS, F, FCFS, FCN, FI, FIG, FITB, FLY, FSS, GLOP, GNC, GOV, GPI, GPN, GRUB, GTLS, HCA, HEES, HOG, HP, HSY, HTH, IART, IDA, IGT, INCR, INGR, IP, IPGP, IRDM, ITC, ITG, IVC, IVZ, KEM, LAD, LAZ, LDOS, LEA, LKQ, LLL, LPG, MA, MCS, MD, MDP, MDWD, MINI, MITK, MJN, MKTX, MMC, MNRO, MPC, MPLX, MSCI, MTH, MTRN, MVIS, NAP, NEWM, NICE, NMR, NOV, NTCT, NYT, OAK, ODFL, ORI, OSK, PAG, PCG, PES, PF, PJC, PNR, POT, PRLB, PTEN, PX, RDN, RDS.A, RPM, RTN, SCG, SEE, SERV, SFE, SPB, SPGI, SQBG, SQNS, STNG, SXC, SXCP, TCK, TFX, TGI, THRM, TKR, TMO, TPX, TREE, TRI, TZOO, UAN, UBSI, UTHR, VC, VGR, VIVO, VNTV, WCC, WILN, WRLD, WST, WWE, YNDX, ZBH
Sat, Jul. 23, 8:25 AM
- General Electric (NYSE:GE) was yesterday's biggest laggard among Dow stocks, sinking 1.6% after reporting a 2% drop in orders for Q2, with industrial orders - GE’s jet engines, power turbines, oil production equipment, et. al. - plunging 16% amid weakness in oil and gas prices that hurt demand.
- "The texture of this quarter is very similar to the two most recent quarters, with exceptionally weak orders,” says Morgan Stanley's Nigel Coe, who rates GE at Equal Weight with a $32 price target.
- GE's total Q2 revenues rose 15% Y/Y to $33.5B, but organic industrial sales excluding the Alstom acquisition fell 1%; GE needs to meet its own expectations for a substantial upturn in organic trends in H2 in an "extremely challenging" environment, Coe says.
- "Those are capital intensive purchases and if those get pushed out even just a little bit" it could weaken GE's performance, says Edward Jones analyst Jeff Windau.
- Andrew Elofson at Davidson Investment Advisors takes the long view, seeing Q2 as "a speed bump on the path to their transformation” and not really looking at whether GE can hit its 5% organic sales growth target for H2.
- But Standpoint Research’s Ronnie Moas responded to the Q2 results by slapping a Sell rating on GE with a $26 price target, seeing no reason to own the shares that trade at more than 20x 2016 EPS estimates while "dozens" of mid-cap names with room to grow trade at or below 10x earnings - such as YRCW, TGI, AVH, GBX, ARII, CBI, UAL, SPR and ACM.
Thu, Jul. 21, 4:37 PM
Wed, May 4, 6:03 AM
Tue, May 3, 5:30 PM
- AFAM, ARCC, ARCO, ARQL, ASC, ATRO, AVA, AYR, BDC, BUD, CDW, CHH, CLH, CPK, CRK, CRL, CRTO, CRZO, CSTE, D, DLPH, DNOW, ECYT, EE, ENR, FUN, GEL, GNRC, GTE, HAIN, HE, HFC, HSC, HSNI, HTWR, HYH, ICE, INXN, IONS, IRT, KATE, KLIC, LGND, MEMP, MFA, MMP, MOS, MPW, MTOR, NBL, NGS, NJR, NRZ, NVMI, NXTM, OMF, ONCE, ORBK, PCG, PCLN, RDC, RDS.A, SBGI, SCMP, SE, SERV, SHOP, SMP, SPAR, SR, SRE, SSTK, STRA, TGH, TGI, TMHC, TREE, TWX, VIRT, VOYA, VSI, WD, WIX, ZTS
Mon, May 2, 3:55 PM
Tue, Apr. 12, 11:08 AM
- Triumph Group (TGI +5.2%) is realigning into four business units - integrated systems, aerospace structures, precision components, product support - to better meet the evolving needs of its customers.
- The consolidation will reduce the number of operating companies and locations and will enhance accountability, eliminate redundancies and reduce costs.
- Now read Will Triumph Group Beat The Market, Or Is It A Pass?
Fri, Feb. 5, 11:13 AM
- Triumph (NYSE:TGI) declares $0.04/share quarterly dividend, in line with previous.
- Forward yield 0.59%
- Payable March 15; for shareholders of record March 1; ex-div Feb. 26.
Thu, Jan. 28, 6:04 AM
- Triumph (NYSE:TGI): FQ3 EPS of $1.39 beats by $0.01.
- Revenue of $913.87M (-0.4% Y/Y) misses by $44.22M.
Wed, Jan. 27, 5:30 PM
- ABT, ACAT, ADS, AEP, AIT, AN, ARG, AUO, AVT, BABA, BANC, BC, BHI, BLL, BMS, BMY, BOFI, BX, CAT, CELG, CHKP, CLFD, CRR, CSH, CY, DGX, DLX, DST, EPD, EXTR, F, FCFS, FCS, FLWS, GLOP, GNTX, HAR, HCA, HGG, HOG, HP, HSY, HUBB, INGR, IVZ, JBLU, JCI, KEM, LEA, LLL, LLY, LRN, MITK, MJN, MKC, MMYT, MO, MTH, NDAQ, NEE, NOC, NTCT, NUE, ORI, OSK, PHM, POT, RDN, RGS, RTN, SHW, SWK, SXC, TCB, TGI, TMO, TROW, TWC, UA, UBSI, VLO, WCC, WRLD, XEL, ZBH
Fri, Jan. 22, 8:00 AM
- Triumph Group (NYSE:TGI) is aware that Boeing will lower the production rate on the 747-8 program to match supply with near-term demand in the cargo market.
- While the company is assessing the impact of the rate reduction, Triumph says it's too premature to speculate about the impacts of the move.
- SEC Form 8-K
- Previously: Boeing to cut back 747 production, take charge (Jan. 21 2016)
Dec. 31, 2015, 11:33 AM
- Canaccord Genuity's Ken Herbert is expecting a positive year (and another in 2016) for aerospace and defense stocks, with a look at the commercial OE cycle pointing to strong ratios and an election year boosting prospects.
- He sees a book-to-bill of about 1.4 based on commercial transport orders of about 1,900 this year, and a book-to-bill over 1 again in 2016.
- Since 1992, Herbert notes, defense stocks have outperformed the broad market by 17% in election years.
- Heading into next year, his top stock is Spirit AeroSystems Holdings (SPR +0.6%), which he says is further along in restructuring and cost control than peers; he rates it Buy with a $70 price target (42% upside).
- Overall, the firm feels positive defense sentiment bodes best for Rockwell Collins (COL -1.3%; 14% upside in $105 target), Boeing (BA -1%; 14% upside in $165 target), Esterline Technologies (ESL -1.3%; 36% upside in $110 target) and Triumph Group (TGI -0.7%; 36% upside in $54 target).
- An increase in aircraft maintenance spending would most benefit TransDigm Group (TDG -0.2%) and Heico (HEI -0.7%). Meanwhile, Rockwell Collins, Esterline, Triumph, B/E Aerospace (BEAV -1.1%) and Ducommun (DCO -0.6%) will be launching or accelerating restructurings in the coming year.
Dec. 29, 2015, 12:45 PM
Dec. 29, 2015, 10:47 AM
- Cowen has upgraded Triumph Group (TGI +13.7%) to Market Perform from Underperform and lowered its price target on the stock to $37 from $40.
- Analyst Cai von Rumohr said recruiting Dan Crowley as CEO is a solid hire and brings Triumph a seasoned A&D executive with a strong track record of operational success. The analyst also noted that TGI shares appear "washed out."
- Previously: New chief at Triumph Group (Dec. 29 2015)