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Triumph Group Inc. (TGI): Today's Featured Aerospace/Defense Laggard

By TheStreet Wire 08/01/12 - 05:01 PM EDT

Find out if (TGI) is in Cramer's Portfolio.

Triumph Group (TGI) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day down 0.6%. By the end of trading, Triumph Group fell $1.78 (-2.9%) to $60.75 on light volume. Throughout the day, 329,077 shares of Triumph Group exchanged hands as compared to its average daily volume of 620,100 shares. The stock ranged in price between $60.56-$62.90 after having opened the day at $62.52 as compared to the previous trading day's close of $62.53. Other company's within the Aerospace/Defense industry that declined today were: GenCorp (GY), down 5%, Smith & Wesson Holding Corporation (SWHC), down 3.4%, Aerovironment Incorporated (AVAV), down 3%, and LMI Aerospace (LMIA), down 2.4%.

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Triumph Group, Inc., through its subsidiaries, engages in the design, engineering, manufacture, repair, overhaul, and distribution of aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. Triumph Group has a market cap of $3.1 billion and is part of the industrial goods sector. The company has a P/E ratio of 10.5, below the average aerospace/defense industry P/E ratio of 11.4 and below the S&P 500 P/E ratio of 17.7. Shares are up 7% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Triumph Group a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Triumph Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

You can view the full Triumph Group Ratings Report.

Use our aerospace/defense section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the aerospace/defense industry could consider iShares DJ US Aerospace & Def Idx (ITA) while those bearish on the aerospace/defense industry could consider ProShares Short Dow 30 (DOG).

Find other investment ideas from our top rated ETFs lists.

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