Triumph Group (NYSE:TGI) Sets New 1-Year High – Here’s Why

Triumph Group, Inc. (NYSE:TGI)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $25.75 and last traded at $25.72, with a volume of 16892 shares trading hands. The stock had previously closed at $25.69.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TGI shares. Barclays lowered Triumph Group from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. Robert W. Baird restated a “neutral” rating and set a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Baird R W cut Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Truist Financial increased their price objective on Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Finally, Wolfe Research lowered shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.63.

Triumph Group Trading Down 0.0%

The business has a fifty day moving average of $25.27 and a 200-day moving average of $22.15. The company has a market cap of $1.99 billion, a PE ratio of 3.57 and a beta of 2.34.

Insider Activity at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total value of $886,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,696 shares in the company, valued at approximately $1,308,942.72. This represents a 40.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.31% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Cornerstone Wealth Management LLC lifted its position in Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after acquiring an additional 580 shares during the period. Rafferty Asset Management LLC increased its holdings in shares of Triumph Group by 4.7% in the 4th quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company’s stock worth $370,000 after purchasing an additional 896 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Triumph Group by 0.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company’s stock worth $5,624,000 after buying an additional 1,400 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Triumph Group by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,712 shares of the aerospace company’s stock valued at $778,000 after purchasing an additional 1,563 shares during the period. Finally, Brevan Howard Capital Management LP lifted its holdings in shares of Triumph Group by 17.1% during the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock valued at $230,000 after buying an additional 1,798 shares during the period. Institutional investors own 94.53% of the company’s stock.

About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, aircraft components, accessories, subassemblies, and systems worldwide. It operates in two segments, Triumph Systems & Support, and Triumph Interiors. The company offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, control system valve bodies, landing gear actuation systems, electronic engine controls, landing gear components and assemblies, cyber protected process controllers, main engine gearbox assemblies, geared transmissions and drive train components, main fuel pumps, fuel-metering units, primary and secondary flight control systems, and vibration absorbers.