StockNews.com Begins Coverage on Triumph Group (NYSE:TGI)

Equities research analysts at StockNews.com began coverage on shares of Triumph Group (NYSE:TGI) in a research report issued on Monday. The brokerage set a “hold” rating on the aerospace company’s stock.

TGI has been the subject of several other research reports. Barclays lowered shares of Triumph Group from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $21.00 to $26.00 in a research note on Thursday, February 6th. Baird R W lowered shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Truist Financial raised their target price on shares of Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Robert W. Baird reaffirmed a “neutral” rating and issued a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Finally, Wolfe Research cut shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. Based on data from MarketBeat, Triumph Group has a consensus rating of “Hold” and a consensus target price of $20.63.

Triumph Group Stock Performance

NYSE TGI opened at $25.65 on Monday. The firm has a 50 day simple moving average of $25.24 and a 200-day simple moving average of $21.78. Triumph Group has a one year low of $11.01 and a one year high of $25.68. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 3.56 and a beta of 2.34.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. Equities analysts predict that Triumph Group will post 0.68 EPS for the current fiscal year.

Insider Activity at Triumph Group

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

Institutional Trading of Triumph Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. raised its holdings in Triumph Group by 124.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock worth $43,259,000 after purchasing an additional 1,286,568 shares in the last quarter. Barclays PLC raised its holdings in Triumph Group by 155.8% during the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock worth $1,915,000 after purchasing an additional 90,456 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Triumph Group during the fourth quarter worth approximately $1,095,000. JPMorgan Chase & Co. raised its holdings in Triumph Group by 1,207.4% during the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock worth $6,946,000 after purchasing an additional 497,684 shares in the last quarter. Finally, American Century Companies Inc. acquired a new stake in Triumph Group during the fourth quarter worth approximately $30,845,000. Institutional investors and hedge funds own 94.53% of the company’s stock.

Triumph Group Company Profile

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.