Triumph Group, Inc. (NYSE:TGI) Short Interest Up 42.8% in March

Triumph Group, Inc. (NYSE:TGI) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 5,440,000 shares, an increase of 42.8% from the February 28th total of 3,810,000 shares. Currently, 7.2% of the company’s shares are short sold. Based on an average daily trading volume, of 1,680,000 shares, the days-to-cover ratio is currently 3.2 days.

Wall Street Analysts Forecast Growth

TGI has been the subject of several research analyst reports. Truist Financial lifted their price target on shares of Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. TD Cowen raised Triumph Group to a “hold” rating in a research note on Thursday, December 19th. StockNews.com initiated coverage on Triumph Group in a research note on Tuesday, March 25th. They issued a “hold” rating for the company. Barclays downgraded Triumph Group from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Finally, Wolfe Research cut Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $18.88.

Insider Transactions at Triumph Group

In related news, CAO Jennifer H. Allen sold 35,000 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now owns 51,696 shares in the company, valued at $1,308,942.72. The trade was a 40.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.31% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Triumph Group by 17.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,866 shares of the aerospace company’s stock worth $3,580,000 after buying an additional 29,093 shares in the last quarter. Rafferty Asset Management LLC increased its position in shares of Triumph Group by 4.7% during the fourth quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company’s stock valued at $370,000 after acquiring an additional 896 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Triumph Group by 58.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock worth $126,000 after acquiring an additional 2,484 shares during the period. ProShare Advisors LLC boosted its position in Triumph Group by 44.2% in the fourth quarter. ProShare Advisors LLC now owns 22,191 shares of the aerospace company’s stock worth $414,000 after purchasing an additional 6,806 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Triumph Group by 16.4% in the 4th quarter. Nuveen Asset Management LLC now owns 248,644 shares of the aerospace company’s stock valued at $4,640,000 after purchasing an additional 34,974 shares during the period. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Triumph Group Price Performance

Shares of TGI stock traded down $0.03 during trading hours on Friday, reaching $25.44. The company had a trading volume of 574,809 shares, compared to its average volume of 1,074,037. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 3.53 and a beta of 2.53. Triumph Group has a 12 month low of $11.01 and a 12 month high of $25.52. The business has a fifty day simple moving average of $24.05 and a 200-day simple moving average of $19.13.

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

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.