Triumph Group (NYSE:TGI) Coverage Initiated at StockNews.com

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

A number of other equities research analysts have also issued reports on the company. Truist Financial increased their price target on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. Baird R W downgraded shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Wolfe Research lowered shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Barclays lowered Triumph Group from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. Finally, TD Cowen upgraded Triumph Group to a “hold” rating in a report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $18.78.

Triumph Group Stock Up 0.1 %

Shares of Triumph Group stock opened at $25.50 on Tuesday. Triumph Group has a twelve month low of $11.01 and a twelve month high of $25.52. The company’s 50 day moving average is $23.79 and its 200 day moving average is $18.91. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 3.54 and a beta of 2.53.

Triumph Group (NYSE:TGI) last announced its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect that Triumph Group will post 0.68 EPS for the current fiscal year.

Insider Activity

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the business’s stock in a transaction dated 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. The trade was a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.31% of the company’s stock.

Institutional Investors Weigh In On Triumph Group

Several institutional investors have recently bought and sold shares of TGI. Assenagon Asset Management S.A. increased its holdings in shares of 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 valued at $43,259,000 after acquiring an additional 1,286,568 shares in the last quarter. Barclays PLC grew 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 acquiring an additional 90,456 shares during the period. JPMorgan Chase & Co. raised its position 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 valued at $6,946,000 after acquiring an additional 497,684 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Triumph Group by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company’s stock valued at $6,996,000 after purchasing an additional 10,629 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Triumph Group by 8.1% in the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock worth $22,340,000 after acquiring an additional 129,391 shares during the period. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.