Triumph Group (NYSE:TGI) Reaches New 1-Year High on Better-Than-Expected Earnings

Shares of Triumph Group, Inc. (NYSE:TGI) hit a new 52-week high during mid-day trading on Wednesday following a stronger than expected earnings report. The stock traded as high as $25.79 and last traded at $25.71, with a volume of 501 shares. The stock had previously closed at $25.71.

The aerospace company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.17. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. The business had revenue of $377.90 million during the quarter, compared to analysts’ expectations of $334.04 million. During the same quarter in the prior year, the business posted $0.31 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Robert W. Baird reiterated a “neutral” rating and issued a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Wolfe Research downgraded shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. Baird R W cut shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Truist Financial lifted their price objective 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. Finally, Wall Street Zen began coverage on shares of Triumph Group in a report on Tuesday, May 20th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.63.

Insider Buying and Selling at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group 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 sale, the chief accounting officer now owns 51,696 shares of the company’s stock, valued at $1,308,942.72. The trade was a 40.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TGI. Irenic Capital Management LP raised its stake in shares of Triumph Group by 19.9% during the 4th quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company’s stock worth $70,666,000 after buying an additional 628,296 shares in the last quarter. Pentwater Capital Management LP acquired a new position in Triumph Group during the first quarter worth $58,285,000. TIG Advisors LLC acquired a new position in Triumph Group during the first quarter worth $47,728,000. Fisher Asset Management LLC raised its position in Triumph Group by 17.9% in the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock worth $34,145,000 after acquiring an additional 277,333 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Triumph Group by 59.6% in the fourth quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company’s stock worth $31,764,000 after acquiring an additional 635,568 shares in the last quarter. 94.53% of the stock is owned by hedge funds and other institutional investors.

Triumph Group Stock Up 0.5%

The company has a market cap of $2.00 billion, a price-to-earnings ratio of 3.58 and a beta of 2.34. The business has a fifty day simple moving average of $25.31 and a 200 day simple moving average of $22.63.

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.