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

StockNews.com began coverage on shares of Triumph Group (NYSE:TGI) in a research note issued to investors on Friday. The firm issued a hold rating on the aerospace company’s stock.

Several other research analysts have also issued reports on the company. JPMorgan Chase & Co. upgraded Triumph Group from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $17.00 to $26.00 in a research note on Tuesday, April 15th. Barclays lowered shares of Triumph Group from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Baird R W lowered shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Wolfe Research downgraded Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $20.63.

Triumph Group Price Performance

Shares of Triumph Group stock opened at $24.68 on Friday. Triumph Group has a 52-week low of $11.01 and a 52-week high of $25.55. The firm has a market capitalization of $1.91 billion, a PE ratio of 3.43 and a beta of 2.13. The company’s fifty day moving average price is $25.20 and its two-hundred day moving average price is $20.50.

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

Insider Buying and Selling at Triumph Group

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 stock was sold at an average price of $25.32, for a total transaction of $886,200.00. Following the completion of the sale, the chief accounting officer now directly owns 51,696 shares of the company’s stock, valued at approximately $1,308,942.72. The trade was a 40.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.31% of the company’s stock.

Institutional Investors Weigh In On Triumph Group

Institutional investors have recently modified their holdings of the business. Barclays PLC grew its holdings in Triumph Group by 155.8% during the 3rd 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. Geode Capital Management LLC boosted its position in shares of Triumph Group by 8.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock worth $22,340,000 after purchasing an additional 129,391 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 during the period. Assenagon Asset Management S.A. increased its holdings in Triumph Group by 124.7% in 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 purchasing an additional 1,286,568 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Triumph Group by 18,544.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 256,554 shares of the aerospace company’s stock valued at $4,787,000 after buying an additional 255,178 shares during the period. 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.