Triumph Group (NYSE:TGI) Sets New 1-Year High – What’s Next?

Triumph Group, Inc. (NYSE:TGI) shares reached a new 52-week high on Thursday . The company traded as high as $25.48 and last traded at $25.45, with a volume of 1476414 shares changing hands. The stock had previously closed at $25.40.

Analyst Ratings Changes

Several research firms recently weighed in on TGI. Baird R W cut shares of Triumph Group from a “strong-buy” rating to 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 from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. TD Cowen upgraded Triumph Group to a “hold” rating in a report on Thursday, December 19th. Barclays downgraded Triumph Group from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $21.00 to $26.00 in a research note on Thursday, February 6th. Finally, Wolfe Research cut Triumph Group from an “outperform” rating to a “peer perform” rating in a research note 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.78.

Triumph Group Stock Performance

The firm has a market capitalization of $1.97 billion, a P/E ratio of 3.53 and a beta of 2.53. The stock has a 50 day moving average of $23.38 and a 200-day moving average of $18.62.

Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (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%. As a group, sell-side analysts expect that Triumph Group, Inc. will post 0.68 EPS for the current year.

Insider Transactions at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of the company’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 sale, the chief accounting officer now directly owns 51,696 shares in the company, valued at $1,308,942.72. This represents a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.31% of the company’s stock.

Institutional Trading of Triumph Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its holdings in shares of 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 worth $43,259,000 after purchasing an additional 1,286,568 shares during the period. Barclays PLC boosted its position in shares of Triumph Group by 155.8% during the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock valued at $1,915,000 after acquiring an additional 90,456 shares during the last quarter. JPMorgan Chase & Co. grew its holdings 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 in the last quarter. Principal Financial Group Inc. increased its position in shares of Triumph Group by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company’s stock worth $6,996,000 after purchasing an additional 10,629 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in 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 valued at $22,340,000 after purchasing an additional 129,391 shares in the last quarter. Institutional investors own 94.53% of the company’s stock.

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.