Triumph Group (NYSE:TGI) Sets New 1-Year High After Strong Earnings

Triumph Group, Inc. (NYSE:TGI)’s stock price reached a new 52-week high during mid-day trading on Monday following a better than expected earnings announcement. The stock traded as high as $25.41 and last traded at $25.37, with a volume of 2598390 shares trading hands. The stock had previously closed at $25.19.

The aerospace company reported $0.27 earnings per share for the quarter, topping 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 52.06%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TGI shares. Wolfe Research cut Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday. Robert W. Baird reaffirmed a “neutral” rating and issued a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Truist Financial boosted their price target on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a report on Thursday, December 19th. Finally, Baird R W cut Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $18.78.

Hedge Funds Weigh In On Triumph Group

Several institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in Triumph Group by 1,189.0% during the 3rd quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock valued at $133,000 after acquiring an additional 9,512 shares during the period. Centiva Capital LP bought a new stake in shares of Triumph Group during the 3rd quarter valued at $255,000. Cornerstone Wealth Management LLC lifted its holdings in Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock worth $298,000 after purchasing an additional 580 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Triumph Group in the 4th quarter worth about $310,000. Finally, GSA Capital Partners LLP grew its holdings in Triumph Group by 14.1% during the 3rd quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock valued at $340,000 after buying an additional 3,253 shares in the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Triumph Group Stock Down 0.1 %

The stock has a market capitalization of $1.96 billion, a P/E ratio of 3.52 and a beta of 2.51. The company has a 50-day moving average price of $19.61 and a two-hundred day moving average price of $16.49.

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.