Triumph Group (NYSE:TGI) Now Covered by Analysts at StockNews.com

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

Other equities research analysts also recently issued reports about the stock. Baird R W downgraded shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Barclays lowered Triumph Group from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. Robert W. Baird reaffirmed a “neutral” rating and set 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 upped their price target on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Finally, TD Cowen upgraded Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.78.

Triumph Group Stock Down 0.2 %

NYSE:TGI opened at $25.39 on Monday. The firm has a market capitalization of $1.97 billion, a P/E ratio of 3.53 and a beta of 2.53. Triumph Group has a twelve month low of $11.01 and a twelve month high of $25.44. The company has a fifty day moving average of $22.83 and a 200-day moving average of $18.36.

Triumph Group (NYSE:TGI) last released its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) 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 55.18%. On average, analysts anticipate that Triumph Group will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling

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 completion of the transaction, the chief accounting officer now owns 51,696 shares in the company, valued at $1,308,942.72. This trade represents a 40.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Triumph Group by 17.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,866 shares of the aerospace company’s stock worth $3,580,000 after buying an additional 29,093 shares during the last quarter. Rafferty Asset Management LLC increased its position in shares of Triumph Group by 4.7% during the 4th quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company’s stock valued at $370,000 after purchasing an additional 896 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in Triumph Group by 58.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock valued at $126,000 after acquiring an additional 2,484 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Triumph Group by 44.2% during the 4th quarter. ProShare Advisors LLC now owns 22,191 shares of the aerospace company’s stock valued at $414,000 after purchasing an additional 6,806 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of Triumph Group by 16.4% during the fourth quarter. Nuveen Asset Management LLC now owns 248,644 shares of the aerospace company’s stock valued at $4,640,000 after buying an additional 34,974 shares during the last quarter. Hedge funds and other institutional investors 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.