StockNews.com Initiates Coverage on Triumph Group (NYSE:TGI)

Research analysts at StockNews.com initiated coverage on shares of Triumph Group (NYSE:TGI) in a research note issued on Thursday. The firm set a “hold” rating on the aerospace company’s stock.

Several other equities analysts have also issued reports on the company. Wolfe Research lowered Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a report on Thursday, December 19th. Robert W. Baird reiterated 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. 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, Barclays downgraded Triumph Group from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.88.

Triumph Group Stock Performance

Shares of NYSE TGI opened at $25.01 on Thursday. The business has a fifty day moving average of $25.27 and a two-hundred day moving average of $19.86. Triumph Group has a 52-week low of $11.01 and a 52-week high of $25.55. The stock has a market cap of $1.94 billion, a PE ratio of 3.47 and a beta of 2.13.

Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that Triumph Group will post 0.68 earnings per share for the current year.

Insider Activity at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the firm’s 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 transaction, the chief accounting officer now directly owns 51,696 shares of the company’s stock, valued at $1,308,942.72. This trade represents a 40.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.31% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TGI. Sterling Capital Management LLC increased its stake in shares of Triumph Group by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock valued at $44,000 after buying an additional 2,091 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its holdings in Triumph Group by 58.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock worth $126,000 after acquiring an additional 2,484 shares during the last quarter. Brevan Howard Capital Management LP increased its position in Triumph Group by 17.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock valued at $230,000 after acquiring an additional 1,798 shares during the period. Centiva Capital LP bought a new position in shares of Triumph Group during the third quarter valued at $255,000. Finally, Capula Management Ltd acquired a new position in shares of Triumph Group during the fourth quarter worth $297,000. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.