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

StockNews.com initiated coverage on shares of Triumph Group (NYSE:TGI) in a research note published on Tuesday morning. The firm issued a hold rating on the aerospace company’s stock.

Several other research analysts have also issued reports on the company. Baird R W lowered Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. TD Cowen upgraded Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Wolfe Research downgraded shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. Truist Financial boosted their price target on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $26.00 price objective (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat.com, Triumph Group currently has an average rating of “Hold” and a consensus target price of $18.78.

Triumph Group Trading Up 0.1 %

Shares of TGI stock opened at $25.49 on Tuesday. Triumph Group has a 1 year low of $11.01 and a 1 year high of $25.51. The stock has a 50 day simple moving average of $23.65 and a 200 day simple moving average of $18.87. The stock has a market cap of $1.97 billion, a P/E ratio of 3.54 and a beta of 2.53.

Triumph Group (NYSE:TGI) last issued 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 negative return on equity of 55.18% and a net margin of 45.08%. Analysts forecast that Triumph Group will post 0.68 EPS for the current year.

Insider Transactions at Triumph Group

In related news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total value of $886,200.00. Following the sale, the chief accounting officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.31% of the company’s stock.

Hedge Funds Weigh In On Triumph Group

Large investors have recently modified their holdings of the business. Intech Investment Management LLC boosted its holdings in Triumph Group by 61.2% in the 3rd quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company’s stock worth $440,000 after buying an additional 12,965 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Triumph Group by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 679,993 shares of the aerospace company’s stock worth $8,765,000 after acquiring an additional 26,969 shares during the period. Fisher Asset Management LLC grew its position in shares of Triumph Group by 0.3% in the third quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock valued at $20,012,000 after purchasing an additional 5,377 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Triumph Group by 7.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 37,864 shares of the aerospace company’s stock valued at $488,000 after purchasing an additional 2,524 shares during the period. Finally, Rock Point Advisors LLC lifted its holdings in Triumph Group by 2.6% during the 3rd quarter. Rock Point Advisors LLC now owns 650,038 shares of the aerospace company’s stock worth $8,379,000 after purchasing an additional 16,705 shares in 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.