Triumph Group (NYSE:TGI) Sees Large Volume Increase – Time to Buy?

Shares of Triumph Group, Inc. (NYSE:TGI) saw strong trading volume on Monday . 1,950,409 shares were traded during trading, an increase of 75% from the previous session’s volume of 1,111,414 shares.The stock last traded at $24.51 and had previously closed at $25.09.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TGI. Robert W. Baird reissued a “neutral” rating and set a $26.00 price target (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Barclays downgraded Triumph Group from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $21.00 to $26.00 in a research report on Thursday, February 6th. Baird R W cut Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. TD Cowen raised shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Finally, Truist Financial upped their target price on Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.88.

Triumph Group Stock Performance

The stock’s fifty day moving average price is $25.27 and its two-hundred day moving average price is $19.86. The company has a market cap of $1.94 billion, a P/E ratio of 3.47 and a beta of 2.13.

Triumph Group (NYSE:TGI) last announced 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%. On average, equities research analysts forecast that Triumph Group, Inc. 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 stock was sold at an average price of $25.32, for a total transaction of $886,200.00. Following the transaction, the chief accounting officer now owns 51,696 shares of the company’s stock, valued at $1,308,942.72. The trade was a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.31% of the company’s stock.

Institutional Investors Weigh In On Triumph Group

A number of hedge funds have recently made changes to their positions in TGI. American Century Companies Inc. bought a new stake in Triumph Group during the fourth quarter valued at $30,845,000. Assenagon Asset Management S.A. lifted its position in Triumph Group by 124.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock valued at $43,259,000 after buying an additional 1,286,568 shares during the period. Norges Bank purchased a new position in Triumph Group during the fourth quarter valued at $15,945,000. First Trust Advisors LP increased its position in shares of Triumph Group by 59.6% during the fourth quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company’s stock valued at $31,764,000 after acquiring an additional 635,568 shares in the last quarter. Finally, Irenic Capital Management LP grew its stake in shares of Triumph Group by 19.9% in the fourth quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company’s stock worth $70,666,000 after acquiring an additional 628,296 shares during the period. 94.53% of the stock is currently owned by institutional investors.

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.