Triumph Group (NYSE:TGI) Sees Strong Trading Volume – Time to Buy?

Shares of Triumph Group, Inc. (NYSE:TGI) saw unusually-strong trading volume on Wednesday . Approximately 1,374,070 shares were traded during mid-day trading, an increase of 16% from the previous session’s volume of 1,188,879 shares.The stock last traded at $24.89 and had previously closed at $24.90.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TGI shares. 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. Wolfe Research cut Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. TD Cowen upgraded Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Robert W. Baird reaffirmed a “neutral” rating and issued a $26.00 price objective (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. raised Triumph Group from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $17.00 to $26.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.63.

Triumph Group Stock Down 0.7 %

The company’s 50 day moving average is $25.22 and its 200 day moving average is $20.31. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 3.43 and a beta of 2.13.

Triumph Group (NYSE:TGI) last announced its earnings results on Monday, February 10th. The aerospace company reported $0.27 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%. On average, analysts expect that Triumph Group, Inc. will post 0.68 EPS for the current year.

Insider Activity

In other news, CAO Jennifer H. Allen sold 35,000 shares of the business’s 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 completion of the transaction, the chief accounting officer now directly owns 51,696 shares in the company, valued at approximately $1,308,942.72. The trade was a 40.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TGI. Sterling Capital Management LLC increased its stake in shares of Triumph Group by 804.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 2,091 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in Triumph Group by 58.1% in 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. Brevan Howard Capital Management LP raised its stake in Triumph Group by 17.1% during the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock worth $230,000 after acquiring an additional 1,798 shares in the last quarter. Capula Management Ltd bought a new position in shares of Triumph Group in the fourth quarter worth about $297,000. Finally, Cornerstone Wealth Management LLC boosted its stake in shares of Triumph Group by 3.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 580 shares in the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.