Triumph Group (NYSE:TGI) Issues Quarterly Earnings Results

Triumph Group (NYSE:TGI) announced its earnings results on Wednesday. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17, Zacks reports. The company had revenue of $377.90 million during the quarter, compared to analysts’ expectations of $334.04 million. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share.

Triumph Group Trading Up 0.5%

Shares of NYSE TGI opened at $25.81 on Friday. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 3.58 and a beta of 2.34. Triumph Group has a 12-month low of $11.01 and a 12-month high of $25.86. The stock’s 50 day simple moving average is $25.31 and its 200 day simple moving average is $22.63.

Insider Activity

In related news, CAO Jennifer H. Allen sold 35,000 shares of the 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 sale, the chief accounting officer now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.31% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Triumph Group by 17.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,555 shares of the aerospace company’s stock valued at $5,716,000 after buying an additional 33,689 shares during the last quarter. Intech Investment Management LLC raised its stake in Triumph Group by 9.8% during the 1st quarter. Intech Investment Management LLC now owns 63,761 shares of the aerospace company’s stock valued at $1,616,000 after acquiring an additional 5,710 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Triumph Group by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,658 shares of the aerospace company’s stock worth $1,106,000 after acquiring an additional 1,946 shares during the period. Finally, Strs Ohio bought a new position in shares of Triumph Group in the first quarter worth $134,000. Institutional investors own 94.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TGI. Wolfe Research downgraded Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. 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 note on Tuesday, February 4th. JPMorgan Chase & Co. raised shares of 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 research report on Tuesday, April 15th. Wall Street Zen started coverage on shares of Triumph Group in a research report on Tuesday, May 20th. They set a “hold” rating for the company. Finally, Truist Financial lifted their price target on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. One 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, Triumph Group has an average rating of “Hold” and a consensus price target of $20.63.

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.