Short Interest in Triumph Group, Inc. (NYSE:TGI) Declines By 34.8%

Triumph Group, Inc. (NYSE:TGI) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 3,620,000 shares, a drop of 34.8% from the January 31st total of 5,550,000 shares. Based on an average daily volume of 1,460,000 shares, the short-interest ratio is presently 2.5 days.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD Cowen upgraded Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Wolfe Research lowered Triumph Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, February 10th. Robert W. Baird reissued a “neutral” rating and set a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. StockNews.com assumed coverage on Triumph Group in a report on Saturday. They set a “hold” rating on the stock. Finally, Baird R W downgraded Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.78.

Triumph Group Stock Down 0.2 %

TGI traded down $0.05 during midday trading on Monday, hitting $25.33. 2,291,237 shares of the company were exchanged, compared to its average volume of 2,009,173. The firm has a market capitalization of $1.96 billion, a P/E ratio of 3.52 and a beta of 2.51. Triumph Group has a 1-year low of $11.01 and a 1-year high of $25.41. The firm’s 50 day moving average price is $21.50 and its 200-day moving average price is $17.54.

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 negative return on equity of 55.18% and a net margin of 45.08%. On average, sell-side analysts predict that Triumph Group will post 0.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TGI. International Assets Investment Management LLC lifted its holdings in Triumph Group by 1,189.0% during the 3rd quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock worth $133,000 after buying an additional 9,512 shares during the period. GSA Capital Partners LLP raised its position in shares of Triumph Group by 14.1% in the 3rd quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock worth $340,000 after acquiring an additional 3,253 shares in the last quarter. Sasco Capital Inc. CT raised its position in shares of Triumph Group by 50.5% in the 3rd quarter. Sasco Capital Inc. CT now owns 71,473 shares of the aerospace company’s stock worth $921,000 after acquiring an additional 23,990 shares in the last quarter. Intech Investment Management LLC raised its position in shares of 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 acquiring an additional 12,965 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Triumph Group by 4.1% in the 3rd 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 in the last quarter. 94.53% of the stock is 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.