Triumph Group (NYSE:TGI) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Triumph Group (NYSE:TGI) in a research report sent to investors on Tuesday. The firm issued a hold rating on the aerospace company’s stock.

A number of other equities research analysts have also issued reports on TGI. Robert W. Baird restated a “neutral” rating and set a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Wolfe Research downgraded shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, February 10th. Barclays cut Triumph Group from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. Baird R W lowered Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Truist Financial raised their price objective on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat, Triumph Group presently has an average rating of “Hold” and a consensus target price of $18.78.

Triumph Group Stock Performance

Shares of NYSE:TGI opened at $25.48 on Tuesday. The company has a market capitalization of $1.97 billion, a PE ratio of 3.54 and a beta of 2.53. The stock has a fifty day moving average of $23.92 and a 200-day moving average of $18.96. Triumph Group has a one year low of $11.01 and a one year high of $25.52.

Triumph Group (NYSE:TGI) last announced its earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, beating 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%. As a group, research analysts forecast that Triumph Group will post 0.68 EPS for the current fiscal year.

Insider Activity at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were 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 in the company, valued at approximately $1,308,942.72. This trade represents a 40.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.31% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Triumph Group

Several hedge funds have recently bought and sold shares of TGI. Intech Investment Management LLC boosted its stake in shares of Triumph Group by 61.2% during 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. Charles Schwab Investment Management Inc. boosted its position in Triumph Group by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 679,993 shares of the aerospace company’s stock worth $8,765,000 after purchasing an additional 26,969 shares during the period. Fisher Asset Management LLC boosted its position in Triumph Group by 0.3% during the third quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock worth $20,012,000 after purchasing an additional 5,377 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Triumph Group by 7.1% during the third 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 last quarter. Finally, Rock Point Advisors LLC raised its position in shares of Triumph Group by 2.6% in the third quarter. Rock Point Advisors LLC now owns 650,038 shares of the aerospace company’s stock valued at $8,379,000 after purchasing an additional 16,705 shares during the period. 94.53% of the stock is owned by institutional investors and hedge funds.

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.