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

StockNews.com initiated coverage on shares of Triumph Group (NYSE:TGI) in a report issued on Sunday morning. The firm issued a hold rating on the aerospace company’s stock.

TGI has been the subject of several other reports. Wolfe Research cut shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. Barclays downgraded Triumph Group from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. Baird R W downgraded Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Truist Financial raised their target price on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.63.

Triumph Group Stock Up 0.1 %

Shares of Triumph Group stock opened at $25.53 on Friday. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 3.55 and a beta of 2.34. Triumph Group has a twelve month low of $11.01 and a twelve month high of $25.58. The company’s fifty day moving average is $25.20 and its 200 day moving average is $21.40.

Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share 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, equities analysts anticipate that Triumph Group will post 0.68 earnings per share for the current fiscal year.

Insider Transactions at Triumph Group

In related news, CAO Jennifer H. Allen sold 35,000 shares of the company’s 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 in the company, valued at $1,308,942.72. This represents a 40.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.31% of the stock is owned by insiders.

Institutional Trading of Triumph Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Wealth Management LLC raised its stake in shares of Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock worth $298,000 after purchasing an additional 580 shares during the period. Rafferty Asset Management LLC increased its stake in shares of Triumph Group by 4.7% during the 4th quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company’s stock worth $370,000 after purchasing an additional 896 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Triumph Group by 0.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company’s stock valued at $5,624,000 after purchasing an additional 1,400 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Triumph Group by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,712 shares of the aerospace company’s stock worth $778,000 after acquiring an additional 1,563 shares during the period. Finally, Brevan Howard Capital Management LP lifted its holdings 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 valued at $230,000 after purchasing an additional 1,798 shares during the last quarter. 94.53% of the stock is 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.