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

Equities researchers at StockNews.com assumed coverage on shares of Triumph Group (NYSE:TGI) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the aerospace company’s stock.

A number of other analysts also recently issued reports on the stock. Truist Financial increased their price target on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Wolfe Research cut shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. Robert W. Baird restated a “neutral” rating and set a $26.00 price objective (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Baird R W cut shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. upgraded shares of Triumph Group from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $17.00 to $26.00 in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.63.

Triumph Group Price Performance

TGI stock opened at $25.65 on Monday. The firm’s fifty day simple moving average is $25.24 and its 200-day simple moving average is $21.78. Triumph Group has a 12 month low of $11.01 and a 12 month high of $25.68. The company has a market capitalization of $1.99 billion, a P/E ratio of 3.56 and a beta of 2.34.

Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. As a group, sell-side analysts forecast that Triumph Group will post 0.68 earnings per share for the current year.

Insider Activity 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 completion of the sale, the chief accounting officer now owns 51,696 shares of the company’s stock, valued at approximately $1,308,942.72. This represents a 40.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Triumph Group

A number of hedge funds have recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. purchased a new position in Triumph Group during the first quarter worth about $9,442,000. Public Sector Pension Investment Board boosted its stake in Triumph Group by 27.3% during the first quarter. Public Sector Pension Investment Board now owns 245,436 shares of the aerospace company’s stock worth $6,219,000 after buying an additional 52,680 shares during the period. Longfellow Investment Management Co. LLC purchased a new position in Triumph Group during the first quarter worth about $109,000. Nuveen LLC purchased a new position in Triumph Group during the first quarter worth about $11,674,000. Finally, Virtu Financial LLC purchased a new position in Triumph Group during the first quarter worth about $891,000. Hedge funds and other institutional investors own 94.53% of the company’s stock.

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.