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

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

A number of other research firms have also issued reports on TGI. Barclays lowered Triumph Group from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Wolfe Research lowered shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. Baird R W downgraded shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Robert W. Baird restated 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. Finally, TD Cowen raised shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.88.

Triumph Group Stock Up 0.2 %

NYSE:TGI opened at $25.55 on Wednesday. The company’s 50 day moving average is $24.43 and its 200-day moving average is $19.34. Triumph Group has a 12 month low of $11.01 and a 12 month high of $25.55. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 3.55 and a beta of 2.53.

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

Insider Transactions at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total value of $886,200.00. Following the sale, the chief accounting officer now directly owns 51,696 shares in the company, valued at $1,308,942.72. This represents a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Triumph Group

Several large investors have recently made changes to their positions in the company. Old West Investment Management LLC lifted its holdings in Triumph Group by 1.3% during the 3rd quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company’s stock valued at $547,000 after purchasing an additional 565 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of Triumph Group by 3.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after acquiring an additional 580 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of Triumph Group by 4.7% in the 4th quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company’s stock worth $370,000 after acquiring an additional 896 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Triumph Group by 0.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company’s stock worth $5,624,000 after acquiring an additional 1,400 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 valued at $778,000 after purchasing an additional 1,563 shares in the last quarter. Institutional investors own 94.53% of the company’s stock.

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.