Triumph Group (NYSE:TGI) Now Covered by StockNews.com

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

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

Triumph Group Price Performance

Triumph Group stock opened at $24.68 on Friday. The business has a fifty day moving average price of $25.20 and a 200-day moving average price of $20.39. Triumph Group has a 1-year low of $11.01 and a 1-year high of $25.55. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 3.43 and a beta of 2.13.

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, topping analysts’ consensus estimates 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, equities research analysts anticipate that Triumph Group will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Triumph Group 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 transaction, the chief accounting officer now owns 51,696 shares in the company, 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 legal filing with the SEC, which is accessible through this link. 2.31% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Triumph Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC grew its holdings in Triumph Group by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 2,091 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in Triumph Group by 58.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock valued at $126,000 after acquiring an additional 2,484 shares during the period. Brevan Howard Capital Management LP increased its holdings in Triumph Group by 17.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock worth $230,000 after acquiring an additional 1,798 shares in the last quarter. Capula Management Ltd acquired a new position in Triumph Group during the fourth quarter worth $297,000. Finally, Cornerstone Wealth Management LLC lifted its holdings in Triumph Group by 3.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 580 shares in the last quarter. 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.