Triumph Group (NYSE:TGI) Sees Large Volume Increase on Strong Earnings

Shares of Triumph Group, Inc. (NYSE:TGI) saw an uptick in trading volume on Thursday following a better than expected earnings announcement. 941,749 shares traded hands during mid-day trading, an increase of 25% from the previous session’s volume of 752,254 shares.The stock last traded at $13.00 and had previously closed at $15.00.

The aerospace company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.22. Triumph Group had a negative return on equity of 2.15% and a negative net margin of 3.49%. The firm had revenue of $358.60 million during the quarter, compared to the consensus estimate of $341.95 million. During the same period in the prior year, the company posted $0.39 EPS. The company’s revenue was up 10.2% compared to the same quarter last year.

Wall Street Analyst Weigh In

Several research firms have commented on TGI. The Goldman Sachs Group increased their target price on Triumph Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Wolfe Research upgraded Triumph Group from a “peer perform” rating to an “outperform” rating and set a $18.00 target price for the company in a research report on Thursday, March 28th. JPMorgan Chase & Co. raised Triumph Group from an “underweight” rating to a “neutral” rating and increased their price target for the company from $13.00 to $17.00 in a research note on Monday, April 15th. Finally, Bank of America raised Triumph Group from an “underperform” rating to a “buy” rating and increased their price target for the company from $9.00 to $21.00 in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.63.

Institutional Investors Weigh In On Triumph Group

Several large investors have recently added to or reduced their stakes in the business. Kennedy Capital Management LLC lifted its holdings in shares of Triumph Group by 199.6% in the first quarter. Kennedy Capital Management LLC now owns 450,918 shares of the aerospace company’s stock valued at $6,782,000 after purchasing an additional 300,407 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Triumph Group by 98.3% in the first quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock valued at $58,000 after purchasing an additional 1,922 shares in the last quarter. Gabelli Funds LLC bought a new stake in Triumph Group during the first quarter worth $553,000. Keeley Teton Advisors LLC lifted its holdings in Triumph Group by 12.8% during the first quarter. Keeley Teton Advisors LLC now owns 136,406 shares of the aerospace company’s stock worth $2,052,000 after acquiring an additional 15,529 shares during the period. Finally, Gamco Investors INC. ET AL bought a new stake in Triumph Group during the first quarter worth $1,545,000. Institutional investors and hedge funds own 94.53% of the company’s stock.

Triumph Group Price Performance

The stock has a fifty day moving average of $14.03 and a 200 day moving average of $13.85. The firm has a market capitalization of $1.00 billion, a P/E ratio of -18.84, a price-to-earnings-growth ratio of 13.87 and a beta of 2.55.

About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, 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, exhaust nozzles and ducting, 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.