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

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

TGI has been the subject of a number of other research reports. JPMorgan Chase & Co. upgraded shares of Triumph Group from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th. Truist Financial boosted their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Barclays cut shares of Triumph Group from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. 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, Robert W. Baird restated a “neutral” rating and issued a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.63.

Triumph Group Trading Up 0.2 %

NYSE:TGI opened at $25.35 on Friday. Triumph Group has a 1 year low of $11.01 and a 1 year high of $25.55. The firm has a 50 day moving average of $25.18 and a 200-day moving average of $21.01. The stock has a market capitalization of $1.96 billion, a P/E ratio of 3.52 and a beta of 2.13.

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

Insiders Place Their Bets

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total transaction 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. The trade was a 40.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.31% of the company’s stock.

Hedge Funds Weigh In On Triumph Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cornerstone Wealth Management LLC grew its holdings in shares of Triumph Group by 3.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock valued at $298,000 after buying an additional 580 shares during the period. Rafferty Asset Management LLC grew 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 valued at $370,000 after buying an additional 896 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Triumph Group by 0.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company’s stock valued at $5,624,000 after buying an additional 1,400 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Triumph Group by 3.9% in 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 buying an additional 1,563 shares during the period. Finally, Brevan Howard Capital Management LP grew its holdings in shares of 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 valued at $230,000 after buying an additional 1,798 shares during the period. Institutional investors and hedge funds 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.