Triumph Group (NYSE:TGI) Sets New 1-Year High – Here’s Why

Triumph Group, Inc. (NYSE:TGI) reached a new 52-week high on Wednesday . The stock traded as high as $25.51 and last traded at $25.49, with a volume of 624560 shares trading hands. The stock had previously closed at $25.47.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. StockNews.com started coverage on Triumph Group in a research report on Tuesday. They issued a “hold” rating for the company. Barclays cut Triumph Group from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. Robert W. Baird reissued a “neutral” rating and issued a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Baird R W downgraded shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Wolfe Research downgraded shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $18.78.

Triumph Group Trading Up 0.1 %

The firm’s fifty day moving average price is $23.65 and its 200-day moving average price is $18.87. The company has a market cap of $1.97 billion, a P/E ratio of 3.54 and a beta of 2.53.

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

Insider Activity at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction on 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.31% of the stock is currently owned by corporate insiders.

Institutional Trading of Triumph Group

Several institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its holdings in Triumph Group by 124.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock valued at $43,259,000 after purchasing an additional 1,286,568 shares in the last quarter. Barclays PLC boosted its stake in Triumph Group by 155.8% in the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock valued at $1,915,000 after buying an additional 90,456 shares in the last quarter. JPMorgan Chase & Co. grew its position in Triumph Group by 1,207.4% in the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock valued at $6,946,000 after acquiring an additional 497,684 shares during the period. Principal Financial Group Inc. raised its stake in Triumph Group by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company’s stock worth $6,996,000 after acquiring an additional 10,629 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Triumph Group by 8.1% during the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock valued at $22,340,000 after acquiring an additional 129,391 shares during the period. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.