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

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

Other equities analysts have also issued research reports about the company. Baird R W lowered Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised shares of Triumph Group from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $17.00 to $26.00 in a research report on Tuesday. Barclays cut shares of 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 report on Thursday, February 6th. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a report on Thursday, December 19th. Finally, Wolfe Research downgraded shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. According to MarketBeat.com, Triumph Group presently has an average rating of “Hold” and a consensus price target of $20.63.

Triumph Group Stock Down 0.7 %

Triumph Group stock opened at $24.68 on Friday. The company has a fifty day simple moving average of $25.20 and a 200-day simple moving average of $20.39. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 3.43 and a beta of 2.13. Triumph Group has a 52-week low of $11.01 and a 52-week high of $25.55.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data 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 net margin of 45.08% and a negative return on equity of 55.18%. On average, research analysts anticipate that Triumph Group will post 0.68 EPS for the current fiscal year.

Insider Activity

In related news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction that occurred 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. The trade was a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.31% of the company’s stock.

Institutional Trading of Triumph Group

Large investors have recently modified their holdings of the stock. Irenic Capital Management LP grew its stake in Triumph Group by 19.9% during the 4th quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company’s stock worth $70,666,000 after purchasing an additional 628,296 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of 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 worth $43,259,000 after buying an additional 1,286,568 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Triumph Group by 17.9% during the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock worth $34,145,000 after buying an additional 277,333 shares during the period. Geode Capital Management LLC raised its holdings in Triumph Group by 8.1% in 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 in the last quarter. Finally, First Trust Advisors LP lifted its stake in Triumph Group by 59.6% in the fourth quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company’s stock worth $31,764,000 after acquiring an additional 635,568 shares during the last quarter. Hedge funds and other 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.