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

Triumph Group, Inc. (NYSE:TGI) shares hit a new 52-week high on Wednesday . The company traded as high as $25.44 and last traded at $25.29, with a volume of 484 shares changing hands. The stock had previously closed at $25.30.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TGI shares. Baird R W downgraded Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Truist Financial upped their target price on Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Barclays downgraded Triumph Group from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. StockNews.com assumed coverage on Triumph Group in a report on Friday, February 21st. They issued a “hold” rating on the stock. 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 report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $18.78.

Triumph Group Price Performance

The firm has a fifty day simple moving average of $20.90 and a 200 day simple moving average of $17.20. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 3.51 and a beta of 2.51.

Triumph Group (NYSE:TGI) last announced its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 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%. Analysts expect that Triumph Group, Inc. will post 0.68 earnings per share for the current year.

Hedge Funds Weigh In On Triumph Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Triumph Group by 17.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,866 shares of the aerospace company’s stock valued at $3,580,000 after purchasing an additional 29,093 shares during the last quarter. Rafferty Asset Management LLC boosted its position in shares of Triumph Group by 4.7% in the fourth quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company’s stock valued at $370,000 after acquiring an additional 896 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Triumph Group by 58.1% in the fourth 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. ProShare Advisors LLC boosted its position in shares of Triumph Group by 44.2% in the fourth quarter. ProShare Advisors LLC now owns 22,191 shares of the aerospace company’s stock valued at $414,000 after acquiring an additional 6,806 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in shares of Triumph Group by 16.4% in the fourth quarter. Nuveen Asset Management LLC now owns 248,644 shares of the aerospace company’s stock valued at $4,640,000 after acquiring an additional 34,974 shares during the period. Institutional investors and hedge funds 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.