Short Interest in Triumph Group, Inc. (NYSE:TGI) Declines By 34.8%

Triumph Group, Inc. (NYSE:TGI) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 3,620,000 shares, a decline of 34.8% from the January 31st total of 5,550,000 shares. Based on an average daily volume of 1,460,000 shares, the days-to-cover ratio is currently 2.5 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TGI shares. TD Cowen raised shares of Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Wolfe Research lowered shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. Baird R W downgraded Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. StockNews.com initiated coverage on Triumph Group in a report on Saturday. They set a “hold” rating on the stock. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $26.00 target price (up from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat.com, Triumph Group presently has a consensus rating of “Hold” and an average target price of $18.78.

Triumph Group Price Performance

NYSE TGI opened at $25.33 on Friday. Triumph Group has a 1-year low of $11.01 and a 1-year high of $25.41. The firm has a market capitalization of $1.96 billion, a P/E ratio of 3.52 and a beta of 2.51. The business’s 50-day simple moving average is $21.36 and its 200-day simple moving average is $17.43.

Triumph Group (NYSE:TGI) last released its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, topping 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, equities research analysts expect that Triumph Group will post 0.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its stake in shares of Triumph Group by 1,189.0% in the third quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock valued at $133,000 after buying an additional 9,512 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in Triumph Group by 14.1% in the 3rd quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock worth $340,000 after acquiring an additional 3,253 shares during the period. Sasco Capital Inc. CT grew its position in Triumph Group by 50.5% in the third quarter. Sasco Capital Inc. CT now owns 71,473 shares of the aerospace company’s stock valued at $921,000 after acquiring an additional 23,990 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of Triumph Group by 61.2% during the third quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company’s stock valued at $440,000 after purchasing an additional 12,965 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Triumph Group by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 679,993 shares of the aerospace company’s stock worth $8,765,000 after purchasing an additional 26,969 shares in the last quarter. 94.53% of the stock is owned by hedge funds and other institutional investors.

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.