Triumph Group (NYSE:TGI) Sets New 52-Week High – Should You Buy?

Triumph Group, Inc. (NYSE:TGI) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $25.44 and last traded at $25.42, with a volume of 259625 shares trading hands. The stock had previously closed at $25.34.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wolfe Research cut Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. Robert W. Baird reaffirmed a “neutral” rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. 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. StockNews.com assumed coverage on Triumph Group in a report on Sunday, March 9th. They issued a “hold” rating for the company. Finally, TD Cowen upgraded Triumph Group to a “hold” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.78.

Triumph Group Stock Up 0.2 %

The business’s 50 day simple moving average is $22.42 and its 200-day simple moving average is $18.09. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 3.53 and a beta of 2.52.

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%. On average, analysts expect that Triumph Group, Inc. will post 0.68 earnings per share for the current year.

Institutional Trading of Triumph Group

Several hedge funds have recently modified their holdings of the stock. Old West Investment Management LLC boosted its position in Triumph Group by 1.3% in the third quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company’s stock worth $547,000 after purchasing an additional 565 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in Triumph Group by 3.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock worth $298,000 after purchasing an additional 580 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in shares of Triumph Group by 4.7% during the 4th quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company’s stock valued at $370,000 after purchasing an additional 896 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Triumph Group by 0.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company’s stock valued at $5,624,000 after purchasing an additional 1,400 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 worth $778,000 after acquiring an additional 1,563 shares during the last quarter. 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.