StockNews.com Initiates Coverage on Triumph Group (NYSE:TGI)

Investment analysts at StockNews.com started coverage on shares of Triumph Group (NYSE:TGI) in a report issued on Monday. The brokerage set a “hold” rating on the aerospace company’s stock.

Several other equities analysts also recently issued reports on TGI. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a report on Thursday, December 19th. Truist Financial raised their price target on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Baird R W downgraded shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Wolfe Research downgraded Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. Finally, Barclays cut Triumph Group from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat, Triumph Group has an average rating of “Hold” and an average price target of $18.78.

Triumph Group Stock Down 0.0 %

NYSE:TGI opened at $25.39 on Monday. The firm has a 50 day moving average of $22.97 and a 200 day moving average of $18.44. Triumph Group has a 52 week low of $11.01 and a 52 week high of $25.44. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 3.53 and a beta of 2.53.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data 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%. As a group, analysts expect that Triumph Group will post 0.68 EPS for the current year.

Insider Buying and Selling at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total value of $886,200.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.31% of the company’s stock.

Hedge Funds Weigh In On Triumph Group

Several large investors have recently made changes to their positions in the company. GSA Capital Partners LLP increased its holdings in Triumph Group by 14.1% in the third quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock valued at $340,000 after buying an additional 3,253 shares in the last quarter. Sasco Capital Inc. CT grew its position in shares of Triumph Group by 50.5% during the 3rd 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 during the period. Intech Investment Management LLC increased its stake in shares of Triumph Group by 61.2% in the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Triumph Group by 4.1% in the 3rd 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 during the period. Finally, Fisher Asset Management LLC boosted its position in Triumph Group by 0.3% during the third quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock worth $20,012,000 after purchasing an additional 5,377 shares in the last quarter. 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.