Triumph Group (NYSE:TGI) Hits New 1-Year High – Here’s What Happened

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

Analyst Upgrades and Downgrades

TGI has been the subject of several research analyst reports. Barclays downgraded shares of Triumph Group from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. Robert W. Baird reaffirmed 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. Wolfe Research downgraded shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. StockNews.com initiated coverage on shares of Triumph Group in a report on Sunday, March 9th. They issued a “hold” rating for the company. Finally, TD Cowen raised shares of Triumph Group to a “hold” rating in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Triumph Group currently has an average rating of “Hold” and an average price target of $18.78.

Triumph Group Trading Up 0.3 %

The company has a fifty day simple moving average of $22.70 and a 200-day simple moving average of $18.25. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 3.53 and a beta of 2.52.

Triumph Group (NYSE:TGI) last posted 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 negative return on equity of 55.18% and a net margin of 45.08%. As a group, analysts anticipate that Triumph Group, Inc. will post 0.68 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Jennifer H. Allen sold 35,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $25.32, for a total value of $886,200.00. Following the transaction, the chief accounting officer now owns 51,696 shares in the company, valued at $1,308,942.72. This represents a 40.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.31% of the company’s stock.

Hedge Funds Weigh In On Triumph Group

A number of large investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Triumph Group by 17.9% in the 4th 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 period. Rafferty Asset Management LLC increased its holdings in shares of Triumph Group by 4.7% in 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 period. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Triumph Group by 58.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock valued at $126,000 after purchasing an additional 2,484 shares during the period. ProShare Advisors LLC increased its holdings in shares of Triumph Group by 44.2% in the 4th quarter. ProShare Advisors LLC now owns 22,191 shares of the aerospace company’s stock valued at $414,000 after purchasing an additional 6,806 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in shares of Triumph Group by 16.4% in the 4th quarter. Nuveen Asset Management LLC now owns 248,644 shares of the aerospace company’s stock valued at $4,640,000 after purchasing an additional 34,974 shares during the period. Institutional investors and hedge funds 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.