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

StockNews.com started coverage on shares of Triumph Group (NYSE:TGI) in a report released on Monday morning. The brokerage issued a hold rating on the aerospace company’s stock.

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

Triumph Group Trading Down 0.2 %

Shares of TGI opened at $25.39 on Monday. Triumph Group has a 1-year low of $11.01 and a 1-year high of $25.44. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 3.53 and a beta of 2.53. The firm’s 50-day moving average price is $22.83 and its 200-day moving average price is $18.36.

Triumph Group (NYSE:TGI) last announced its earnings results 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%. On average, research analysts forecast that Triumph Group will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling at Triumph Group

In related news, CAO Jennifer H. Allen sold 35,000 shares of the business’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 transaction of $886,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,696 shares in the company, valued at approximately $1,308,942.72. The trade was a 40.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.31% of the company’s stock.

Institutional Trading of Triumph Group

Several institutional investors have recently made changes to their positions in TGI. Sterling Capital Management LLC raised its holdings in shares of Triumph Group by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 2,091 shares in the last quarter. 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 worth $126,000 after buying an additional 2,484 shares during the last quarter. Brevan Howard Capital Management LP raised its position in shares of Triumph Group by 17.1% during the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock valued at $230,000 after buying an additional 1,798 shares in the last quarter. Centiva Capital LP bought a new position in shares of Triumph Group in the 3rd quarter valued at about $255,000. Finally, Capula Management Ltd bought a new stake in Triumph Group during the fourth quarter worth approximately $297,000. Hedge funds and other institutional investors 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.