Triumph Group (NYSE:TGI) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Triumph Group (NYSE:TGI) in a note issued to investors on Tuesday. The firm set a “hold” rating on the aerospace company’s stock.

Several other research firms also recently commented on TGI. Robert W. Baird reissued a “neutral” rating and set a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Barclays cut shares of Triumph Group from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. Wolfe Research cut shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, February 10th. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Finally, Truist Financial increased their price target on shares of Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat, Triumph Group currently has a consensus rating of “Hold” and a consensus price target of $18.78.

Triumph Group Stock Up 0.1 %

NYSE:TGI opened at $25.47 on Tuesday. The business’s 50-day simple moving average is $23.52 and its two-hundred day simple moving average is $18.78. Triumph Group has a 52 week low of $11.01 and a 52 week high of $25.48. The stock has a market cap of $1.97 billion, a PE ratio of 3.54 and a beta of 2.53.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. Sell-side analysts anticipate that Triumph Group will post 0.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction 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 $1,308,942.72. This trade represents a 40.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.31% of the stock is owned by insiders.

Institutional Trading of Triumph Group

A number of large investors have recently made changes to their positions in the stock. American Century Companies Inc. bought a new stake in shares of Triumph Group during the fourth quarter valued at approximately $30,845,000. Assenagon Asset Management S.A. raised its stake in Triumph Group by 124.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock worth $43,259,000 after buying an additional 1,286,568 shares in the last quarter. Norges Bank bought a new stake in Triumph Group during the 4th quarter valued at $15,945,000. First Trust Advisors LP increased its holdings in shares of Triumph Group by 59.6% in the 4th quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company’s stock valued at $31,764,000 after acquiring an additional 635,568 shares during the period. Finally, Irenic Capital Management LP increased its holdings in shares of Triumph Group by 19.9% in the 4th quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company’s stock valued at $70,666,000 after acquiring an additional 628,296 shares during the period. 94.53% of the stock is owned by hedge funds and other institutional investors.

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.