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

StockNews.com initiated coverage on shares of Triumph Group (NYSE:TGI) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the aerospace company’s stock.

Several other research analysts also recently commented on TGI. Barclays downgraded shares of Triumph Group from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $21.00 to $26.00 in a research report on Thursday, February 6th. Truist Financial increased their target price 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. Wolfe Research cut shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Finally, Baird R W lowered Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $18.88.

Triumph Group Price Performance

Shares of NYSE:TGI opened at $24.66 on Thursday. The business’s 50 day simple moving average is $25.26 and its 200 day simple moving average is $19.94. Triumph Group has a 1 year low of $11.01 and a 1 year high of $25.55. The company has a market capitalization of $1.91 billion, a P/E ratio of 3.42 and a beta of 2.13.

Triumph Group (NYSE:TGI) last released 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, sell-side analysts anticipate that Triumph Group will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling

In other Triumph Group 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 value of $886,200.00. Following the transaction, the chief accounting officer now directly owns 51,696 shares of the company’s stock, valued at approximately $1,308,942.72. The trade was a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.31% of the stock is owned by insiders.

Institutional Trading of Triumph Group

Hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC grew its holdings in Triumph Group by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 2,091 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its position in 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 buying an additional 2,484 shares in the last quarter. Brevan Howard Capital Management LP increased its position in Triumph Group by 17.1% in 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 acquired a new position in Triumph Group during the 3rd quarter worth approximately $255,000. Finally, Capula Management Ltd bought a new position in Triumph Group in the fourth quarter worth approximately $297,000. 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.