Triumph Group, Inc. (NYSE:TGI) Sees Significant Decline in Short Interest

Triumph Group, Inc. (NYSE:TGI) was the target of a large decrease in short interest in February. As of February 15th, there was short interest totalling 3,620,000 shares, a decrease of 34.8% from the January 31st total of 5,550,000 shares. Based on an average daily trading volume, of 1,460,000 shares, the short-interest ratio is currently 2.5 days.

Analyst Ratings Changes

TGI has been the subject of a number of analyst reports. Barclays downgraded Triumph Group from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. TD Cowen raised Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Robert W. Baird reaffirmed a “neutral” rating and issued a $26.00 price objective (up from $20.00) on shares of Triumph Group 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 note on Monday, February 10th. Finally, StockNews.com assumed coverage on Triumph Group in a research note on Saturday. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. According to MarketBeat.com, Triumph Group has a consensus rating of “Hold” and an average target price of $18.78.

Triumph Group Price Performance

Triumph Group stock traded down $0.08 during mid-day trading on Tuesday, hitting $25.23. 1,886,271 shares of the company were exchanged, compared to its average volume of 976,999. The business’s 50 day simple moving average is $21.63 and its two-hundred day simple moving average is $17.63. The company has a market capitalization of $1.95 billion, a P/E ratio of 3.50 and a beta of 2.51. Triumph Group has a 12-month low of $11.01 and a 12-month high of $25.44.

Triumph Group (NYSE:TGI) last released its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share 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%. Equities research analysts predict that Triumph Group will post 0.68 earnings per share for the current year.

Institutional Investors Weigh In On Triumph Group

Hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its holdings in shares of Triumph Group by 124.7% during 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 purchasing an additional 1,286,568 shares during the last quarter. Barclays PLC boosted its holdings in shares of Triumph Group by 155.8% during the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock worth $1,915,000 after purchasing an additional 90,456 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Triumph Group by 1,207.4% during the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock worth $6,946,000 after purchasing an additional 497,684 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Triumph Group by 8.1% during the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock worth $22,340,000 after purchasing an additional 129,391 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Triumph Group by 13.4% during the third quarter. BNP Paribas Financial Markets now owns 449,792 shares of the aerospace company’s stock worth $5,798,000 after purchasing an additional 53,092 shares during the last quarter. 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.