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

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

TGI has been the topic of several other reports. Wolfe Research cut Triumph Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, February 10th. Baird R W lowered Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Robert W. Baird restated a “neutral” rating and set a $26.00 price target (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Truist Financial increased their target price on Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. Finally, TD Cowen raised shares of Triumph Group to a “hold” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, Triumph Group currently has an average rating of “Hold” and an average price target of $18.78.

Triumph Group Trading Up 0.3 %

Triumph Group stock opened at $25.41 on Monday. Triumph Group has a 1-year low of $11.01 and a 1-year high of $25.44. The firm has a 50 day simple moving average of $22.70 and a 200 day simple moving average of $18.28. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 3.53 and a beta of 2.52.

Triumph Group (NYSE:TGI) last announced its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates 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, equities research analysts forecast that Triumph Group will post 0.68 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction that occurred on Thursday, March 13th. The shares were 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 of the company’s stock, valued at $1,308,942.72. The trade was a 40.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.31% of the company’s stock.

Institutional Trading of Triumph Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. 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 during the period. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Triumph Group by 58.1% during the fourth 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 in the last quarter. Brevan Howard Capital Management LP increased its holdings in Triumph Group by 17.1% in the fourth 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 during the last quarter. Centiva Capital LP purchased a new position in Triumph Group in the third quarter valued at approximately $255,000. Finally, Capula Management Ltd purchased a new stake in Triumph Group in the fourth quarter valued at $297,000. Hedge funds and other 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.