Triumph Group (NYSE:TGI) Shares Gap Up to $13.58

Shares of Triumph Group, Inc. (NYSE:TGI - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $13.58, but opened at $14.25. Triumph Group shares last traded at $13.94, with a volume of 19,877 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TGI shares. Robert W. Baird upgraded Triumph Group from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $13.00 to $20.00 in a report on Tuesday, January 16th. Bank of America upgraded Triumph Group from an "underperform" rating to a "buy" rating and lifted their target price for the company from $9.00 to $21.00 in a report on Thursday, January 25th. Barclays upgraded Triumph Group from an "equal weight" rating to an "overweight" rating and set a $20.00 target price on the stock in a report on Friday, January 5th. The Goldman Sachs Group started coverage on Triumph Group in a report on Wednesday, March 20th. They issued a "buy" rating and a $18.00 target price on the stock. Finally, Wolfe Research upgraded Triumph Group from a "peer perform" rating to an "outperform" rating and set a $18.00 target price on the stock in a report on Thursday, March 28th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Triumph Group presently has an average rating of "Moderate Buy" and a consensus price target of $19.38.

Triumph Group Price Performance

The stock has a market capitalization of $1.05 billion, a P/E ratio of -19.97, a PEG ratio of 7.80 and a beta of 2.58. The stock's fifty day moving average is $14.41 and its 200-day moving average is $12.63.

Triumph Group (NYSE:TGI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The aerospace company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.30). Triumph Group had a negative net margin of 3.49% and a negative return on equity of 2.15%. The company had revenue of $285.00 million for the quarter, compared to analyst estimates of $367.96 million. During the same period in the prior year, the company posted $0.12 EPS. The firm's quarterly revenue was up 8.9% on a year-over-year basis. On average, research analysts expect that Triumph Group, Inc. will post -0.43 EPS for the current year.

Insider Transactions at Triumph Group

In other news, Director Neal J. Keating acquired 7,200 shares of the company's stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $14.53 per share, with a total value of $104,616.00. Following the completion of the acquisition, the director now owns 58,987 shares in the company, valued at approximately $857,081.11. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.40% of the company's stock.

Institutional Trading of Triumph Group

Several hedge funds have recently modified their holdings of the stock. Keeley Teton Advisors LLC grew its stake in shares of Triumph Group by 0.6% during the fourth quarter. Keeley Teton Advisors LLC now owns 120,877 shares of the aerospace company's stock valued at $2,004,000 after purchasing an additional 721 shares during the last quarter. Credit Suisse AG boosted its stake in Triumph Group by 1.0% in the second quarter. Credit Suisse AG now owns 73,758 shares of the aerospace company's stock valued at $980,000 after acquiring an additional 752 shares during the last quarter. First Trust Advisors LP boosted its stake in Triumph Group by 8.8% in the fourth quarter. First Trust Advisors LP now owns 12,352 shares of the aerospace company's stock valued at $205,000 after acquiring an additional 1,002 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Triumph Group by 5.9% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 20,420 shares of the aerospace company's stock valued at $253,000 after acquiring an additional 1,141 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Triumph Group by 0.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 250,975 shares of the aerospace company's stock valued at $2,640,000 after acquiring an additional 1,263 shares during the last quarter. 94.53% of the stock is owned by institutional investors.

About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, 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, exhaust nozzles and ducting, 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.