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

Analysts at StockNews.com began coverage on shares of Triumph Group (NYSE:TGI - Get Free Report) in a note issued to investors on Saturday. The brokerage set a "hold" rating on the aerospace company's stock.

Several other analysts have also recently commented on the stock. Truist Financial raised their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Robert W. Baird reissued a "neutral" rating and set a $26.00 price target (up previously 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. JPMorgan Chase & Co. raised Triumph Group from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $17.00 to $26.00 in a report on Tuesday, April 15th. Finally, Barclays lowered Triumph Group from an "overweight" rating to an "equal weight" rating and upped their target price for the company from $21.00 to $26.00 in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $20.63.

Triumph Group Stock Performance

NYSE:TGI traded up $0.11 during mid-day trading on Friday, reaching $25.51. The stock had a trading volume of 1,125,239 shares, compared to its average volume of 1,231,920. Triumph Group has a twelve month low of $11.01 and a twelve month high of $25.55. The business has a 50 day simple moving average of $25.19 and a 200 day simple moving average of $21.14. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 3.54 and a beta of 2.13.

Triumph Group (NYSE:TGI - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, beating 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%. As a group, sell-side analysts expect that Triumph Group will post 0.68 earnings per share for the current year.

Insider Buying and Selling

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $25.32, for a total transaction of $886,200.00. Following the sale, the chief accounting officer now directly owns 51,696 shares of the company's stock, valued at $1,308,942.72. This trade represents a 40.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.31% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Triumph Group

Institutional investors and hedge funds have recently modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in Triumph Group by 124.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock worth $43,259,000 after acquiring an additional 1,286,568 shares during the period. Barclays PLC grew its position in shares of Triumph Group by 155.8% in the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock valued at $1,915,000 after purchasing an additional 90,456 shares during the period. Raymond James Financial Inc. acquired a new position in Triumph Group in the fourth quarter valued at $1,095,000. JPMorgan Chase & Co. lifted its position in 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 buying an additional 497,684 shares during the period. Finally, American Century Companies Inc. acquired a new stake in Triumph Group in the 4th quarter worth about $30,845,000. 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.