Triumph Group, Inc. (NYSE:TGI) Short Interest Update

Triumph Group, Inc. (NYSE:TGI - Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 6,770,000 shares, an increase of 23.3% from the March 31st total of 5,490,000 shares. Approximately 9.0% of the company's shares are short sold. Based on an average trading volume of 2,220,000 shares, the days-to-cover ratio is currently 3.0 days.

Insider Buying and Selling at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction dated 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 owns 51,696 shares of the company's stock, valued at approximately $1,308,942.72. This represents a 40.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.31% of the company's stock.

Institutional Investors Weigh In On Triumph Group

Several hedge funds have recently bought and sold shares of TGI. American Century Companies Inc. acquired a new position in shares of Triumph Group during the 4th quarter worth approximately $30,845,000. Assenagon Asset Management S.A. raised its position in shares of Triumph Group by 124.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock valued at $43,259,000 after purchasing an additional 1,286,568 shares during the period. Norges Bank acquired a new stake in shares of Triumph Group during the 4th quarter worth about $15,945,000. First Trust Advisors LP boosted its holdings in shares of Triumph Group by 59.6% during the 4th quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company's stock worth $31,764,000 after buying an additional 635,568 shares during the period. Finally, Irenic Capital Management LP grew its stake in Triumph Group by 19.9% in the 4th quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company's stock valued at $70,666,000 after buying an additional 628,296 shares during the last quarter. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Triumph Group Price Performance

NYSE:TGI traded up $0.02 on Monday, hitting $25.49. 632,277 shares of the company's stock were exchanged, compared to its average volume of 1,231,969. The firm has a 50-day moving average price of $25.20 and a 200-day moving average price of $21.37. Triumph Group has a 52 week low of $11.01 and a 52 week high of $25.70. The company has a market cap of $1.97 billion, a P/E ratio of 3.54 and a beta of 2.13.

Triumph Group (NYSE:TGI - Get Free Report) 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, research analysts expect that Triumph Group will post 0.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TGI has been the topic of several recent analyst reports. Baird R W lowered shares of Triumph Group from a "strong-buy" rating to 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 from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. StockNews.com initiated coverage on shares of Triumph Group in a report on Sunday. They issued a "hold" rating for the company. JPMorgan Chase & Co. raised Triumph Group from an "underweight" rating to a "neutral" rating and boosted their target price for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th. Finally, Barclays lowered Triumph Group from an "overweight" rating to an "equal weight" rating and raised their price target for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company's stock. Based on data from MarketBeat, Triumph Group presently has an average rating of "Hold" and a consensus target price of $20.63.

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.