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

Triumph Group, Inc. (NYSE:TGI - Get Free Report) saw a significant increase in short interest in 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. Based on an average trading volume of 2,220,000 shares, the days-to-cover ratio is currently 3.0 days. Currently, 9.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Barclays lowered Triumph Group from an "overweight" rating to an "equal weight" rating and raised their price objective for the company from $21.00 to $26.00 in a research note on Thursday, February 6th. Truist Financial lifted their price target on Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and boosted their price objective for the stock from $17.00 to $26.00 in a research note on Tuesday, April 15th. StockNews.com started coverage on shares of Triumph Group in a research report on Sunday. They issued a "hold" rating for the company. Finally, Robert W. Baird reissued a "neutral" rating and issued a $26.00 price objective (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $20.63.

Insider Buying and Selling at Triumph Group

In other Triumph Group 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 transaction, the chief accounting officer now owns 51,696 shares of the company's stock, valued at $1,308,942.72. The trade was a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Triumph Group

Hedge funds have recently made changes to their positions in the business. Cornerstone Wealth Management LLC grew its stake in Triumph Group by 3.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock worth $298,000 after buying an additional 580 shares during the period. Rafferty Asset Management LLC raised its stake in Triumph Group by 4.7% during the fourth quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company's stock valued at $370,000 after buying an additional 896 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Triumph Group by 0.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company's stock worth $5,624,000 after purchasing an additional 1,400 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Triumph Group by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,712 shares of the aerospace company's stock valued at $778,000 after buying an additional 1,563 shares during the last quarter. Finally, Brevan Howard Capital Management LP lifted its holdings in shares of Triumph Group by 17.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock worth $230,000 after purchasing an additional 1,798 shares during the last quarter. Institutional investors and hedge funds own 94.53% of the company's stock.

Triumph Group Stock Performance

Shares of NYSE TGI remained flat at $25.53 during midday trading on Thursday. The stock had a trading volume of 82,339 shares, compared to its average volume of 1,227,928. Triumph Group has a 1-year low of $11.01 and a 1-year high of $25.95. The company has a market cap of $1.98 billion, a P/E ratio of 3.55 and a beta of 2.34. The firm has a fifty day simple moving average of $25.21 and a two-hundred day simple moving average of $21.43.

Triumph Group (NYSE:TGI - Get Free Report) last issued its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) 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, analysts anticipate that Triumph Group will post 0.68 EPS for the current fiscal year.

Triumph Group Company Profile

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.