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

StockNews.com initiated coverage on shares of Triumph Group (NYSE:TGI - Free Report) in a report issued on Monday. The firm issued a hold rating on the aerospace company's stock.

TGI has been the topic of several other research reports. JPMorgan Chase & Co. raised shares of Triumph Group from an "underweight" rating to a "neutral" rating and raised their price objective for the company from $17.00 to $26.00 in a research report on Tuesday, April 15th. Wolfe Research lowered shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. Truist Financial lifted their price target on shares of Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a research report on Tuesday, February 4th. Baird R W lowered shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Barclays lowered shares of Triumph Group from an "overweight" rating to an "equal weight" rating and lifted their price target for the company from $21.00 to $26.00 in a research 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $20.63.

Triumph Group Stock Performance

Shares of TGI stock traded up $0.06 during trading on Monday, hitting $25.73. 176,452 shares of the company were exchanged, compared to its average volume of 1,229,617. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 3.57 and a beta of 2.34. The business's 50-day simple moving average is $25.25 and its 200 day simple moving average is $21.88. Triumph Group has a twelve month low of $11.01 and a twelve month high of $25.80.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. On average, equities analysts forecast that Triumph Group will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction 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 sale, the chief accounting officer now owns 51,696 shares in the company, valued at $1,308,942.72. The trade was a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Triumph Group

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

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.