Triumph Group (NYSE:TGI) Releases Earnings Results, Beats Expectations By $0.17 EPS

Triumph Group (NYSE:TGI - Get Free Report) issued its earnings results on Wednesday. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.17, Zacks reports. The company had revenue of $377.90 million for the quarter, compared to analysts' expectations of $334.04 million. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. The firm's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS.

Triumph Group Stock Down 0.0%

Shares of NYSE:TGI traded down $0.01 during trading on Monday, hitting $25.78. 661,055 shares of the stock traded hands, compared to its average volume of 1,213,865. The company has a fifty day moving average price of $25.32 and a two-hundred day moving average price of $22.74. Triumph Group has a 52-week low of $11.01 and a 52-week high of $25.86. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 3.58 and a beta of 2.34.

Insider Activity at Triumph Group

In related 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 value of $886,200.00. Following the sale, the chief accounting officer now owns 51,696 shares of the company's stock, valued at approximately $1,308,942.72. This trade represents a 40.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.31% of the stock is owned by company insiders.

Hedge Funds Weigh In On Triumph Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TGI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Triumph Group by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,658 shares of the aerospace company's stock valued at $1,106,000 after buying an additional 1,946 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Triumph Group by 17.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,555 shares of the aerospace company's stock valued at $5,716,000 after acquiring an additional 33,689 shares during the last quarter. Intech Investment Management LLC lifted its stake in Triumph Group by 9.8% in the 1st quarter. Intech Investment Management LLC now owns 63,761 shares of the aerospace company's stock worth $1,616,000 after purchasing an additional 5,710 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Triumph Group during the 1st quarter worth approximately $134,000. 94.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TGI. Wall Street Zen started coverage on shares of Triumph Group in a report on Tuesday, May 20th. They issued a "hold" rating on the stock. Truist Financial lifted their price target on Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. Wolfe Research lowered Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. Baird R W downgraded Triumph Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.63.

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.