Analysts at StockNews.com assumed coverage on shares of Triumph Group (NYSE:TGI - Get Free Report) in a research note issued on Sunday. The brokerage set a "hold" rating on the aerospace company's stock.
Other equities research analysts also recently issued research reports about the company. Wolfe Research downgraded Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. 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. 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. JPMorgan Chase & Co. raised shares of Triumph Group from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $17.00 to $26.00 in a research report on Tuesday, April 15th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $26.00 price target (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 assigned a hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $20.63.
Check Out Our Latest Stock Analysis on TGI
Triumph Group Stock Performance
Shares of Triumph Group stock traded down $0.02 on Friday, reaching $25.59. 122,892 shares of the company's stock were exchanged, compared to its average volume of 1,831,902. The company has a market capitalization of $1.98 billion, a P/E ratio of 3.55 and a beta of 2.34. Triumph Group has a 52 week low of $11.01 and a 52 week high of $25.65. The firm's 50-day moving average is $25.21 and its two-hundred day moving average is $21.50.
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 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, analysts expect that Triumph Group will post 0.68 EPS for the current fiscal year.
Insider Transactions at Triumph Group
In related 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 completion of the sale, the chief accounting officer now owns 51,696 shares in the company, valued at approximately $1,308,942.72. This trade represents a 40.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.31% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Irenic Capital Management LP lifted its stake in Triumph Group by 19.9% in the fourth quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company's stock valued at $70,666,000 after purchasing an additional 628,296 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Triumph Group by 124.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock valued at $43,259,000 after buying an additional 1,286,568 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Triumph Group by 17.9% during the 4th quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company's stock worth $34,145,000 after acquiring an additional 277,333 shares during the period. First Trust Advisors LP increased its holdings in Triumph Group by 59.6% in the 4th quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company's stock worth $31,764,000 after acquiring an additional 635,568 shares during the last quarter. Finally, American Century Companies Inc. bought a new stake in Triumph Group in the 4th quarter valued at about $30,845,000. 94.53% of the stock is owned by institutional investors.
About Triumph Group
(
Get Free Report)
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.
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