Triumph Group (NYSE:TGI) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Triumph Group (NYSE:TGI - Get Free Report) in a research report issued on Sunday. The firm set a "hold" rating on the aerospace company's stock.

TGI has been the subject of a number of other reports. Wolfe Research downgraded Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. Robert W. Baird reaffirmed a "neutral" rating and set a $26.00 price target (up from $20.00) on shares of Triumph Group in a research note 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. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $17.00 to $26.00 in a report on Tuesday, April 15th. Finally, 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 note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. According to MarketBeat.com, Triumph Group has a consensus rating of "Hold" and a consensus price target of $20.63.

Triumph Group Stock Up 0.1 %

Shares of TGI traded up $0.02 during trading hours on Friday, reaching $25.53. The stock had a trading volume of 537,757 shares, compared to its average volume of 1,229,370. The company has a market cap 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 $25.58. The firm has a 50-day moving average of $25.20 and a 200 day moving average of $21.40.

Triumph Group (NYSE:TGI - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 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%. As a group, equities analysts expect that Triumph Group will post 0.68 earnings per share for the current year.

Insider Activity at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total transaction of $886,200.00. Following the sale, the chief accounting officer now directly owns 51,696 shares of the company's stock, valued at approximately $1,308,942.72. This represents a 40.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Triumph Group

A number of large investors have recently bought and sold shares of TGI. Assenagon Asset Management S.A. raised its position in Triumph Group by 124.7% during 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 in the last quarter. Barclays PLC increased its holdings in shares of Triumph Group by 155.8% during the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock worth $1,915,000 after buying an additional 90,456 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Triumph Group during the 4th quarter valued at $1,095,000. JPMorgan Chase & Co. grew its position in Triumph Group by 1,207.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock worth $6,946,000 after acquiring an additional 497,684 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in Triumph Group in the 4th quarter worth about $30,845,000. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.