Triumph Group (NYSE:TGI) Reaches New 12-Month High Following Earnings Beat

Triumph Group, Inc. (NYSE:TGI - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday following a stronger than expected earnings report. The company traded as high as $25.79 and last traded at $25.71, with a volume of 501 shares trading hands. The stock had previously closed at $25.71.

The aerospace company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.17. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. The firm had revenue of $377.90 million during the quarter, compared to the consensus estimate of $334.04 million. During the same period in the prior year, the firm earned $0.31 EPS. The company's revenue was up 5.4% compared to the same quarter last year.

Analyst Ratings Changes

A number of analysts recently commented on TGI shares. Wall Street Zen assumed coverage on shares of Triumph Group in a research note on Tuesday, May 20th. They set a "hold" rating on the stock. Truist Financial increased 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. Barclays downgraded shares of Triumph Group from an "overweight" rating to an "equal weight" rating and increased their price target for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. Robert W. Baird reaffirmed a "neutral" rating and set a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Finally, Baird R W lowered Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $20.63.

Insider Buying and Selling

In other news, CAO Jennifer H. Allen sold 35,000 shares of the business's 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 transaction, the chief accounting officer now owns 51,696 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. 2.31% of the stock is currently owned by insiders.

Institutional Trading of Triumph Group

Hedge funds have recently bought and sold shares of the stock. Barclays PLC lifted its position in shares of Triumph Group by 155.8% in 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. bought a new stake in Triumph Group in the 4th quarter worth approximately $1,095,000. American Century Companies Inc. purchased a new stake in shares of Triumph Group during the 4th quarter worth approximately $30,845,000. Principal Financial Group Inc. boosted its position in shares of Triumph Group by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company's stock valued at $6,996,000 after acquiring an additional 10,629 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Triumph Group by 17.9% in the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company's stock valued at $34,145,000 after purchasing an additional 277,333 shares in the last quarter. Hedge funds and other institutional investors own 94.53% of the company's stock.

Triumph Group Stock Down 0.1%

The business's fifty day moving average is $25.32 and its two-hundred day moving average is $22.71. The stock has a market capitalization of $2.00 billion, a PE ratio of 3.58 and a beta of 2.34.

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.