Triumph Group (NYSE:TGI) Reaches New 1-Year High After Better-Than-Expected Earnings

Triumph Group, Inc. (NYSE:TGI - Get Free Report) shares hit a new 52-week high during trading on Wednesday following a better than expected earnings announcement. The stock 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 business had revenue of $377.90 million during the quarter, compared to the consensus estimate of $334.04 million. During the same quarter last year, the firm earned $0.31 earnings per share. The business's revenue for the quarter was up 5.4% on a year-over-year basis.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TGI shares. Robert W. Baird reissued a "neutral" rating and set a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Truist Financial raised 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 downgraded shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. raised shares of Triumph Group from an "underweight" rating to a "neutral" rating and raised their price target for the company from $17.00 to $26.00 in a research report on Tuesday, April 15th. Finally, Wolfe Research downgraded shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat, Triumph Group presently has a consensus rating of "Hold" and a consensus target price of $20.63.

Insider Buying and Selling

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 transaction of $886,200.00. Following the transaction, the chief accounting officer now owns 51,696 shares in the company, valued at approximately $1,308,942.72. The trade was a 40.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Strs Ohio purchased a new position in shares of Triumph Group during the 1st quarter valued at $134,000. Intech Investment Management LLC lifted its stake in shares of Triumph Group by 9.8% during the 1st quarter. Intech Investment Management LLC now owns 63,761 shares of the aerospace company's stock valued at $1,616,000 after buying an additional 5,710 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Triumph Group by 17.6% during 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 buying an additional 33,689 shares in the last quarter. Aristeia Capital L.L.C. purchased a new position in shares of Triumph Group during the 1st quarter valued at $251,000. Finally, Caxton Associates LLP bought a new stake in Triumph Group in the 1st quarter valued at $1,009,000. Hedge funds and other institutional investors own 94.53% of the company's stock.

Triumph Group Stock Performance

The company has a market capitalization of $2.00 billion, a P/E ratio of 3.58 and a beta of 2.34. The business's fifty day simple moving average is $25.31 and its 200-day simple moving average is $22.63.

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.