Triumph Group (NYSE:TGI) Sets New 52-Week High - Still a Buy?

Triumph Group, Inc. (NYSE:TGI - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The company traded as high as $25.58 and last traded at $25.50, with a volume of 151136 shares. The stock had previously closed at $25.50.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TGI shares. StockNews.com started coverage on Triumph Group in a research note on Sunday. They issued a "hold" rating for the company. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and upped their target price for the company from $17.00 to $26.00 in a research report on Tuesday, April 15th. Wolfe Research cut shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. Baird R W lowered shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Truist Financial lifted their target price on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. One research 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 company has a consensus rating of "Hold" and a consensus price target of $20.63.

Triumph Group Stock Performance

The company has a 50-day moving average of $25.20 and a 200-day moving average of $21.40. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 3.55 and a beta of 2.34.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings data 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%. As a group, analysts anticipate that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Jennifer H. Allen sold 35,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 51,696 shares of the company's stock, valued at $1,308,942.72. This trade represents a 40.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is owned by corporate insiders.

Institutional Trading of Triumph Group

A number of hedge funds and other institutional investors have recently modified their holdings of TGI. Irenic Capital Management LP boosted its holdings in shares of Triumph Group by 19.9% in the 4th quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company's stock valued at $70,666,000 after buying an additional 628,296 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Triumph Group by 124.7% in 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 purchasing an additional 1,286,568 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Triumph Group by 17.9% during the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company's stock worth $34,145,000 after purchasing an additional 277,333 shares during the period. First Trust Advisors LP grew its holdings in Triumph Group by 59.6% during the fourth quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company's stock worth $31,764,000 after purchasing an additional 635,568 shares during the period. Finally, American Century Companies Inc. acquired a new position in Triumph Group during the fourth quarter worth approximately $30,845,000. Institutional investors and hedge funds own 94.53% of the company's stock.

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.