Triumph Group (NYSE:TGI) Sets New 1-Year High - Should You Buy?

Triumph Group, Inc. (NYSE:TGI - Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as $25.62 and last traded at $25.61, with a volume of 725822 shares traded. The stock had previously closed at $25.53.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TGI shares. Truist Financial increased their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. Barclays cut shares of Triumph Group from an "overweight" rating to an "equal weight" rating and upped their target price for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. Robert W. Baird restated a "neutral" rating and issued a $26.00 target price (up previously from $20.00) on shares of Triumph Group 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 upped their target price for the stock from $17.00 to $26.00 in a research report on Tuesday, April 15th. Finally, StockNews.com assumed coverage on shares of Triumph Group in a research report on Monday. They issued a "hold" rating for the company. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $20.63.

Triumph Group Trading Up 0.1%

The firm has a market capitalization of $1.99 billion, a P/E ratio of 3.57 and a beta of 2.34. The business's fifty day moving average is $25.24 and its 200 day moving average is $21.78.

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 for the quarter, topping analysts' consensus estimates 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, sell-side analysts predict that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 value of $886,200.00. Following the completion of the transaction, the chief accounting officer now owns 51,696 shares of the company's stock, valued at approximately $1,308,942.72. This trade represents a 40.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Triumph Group

Several institutional investors and hedge funds have recently modified their holdings of TGI. Cornerstone Wealth Management LLC lifted its position in Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock worth $298,000 after acquiring an additional 580 shares during the last quarter. Rafferty Asset Management LLC lifted its position in Triumph Group by 4.7% during the 4th quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company's stock worth $370,000 after acquiring an additional 896 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Triumph Group by 0.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company's stock worth $5,624,000 after acquiring an additional 1,400 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Triumph Group by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,712 shares of the aerospace company's stock worth $778,000 after acquiring an additional 1,563 shares during the last quarter. Finally, Brevan Howard Capital Management LP lifted its position in Triumph Group by 17.1% during the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock worth $230,000 after acquiring an additional 1,798 shares during the last quarter. 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.