Triumph Group (NYSE:TGI) Reaches New 1-Year High - Here's What Happened

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TGI shares. JPMorgan Chase & Co. raised 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. Baird R W lowered Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Barclays lowered shares of Triumph Group from an "overweight" rating to an "equal weight" rating and lifted their price objective for the company 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 target (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Finally, Wolfe Research lowered shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company's stock. According to data from MarketBeat, Triumph Group presently has an average rating of "Hold" and a consensus target price of $20.63.

Triumph Group Stock Performance

The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 3.56 and a beta of 2.34. The business's 50 day moving average price is $25.22 and its 200-day moving average price is $21.67.

Triumph Group (NYSE:TGI - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. On average, analysts forecast that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Activity at Triumph Group

In other Triumph Group 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 transaction of $886,200.00. Following the completion of the sale, the chief accounting officer now owns 51,696 shares in the company, valued at $1,308,942.72. The trade was a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.31% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC lifted its holdings in Triumph Group by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock worth $44,000 after acquiring an additional 2,091 shares during the last quarter. KBC Group NV acquired a new stake in shares of Triumph Group during the 1st quarter worth approximately $79,000. Point72 Asia Singapore Pte. Ltd. grew its stake in Triumph Group by 58.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company's stock worth $126,000 after buying an additional 2,484 shares during the last quarter. Brevan Howard Capital Management LP grew its stake 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 buying an additional 1,798 shares during the last quarter. Finally, Optimist Retirement Group LLC bought a new position in Triumph Group during the 1st quarter worth $284,000. 94.53% of the stock is owned by institutional investors and hedge funds.

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.