Triumph Group (NYSE:TGI) Reaches New 52-Week High - Time to Buy?

Triumph Group, Inc. (NYSE:TGI - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $25.96 and last traded at $25.88, with a volume of 3233613 shares changing hands. The stock had previously closed at $25.94.

Analyst Upgrades and Downgrades

TGI has been the topic of several research reports. Wall Street Zen initiated coverage on Triumph Group in a research note on Tuesday, May 20th. They set a "hold" rating on the stock. JPMorgan Chase & Co. raised Triumph Group from an "underweight" rating to a "neutral" rating and upped their price target for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.63.

Triumph Group Price Performance

The company has a market cap of $2.01 billion, a price-to-earnings ratio of 3.58 and a beta of 2.31. The stock has a 50-day moving average price of $25.44 and a 200 day moving average price of $23.20.

Triumph Group (NYSE:TGI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.17. The business had revenue of $377.90 million during the quarter, compared to the consensus estimate of $334.04 million. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. Triumph Group's quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $0.31 earnings per share. Sell-side analysts expect that Triumph Group, Inc. will post 0.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Barclays PLC grew its holdings in shares of Triumph Group by 155.8% during 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 position in Triumph Group in the fourth quarter valued at approximately $1,095,000. American Century Companies Inc. bought a new position in Triumph Group in the fourth quarter valued at approximately $30,845,000. Principal Financial Group Inc. grew its stake in Triumph Group by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company's stock valued at $6,996,000 after purchasing an additional 10,629 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in 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. 94.53% of the stock is currently owned by institutional investors.

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.