Triumph Group, Inc. (NYSE:TGI - Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as $26.01 and last traded at $26.00, with a volume of 1050076 shares traded. The stock had previously closed at $25.85.
Analyst Ratings Changes
TGI has been the subject of a number of recent analyst reports. Wall Street Zen assumed coverage on Triumph Group in a research report on Tuesday, May 20th. They set a "hold" rating for the company. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and raised their target price 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 stock. According to MarketBeat, Triumph Group has a consensus rating of "Hold" and a consensus target price of $20.63.
Get Our Latest Analysis on TGI
Triumph Group Stock Up 0.6%
The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 50.01 and a beta of 2.26. The stock's 50-day moving average price is $25.79 and its 200 day moving average price is $24.54.
Triumph Group (NYSE:TGI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The aerospace company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.31 by $0.17. Triumph Group had a negative return on equity of 74.53% and a net margin of 3.24%. The firm had revenue of $377.90 million during the quarter, compared to analysts' expectations of $334.04 million. During the same quarter in the prior year, the firm posted $0.31 EPS. The company's revenue for the quarter was up 5.4% on a year-over-year basis. On average, research analysts predict that Triumph Group, Inc. will post 0.68 EPS for the current year.
Institutional Investors Weigh In On Triumph Group
Institutional investors and hedge funds have recently bought and sold shares of the business. Sterling Capital Management LLC raised its holdings in shares of Triumph Group by 804.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock worth $44,000 after buying an additional 2,091 shares in the last quarter. KBC Group NV bought a new position in shares of Triumph Group during the first quarter valued at $79,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Triumph Group in the 1st quarter valued at $109,000. Strs Ohio acquired a new stake in shares of Triumph Group during the 1st quarter worth about $134,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings 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 valued at $126,000 after purchasing an additional 2,484 shares during the last quarter. Institutional investors own 94.53% of the company's stock.
Triumph Group Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Triumph Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Triumph Group wasn't on the list.
While Triumph Group currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.