Triumph Group (NYSE:TGI) Reaches New 12-Month High - Still a Buy?

Triumph Group, Inc. (NYSE:TGI - Get Free Report)'s stock price reached a new 52-week high during trading 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.

Analysts Set New Price Targets

Several research firms recently commented on TGI. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $17.00 to $26.00 in a research report on Tuesday, April 15th. Wall Street Zen began coverage on Triumph Group in a report on Tuesday, May 20th. They issued a "hold" rating for the company. One research analyst has rated the stock with a sell rating and ten have given a hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $20.63.

Triumph Group Trading 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 business's 50-day simple moving average is $25.81 and its two-hundred day simple moving average is $24.74.

Triumph Group (NYSE:TGI - Get Free Report) last released its earnings results on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share for the quarter, beating 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 net margin of 3.24% and a negative return on equity of 74.53%. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS. On average, analysts forecast that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Institutional Trading of Triumph Group

Large investors have recently modified their holdings of the stock. Sterling Capital Management LLC grew its position in shares of Triumph Group by 804.2% during 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 during the period. KBC Group NV acquired a new stake in shares of Triumph Group during the 1st quarter worth approximately $79,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Triumph Group during the 1st quarter worth approximately $109,000. Strs Ohio acquired a new stake in Triumph Group in the 1st quarter valued at $134,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in Triumph Group by 58.1% in 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 period. 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.