Triumph Group (NYSE:TGI) Sees Large Volume Increase - Here's What Happened

Shares of Triumph Group, Inc. (NYSE:TGI - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 1,833,483 shares traded hands during trading, an increase of 46% from the previous session's volume of 1,252,155 shares.The stock last traded at $25.77 and had previously closed at $25.86.

Wall Street Analysts Forecast Growth

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

Triumph Group Stock Performance

The firm has a market capitalization of $2.00 billion, a PE ratio of 3.58 and a beta of 2.30. The business's 50 day moving average is $25.44 and its two-hundred day moving average is $23.23.

Triumph Group (NYSE:TGI - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.17. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. The company had revenue of $377.90 million for the quarter, compared to analyst estimates of $334.04 million. During the same period in the previous year, the company posted $0.31 EPS. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities research analysts predict that Triumph Group, Inc. will post 0.68 EPS for the current year.

Institutional Trading of Triumph Group

A number of hedge funds and other institutional investors have recently bought and sold shares of TGI. Irenic Capital Management LP increased its holdings in shares of Triumph Group by 19.9% in the fourth quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company's stock worth $70,666,000 after purchasing an additional 628,296 shares during the period. Pentwater Capital Management LP purchased a new stake in shares of Triumph Group in the 1st quarter valued at about $58,285,000. TIG Advisors LLC bought a new stake in shares of Triumph Group during the 1st quarter valued at about $47,728,000. Fisher Asset Management LLC grew its holdings in shares of Triumph Group by 17.9% during the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company's stock worth $34,145,000 after purchasing an additional 277,333 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Triumph Group by 59.6% in the fourth quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company's stock worth $31,764,000 after purchasing an additional 635,568 shares during the last quarter. Institutional investors own 94.53% of the company's stock.

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.