Triumph Group (NYSE:TGI) Sees Large Volume Increase - What's Next?

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 mid-day 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.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TGI shares. Wall Street Zen started coverage on shares of Triumph Group in a research note on Tuesday, May 20th. They set a "hold" rating for the company. JPMorgan Chase & Co. raised shares of Triumph Group from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $17.00 to $26.00 in a report on Tuesday, April 15th. One equities research 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 an average price target of $20.63.

Triumph Group Stock Down 0.2%

The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 3.58 and a beta of 2.31. The business's 50-day moving average is $25.44 and its 200-day moving average is $23.20.

Triumph Group (NYSE:TGI - Get Free Report) last posted its earnings results 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. The company 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 45.08% and a negative return on equity of 55.18%. The firm's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 earnings per share. As a group, analysts expect that Triumph Group, Inc. will post 0.68 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Triumph Group during the 4th quarter worth about $1,095,000. American Century Companies Inc. purchased a new position in shares of Triumph Group during the 4th quarter worth approximately $30,845,000. Principal Financial Group Inc. lifted its holdings in Triumph Group by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company's stock worth $6,996,000 after buying an additional 10,629 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Triumph Group by 17.9% in the 4th 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. Finally, Sei Investments Co. acquired a new stake in shares of Triumph Group in the 4th quarter valued at $4,025,000. 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.