Triumph Group (NYSE:TGI) Sets New 1-Year High - What's Next?

Triumph Group, Inc. (NYSE:TGI - Get Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $25.88 and last traded at $25.88, with a volume of 1970450 shares. The stock had previously closed at $25.84.

Analysts Set New Price Targets

Several brokerages have commented on TGI. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $17.00 to $26.00 in a report on Tuesday, April 15th. Barclays lowered shares of Triumph Group from an "overweight" rating to an "equal weight" rating and lifted their target price for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Wolfe Research lowered shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. Finally, Wall Street Zen started 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 assigned a hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $20.63.

Triumph Group Trading Up 0.2%

The company has a market capitalization of $2.00 billion, a PE ratio of 3.59 and a beta of 2.34. The business's fifty day moving average is $25.35 and its two-hundred day moving average is $22.89.

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

Insider Buying and Selling

In related news, CAO Jennifer H. Allen sold 35,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total value of $886,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,696 shares in the company, valued at $1,308,942.72. The trade was a 40.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.31% of the stock is owned by company insiders.

Institutional Investors Weigh In On Triumph Group

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its position in Triumph Group by 155.8% in the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock worth $1,915,000 after purchasing an additional 90,456 shares during the period. Raymond James Financial Inc. bought a new stake in Triumph Group in the 4th quarter worth approximately $1,095,000. American Century Companies Inc. bought a new stake in Triumph Group in the 4th quarter worth approximately $30,845,000. Principal Financial Group Inc. grew its position in Triumph Group by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company's stock worth $6,996,000 after purchasing an additional 10,629 shares during the period. Finally, Fisher Asset Management LLC grew its position in 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 worth $34,145,000 after purchasing an additional 277,333 shares during the period. 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.

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