Triumph Group (NYSE:TGI) Hits New 1-Year High - Here's Why

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

Analysts Set New Price Targets

TGI has been the subject of a number of recent research reports. Wolfe Research cut shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. raised shares of Triumph Group from an "underweight" rating to a "neutral" rating and upped their price objective for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th. Finally, Wall Street Zen began coverage on Triumph Group in a research note on Tuesday, May 20th. They issued a "hold" rating for the company. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the company. Based on data from MarketBeat.com, Triumph Group has an average rating of "Hold" and a consensus target price of $20.63.

Triumph Group Stock Performance

The company's fifty day moving average is $25.36 and its two-hundred day moving average is $22.99. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 3.60 and a beta of 2.30.

Triumph Group (NYSE:TGI - Get Free Report) last issued its earnings results on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share for the quarter, topping the consensus estimate 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 negative return on equity of 55.18% and a net margin of 45.08%. The company's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 earnings per share. As a group, analysts forecast that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Activity at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of the business's stock in a transaction dated 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 sale, the chief accounting officer now owns 51,696 shares of the company's stock, valued at approximately $1,308,942.72. The trade was a 40.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.31% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC boosted its holdings in shares of Triumph Group by 155.8% in the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock valued at $1,915,000 after acquiring an additional 90,456 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Triumph Group by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company's stock valued at $6,996,000 after buying an additional 10,629 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new position in Triumph Group during the fourth quarter worth about $788,000. Fisher Asset Management LLC raised its position in Triumph Group by 17.9% in the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company's stock worth $34,145,000 after acquiring an additional 277,333 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Triumph Group by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 701,997 shares of the aerospace company's stock valued at $13,099,000 after acquiring an additional 22,004 shares during the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

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.