Triumph Group (NYSE:TGI) Hits New 12-Month High – Time to Buy?

Shares of Triumph Group, Inc. (NYSE:TGI) reached a new 52-week high on Tuesday . The company traded as high as $25.52 and last traded at $25.52, with a volume of 629595 shares. The stock had previously closed at $25.34.

Analyst Ratings Changes

A number of equities research analysts have commented on TGI shares. StockNews.com initiated coverage on Triumph Group in a research note on Tuesday, March 25th. They issued a “hold” rating for the company. Barclays downgraded shares of Triumph Group from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $21.00 to $26.00 in a research report on Thursday, February 6th. Truist Financial upped their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. TD Cowen raised shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Finally, Robert W. Baird restated a “neutral” rating and issued a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Triumph Group currently has an average rating of “Hold” and an average target price of $18.88.

Triumph Group Stock Up 0.7 %

The business’s 50-day moving average is $24.17 and its two-hundred day moving average is $19.21. The company has a market capitalization of $1.97 billion, a P/E ratio of 3.54 and a beta of 2.53.

Triumph Group (NYSE:TGI) last announced its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. Analysts predict that Triumph Group, Inc. will post 0.68 EPS for the current year.

Insider Buying and Selling at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total transaction of $886,200.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.31% of the company’s stock.

Institutional Trading of Triumph Group

Large investors have recently added to or reduced their stakes in 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 valued at $44,000 after acquiring an additional 2,091 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its stake in Triumph Group by 58.1% in the fourth 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 last quarter. Brevan Howard Capital Management LP grew its holdings in Triumph Group by 17.1% during the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock valued at $230,000 after purchasing an additional 1,798 shares during the period. Centiva Capital LP purchased a new stake in Triumph Group in the third quarter worth $255,000. Finally, Capula Management Ltd bought a new stake in shares of Triumph Group in the fourth quarter valued at $297,000. Hedge funds and other 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.