Triumph Group, Inc. (NYSE:TGI) Sees Significant Decline in Short Interest

Triumph Group, Inc. (NYSE:TGI) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 3,620,000 shares, a decrease of 34.8% from the January 31st total of 5,550,000 shares. Based on an average daily volume of 1,460,000 shares, the days-to-cover ratio is currently 2.5 days.

Institutional Trading of Triumph Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Old West Investment Management LLC lifted its position in Triumph Group by 1.3% during the 3rd quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company’s stock worth $547,000 after acquiring an additional 565 shares during the period. Cornerstone Wealth Management LLC lifted its position in Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company’s stock worth $298,000 after acquiring an additional 580 shares during the period. Rafferty Asset Management LLC lifted its position in Triumph Group by 4.7% during the 4th quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company’s stock worth $370,000 after acquiring an additional 896 shares during the period. Canada Pension Plan Investment Board lifted its position in Triumph Group by 0.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company’s stock worth $5,624,000 after acquiring an additional 1,400 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Triumph Group by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,712 shares of the aerospace company’s stock worth $778,000 after buying an additional 1,563 shares in the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on TGI. Baird R W downgraded Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Truist Financial increased their price objective on Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Barclays downgraded Triumph Group from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $21.00 to $26.00 in a report on Thursday, February 6th. StockNews.com began coverage on Triumph Group in a report on Saturday. They issued a “hold” rating on the stock. Finally, TD Cowen upgraded Triumph Group to a “hold” rating in a report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.78.

Triumph Group Trading Down 0.3 %

Shares of NYSE TGI traded down $0.08 during trading hours on Tuesday, reaching $25.23. The stock had a trading volume of 1,886,271 shares, compared to its average volume of 976,999. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 3.50 and a beta of 2.51. Triumph Group has a fifty-two week low of $11.01 and a fifty-two week high of $25.44. The firm has a 50-day moving average of $21.63 and a 200-day moving average of $17.63.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data 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%. On average, equities analysts predict that Triumph Group will post 0.68 EPS for the current year.

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.