Triumph Group (NYSE:TGI) Sets New 1-Year High – Should You Buy?

Triumph Group, Inc. (NYSE:TGI)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $25.51 and last traded at $25.49, with a volume of 624560 shares. The stock had previously closed at $25.47.

Analysts Set New Price Targets

Several analysts have recently issued reports on TGI shares. Baird R W lowered Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. StockNews.com started coverage on shares of Triumph Group in a report on Tuesday. They issued a “hold” rating on the stock. Robert W. Baird reaffirmed a “neutral” rating and set a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Wolfe Research lowered shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. Finally, Truist Financial boosted their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.78.

Triumph Group Trading Down 0.1 %

The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 3.54 and a beta of 2.53. The firm’s 50-day moving average is $23.92 and its 200 day moving average is $18.96.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 EPS 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

In other news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction dated Thursday, March 13th. The stock was 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 of the company’s stock, valued at approximately $1,308,942.72. This trade represents a 40.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Triumph Group

Several large investors have recently added to or reduced their stakes in TGI. Sterling Capital Management LLC lifted its stake in Triumph Group by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock valued at $44,000 after buying an additional 2,091 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Triumph Group by 58.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock valued at $126,000 after acquiring an additional 2,484 shares during the period. Brevan Howard Capital Management LP boosted its stake 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 worth $230,000 after acquiring an additional 1,798 shares in the last quarter. Centiva Capital LP acquired a new stake in Triumph Group in the third quarter worth $255,000. Finally, Capula Management Ltd bought a new stake in Triumph Group in the fourth quarter valued at $297,000. 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.