Triumph Group (NYSE:TGI) Shares Gap Up - Should You Buy?

Triumph Group, Inc. (NYSE:TGI - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $13.73, but opened at $14.38. Triumph Group shares last traded at $14.24, with a volume of 51,853 shares trading hands.

Analyst Ratings Changes

Several research firms recently weighed in on TGI. Jefferies Financial Group reissued a "hold" rating and issued a $14.00 target price (down from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. JPMorgan Chase & Co. cut Triumph Group from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $15.00 to $12.00 in a research report on Monday, October 14th. Truist Financial decreased their target price on Triumph Group from $15.00 to $12.00 and set a "hold" rating on the stock in a report on Friday, October 18th. Barclays cut their price target on Triumph Group from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, August 12th. Finally, The Goldman Sachs Group cut shares of Triumph Group from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $19.00 to $15.00 in a research report on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Triumph Group presently has a consensus rating of "Hold" and a consensus target price of $14.78.

Triumph Group Trading Up 3.1 %

The stock's 50-day simple moving average is $13.65 and its 200-day simple moving average is $14.35. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 2.13 and a beta of 2.48.

Triumph Group (NYSE:TGI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.01). The company had revenue of $281.00 million for the quarter, compared to the consensus estimate of $274.64 million. Triumph Group had a negative return on equity of 1.77% and a net margin of 40.39%. Triumph Group's revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.10) EPS. On average, equities research analysts forecast that Triumph Group, Inc. will post 0.43 earnings per share for the current year.

Institutional Trading of Triumph Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its position in shares of Triumph Group by 140.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,031,717 shares of the aerospace company's stock worth $13,299,000 after buying an additional 603,067 shares during the last quarter. International Assets Investment Management LLC raised its stake in Triumph Group by 1,189.0% during the third quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company's stock worth $133,000 after acquiring an additional 9,512 shares in the last quarter. Jade Capital Advisors LLC lifted its holdings in shares of Triumph Group by 148.7% in the third quarter. Jade Capital Advisors LLC now owns 161,662 shares of the aerospace company's stock worth $2,084,000 after acquiring an additional 96,662 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Triumph Group by 199.0% in the 3rd quarter. SG Americas Securities LLC now owns 67,719 shares of the aerospace company's stock valued at $873,000 after purchasing an additional 45,074 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Triumph Group by 6.4% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 958,100 shares of the aerospace company's stock valued at $14,764,000 after purchasing an additional 57,700 shares during the last quarter. Institutional investors 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.