Triumph Group (NYSE:TGI) Sees Large Volume Increase - Still a Buy?

Triumph Group, Inc. (NYSE:TGI - Get Free Report) saw unusually-high trading volume on Friday . Approximately 428,389 shares changed hands during trading, a decline of 50% from the previous session's volume of 860,775 shares.The stock last traded at $14.70 and had previously closed at $14.12.

Analyst Upgrades and Downgrades

TGI has been the topic of several research analyst reports. Barclays lowered their target price on Triumph Group from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, August 12th. Bank of America cut Triumph Group from a "buy" rating to an "underperform" rating and lowered their target price for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. The Goldman Sachs Group cut Triumph Group from a "buy" rating to a "neutral" rating and lowered their price target for the company from $19.00 to $15.00 in a research note on Tuesday, August 13th. Jefferies Financial Group reissued a "hold" rating and issued a $14.00 price target (down previously from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. Finally, Truist Financial cut Triumph Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $17.00 to $15.00 in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Triumph Group presently has a consensus rating of "Hold" and a consensus price target of $15.67.

Triumph Group Price Performance

The business has a 50 day moving average of $13.35 and a 200 day moving average of $14.28. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 2.25 and a beta of 2.49.

Triumph Group (NYSE:TGI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.01). Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. The company had revenue of $281.00 million during the quarter, compared to the consensus estimate of $274.64 million. During the same quarter last year, the company earned ($0.10) earnings per share. The business's revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts forecast that Triumph Group, Inc. will post 0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Triumph Group

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Triumph Group by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 7,021,354 shares of the aerospace company's stock valued at $116,414,000 after buying an additional 110,375 shares during the period. Point72 Asset Management L.P. raised its position in shares of Triumph Group by 12.5% during the second quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company's stock worth $23,372,000 after purchasing an additional 168,607 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Triumph Group by 12.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,054,841 shares of the aerospace company's stock worth $16,254,000 after purchasing an additional 116,900 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Triumph Group by 6.4% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 958,100 shares of the aerospace company's stock worth $14,764,000 after purchasing an additional 57,700 shares during the period. Finally, First Eagle Investment Management LLC raised its position in shares of Triumph Group by 11.2% during the second quarter. First Eagle Investment Management LLC now owns 698,712 shares of the aerospace company's stock worth $10,767,000 after purchasing an additional 70,500 shares during the period. Institutional investors and hedge funds 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.