StockNews.com Initiates Coverage on Triumph Group (NYSE:TGI)

StockNews.com started coverage on shares of Triumph Group (NYSE:TGI - Get Free Report) in a report released on Saturday. The firm set a "hold" rating on the aerospace company's stock.

Several other equities research analysts also recently issued reports on TGI. Truist Financial increased their price target on Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Barclays cut Triumph Group from an "overweight" rating to an "equal weight" rating and increased their target price for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. Wolfe Research lowered shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, February 10th. Baird R W cut shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $20.63.

Triumph Group Stock Up 0.2 %

Triumph Group stock opened at $25.30 on Friday. The business's 50-day simple moving average is $25.18 and its 200 day simple moving average is $20.83. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 3.51 and a beta of 2.13. Triumph Group has a 12-month low of $11.01 and a 12-month high of $25.55.

Triumph Group (NYSE:TGI - Get Free Report) last issued its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. As a group, sell-side analysts expect that Triumph Group will post 0.68 EPS for the current year.

Insider Activity

In other news, CAO Jennifer H. Allen sold 35,000 shares of the firm's stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 51,696 shares of the company's stock, valued at $1,308,942.72. This trade represents a 40.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Triumph Group

A number of large investors have recently added to or reduced their stakes in TGI. KBC Group NV bought a new position in Triumph Group during the first quarter worth $79,000. GAMMA Investing LLC boosted its holdings in shares of Triumph Group by 3,263.7% during the first quarter. GAMMA Investing LLC now owns 20,855 shares of the aerospace company's stock worth $528,000 after acquiring an additional 20,235 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Triumph Group by 17.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,866 shares of the aerospace company's stock worth $3,580,000 after purchasing an additional 29,093 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of Triumph Group by 4.7% during the fourth quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company's stock worth $370,000 after buying an additional 896 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in Triumph Group by 58.1% in the 4th 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 period. 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.

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