Triumph Group, Inc. (NYSE:TGI) Short Interest Update

Triumph Group, Inc. (NYSE:TGI - Get Free Report) was the recipient of a significant 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 trading volume of 1,460,000 shares, the days-to-cover ratio is currently 2.5 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TGI shares. Barclays lowered shares of Triumph Group from an "overweight" rating to an "equal weight" rating and upped their price target for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. Truist Financial raised their price target on shares of Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Wolfe Research downgraded Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. StockNews.com began coverage on shares of Triumph Group in a research report on Saturday. They set a "hold" rating on the stock. Finally, Baird R W lowered Triumph Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $18.78.

Remove Ads

Triumph Group Stock Up 0.2 %

Shares of TGI traded up $0.06 during mid-day trading on Wednesday, hitting $25.29. 1,205,522 shares of the company's stock were exchanged, compared to its average volume of 977,858. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 3.51 and a beta of 2.51. The firm has a fifty day moving average of $21.63 and a two-hundred day moving average of $17.63. Triumph Group has a twelve month low of $11.01 and a twelve month high of $25.44.

Triumph Group (NYSE:TGI - Get Free Report) last posted its earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, topping 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%. On average, equities analysts predict that Triumph Group will post 0.68 earnings per share for the current year.

Institutional Investors Weigh In On Triumph Group

Large investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC grew its position in shares of 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 purchasing an additional 2,091 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in 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 purchasing an additional 2,484 shares during the period. International Assets Investment Management LLC grew its holdings in Triumph Group by 1,189.0% in the 3rd quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company's stock valued at $133,000 after buying an additional 9,512 shares during the last quarter. Brevan Howard Capital Management LP lifted its holdings in shares of 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 buying an additional 1,798 shares during the last quarter. Finally, Capula Management Ltd bought a new stake in shares of Triumph Group in the fourth quarter valued at approximately $297,000. Institutional investors 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.