Triumph Group (NYSE:TGI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Triumph Group (NYSE:TGI - Free Report) in a research note released on Tuesday morning. The brokerage issued a hold rating on the aerospace company's stock.

TGI has been the subject of a number of other reports. Truist Financial increased their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a report on Tuesday, February 4th. Barclays cut shares of Triumph Group from an "overweight" rating to an "equal weight" rating and raised their target price for the company from $21.00 to $26.00 in a research note on Thursday, February 6th. Wolfe Research downgraded shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. Baird R W downgraded 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 issued a $26.00 target price (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $18.78.

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Triumph Group Price Performance

Shares of TGI stock traded down $0.03 on Tuesday, hitting $25.44. 574,809 shares of the stock traded hands, compared to its average volume of 1,072,688. Triumph Group has a 52 week low of $11.01 and a 52 week high of $25.52. The firm has a 50 day simple moving average of $23.92 and a two-hundred day simple moving average of $18.96. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 3.53 and a beta of 2.53.

Triumph Group (NYSE:TGI - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, beating 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%. Sell-side analysts forecast that Triumph Group will post 0.68 EPS for the current year.

Insider Transactions at Triumph Group

In related news, CAO Jennifer H. Allen sold 35,000 shares of the firm's stock in a transaction 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 in the company, valued at $1,308,942.72. This trade represents a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.31% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its holdings in Triumph Group by 124.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company's stock valued at $43,259,000 after purchasing an additional 1,286,568 shares during the last quarter. Barclays PLC raised its holdings in shares of Triumph Group by 155.8% in the third quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock worth $1,915,000 after buying an additional 90,456 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Triumph Group by 1,207.4% in the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock worth $6,946,000 after buying an additional 497,684 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Triumph Group by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company's stock worth $6,996,000 after acquiring an additional 10,629 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Triumph Group by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company's stock valued at $22,340,000 after acquiring an additional 129,391 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.