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

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

A number of other equities research analysts have also weighed in on the company. Wolfe Research lowered Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. Truist Financial boosted their price objective on Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. TD Cowen raised Triumph Group to a "hold" rating in a research report on Thursday, December 19th. Robert W. Baird reaffirmed 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. Finally, Baird R W lowered Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $18.78.

Triumph Group Price Performance

TGI stock traded up $0.04 during trading hours on Monday, reaching $25.46. The stock had a trading volume of 719,434 shares, compared to its average volume of 994,936. The stock has a 50-day simple moving average of $23.10 and a 200 day simple moving average of $18.49. The stock has a market capitalization of $1.97 billion, a PE ratio of 3.54 and a beta of 2.53. Triumph Group has a fifty-two week low of $11.01 and a fifty-two week high of $25.48.

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Triumph Group (NYSE:TGI - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, topping analysts' consensus estimates 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, sell-side analysts forecast that Triumph Group will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $25.32, for a total transaction of $886,200.00. Following the sale, the chief accounting officer now owns 51,696 shares of the company's stock, valued at approximately $1,308,942.72. The trade was a 40.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.31% of the stock is owned by corporate insiders.

Institutional Trading of Triumph Group

Several hedge funds and other institutional investors have recently made changes to their positions in TGI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Triumph Group by 17.9% in the fourth 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 buying an additional 29,093 shares during the last quarter. Rafferty Asset Management LLC raised 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 valued at $370,000 after purchasing an additional 896 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of 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 buying an additional 2,484 shares during the period. ProShare Advisors LLC boosted its position in Triumph Group by 44.2% in the fourth quarter. ProShare Advisors LLC now owns 22,191 shares of the aerospace company's stock worth $414,000 after purchasing an additional 6,806 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its position in Triumph Group by 16.4% during the fourth quarter. Nuveen Asset Management LLC now owns 248,644 shares of the aerospace company's stock valued at $4,640,000 after buying an additional 34,974 shares during the period. Hedge funds and other 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.