Triumph Group (NYSE:TGI) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Triumph Group (NYSE:TGI - Get Free Report) in a research note issued on Wednesday. The brokerage set a "hold" rating on the aerospace company's stock.

A number of other analysts have also recently commented on TGI. Robert W. Baird restated a "neutral" rating and issued a $26.00 price objective (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Wolfe Research lowered shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. Truist Financial lifted their target price on shares of Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a research report on Tuesday, February 4th. TD Cowen raised shares of Triumph Group to a "hold" rating in a research note on Thursday, December 19th. Finally, Barclays cut Triumph Group from an "overweight" rating to an "equal weight" rating and lifted their price objective for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat.com, Triumph Group currently has an average rating of "Hold" and an average price target of $18.88.

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Triumph Group Stock Down 0.9 %

Shares of NYSE TGI traded down $0.24 during midday trading on Wednesday, reaching $25.07. 4,257,714 shares of the stock were exchanged, compared to its average volume of 1,106,873. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 3.48 and a beta of 2.13. The firm has a 50-day simple moving average of $24.68 and a two-hundred day simple moving average of $19.56. Triumph Group has a twelve month low of $11.01 and a twelve month high of $25.55.

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, 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%. Research analysts expect that Triumph Group will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the company'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 represents a 40.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Triumph Group

A number of hedge funds have recently modified their holdings of TGI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Triumph Group by 17.9% in 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 valued at $3,580,000 after purchasing an additional 29,093 shares during the last quarter. Rafferty Asset Management LLC grew its position in Triumph Group by 4.7% in the fourth quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company's stock worth $370,000 after acquiring an additional 896 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its stake in Triumph Group by 58.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company's stock worth $126,000 after acquiring an additional 2,484 shares during the last quarter. ProShare Advisors LLC increased its stake in Triumph Group by 44.2% during the fourth quarter. ProShare Advisors LLC now owns 22,191 shares of the aerospace company's stock worth $414,000 after acquiring an additional 6,806 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its position in Triumph Group by 16.4% in the fourth quarter. Nuveen Asset Management LLC now owns 248,644 shares of the aerospace company's stock valued at $4,640,000 after purchasing an additional 34,974 shares during the period. Hedge funds and other 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.