Triumph Group (NYSE:TGI) Reaches New 1-Year High - Time to Buy?

Triumph Group, Inc. (NYSE:TGI - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $25.32 and last traded at $25.23, with a volume of 2401458 shares. The stock had previously closed at $18.74.

Analyst Ratings Changes

Several research analysts have commented on the stock. StockNews.com upgraded shares of Triumph Group from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th. Truist Financial lifted their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research report on Tuesday. TD Cowen raised Triumph Group to a "hold" rating in a research report on Thursday, December 19th. Baird R W lowered Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Finally, Barclays lowered Triumph Group from an "overweight" rating to an "equal weight" rating and raised their price objective for the stock from $21.00 to $26.00 in a research report on Thursday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $18.78.

Triumph Group Stock Down 0.1 %

The company's 50-day simple moving average is $19.10 and its 200 day simple moving average is $16.25. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 3.69 and a beta of 2.51.

Institutional Investors Weigh In On Triumph Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Old West Investment Management LLC raised its position in shares of Triumph Group by 1.3% in the third quarter. Old West Investment Management LLC now owns 42,426 shares of the aerospace company's stock valued at $547,000 after purchasing an additional 565 shares during the period. Cornerstone Wealth Management LLC lifted its position in Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock worth $298,000 after acquiring an additional 580 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Triumph Group by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 35,340 shares of the aerospace company's stock valued at $545,000 after acquiring an additional 1,405 shares during the period. MetLife Investment Management LLC grew its position in shares of Triumph Group by 5.3% in the third quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company's stock valued at $526,000 after purchasing an additional 2,043 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of Triumph Group by 14.1% in the third quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company's stock worth $340,000 after purchasing an additional 3,253 shares during the period. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.