Triumph Group (NYSE:TGI) Hits New 12-Month High - Here's What Happened

Triumph Group, Inc. (NYSE:TGI - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $25.52 and last traded at $25.52, with a volume of 629595 shares trading hands. The stock had previously closed at $25.34.

Analyst Ratings Changes

A number of analysts have commented on the stock. Baird R W downgraded shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Truist Financial increased their price target on Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Barclays cut 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. 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 report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $18.88.

Triumph Group Price Performance

The business has a 50 day moving average of $24.68 and a 200 day moving average of $19.51. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 3.48 and a beta of 2.13.

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

Insider Buying and Selling at Triumph Group

In related news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.31% of the company's stock.

Hedge Funds Weigh In On Triumph Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. acquired a new stake in shares of Triumph Group during the fourth quarter worth about $30,845,000. Assenagon Asset Management S.A. boosted its position in Triumph Group by 124.7% during the fourth 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. Norges Bank acquired a new position in shares of Triumph Group during the 4th quarter worth approximately $15,945,000. First Trust Advisors LP raised its stake in shares of Triumph Group by 59.6% during the 4th quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company's stock worth $31,764,000 after purchasing an additional 635,568 shares in the last quarter. Finally, Irenic Capital Management LP grew its stake in shares of Triumph Group by 19.9% in the fourth quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company's stock valued at $70,666,000 after buying an additional 628,296 shares in the last quarter. 94.53% of the stock is owned by institutional investors.

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.