StockNews.com Begins Coverage on Triumph Group (NYSE:TGI)

StockNews.com began coverage on shares of Triumph Group (NYSE:TGI - Free Report) in a report issued on Thursday morning. The firm issued a hold rating on the aerospace company's stock.

Several other analysts have also recently issued reports on the company. Baird R W cut Triumph Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Robert W. Baird restated a "neutral" rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. TD Cowen raised shares of Triumph Group to a "hold" rating in a research note on Thursday, December 19th. Wolfe Research downgraded Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. Finally, Barclays lowered shares of Triumph Group from an "overweight" rating to an "equal weight" rating and increased their price objective for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company's stock. According to MarketBeat.com, Triumph Group has a consensus rating of "Hold" and an average target price of $20.63.

Triumph Group Trading Up 0.1 %

Triumph Group stock traded up $0.02 during mid-day trading on Thursday, hitting $24.92. The company's stock had a trading volume of 374,251 shares, compared to its average volume of 1,179,869. The firm has a market capitalization of $1.93 billion, a PE ratio of 3.46 and a beta of 2.13. Triumph Group has a 1 year low of $11.01 and a 1 year high of $25.55. The stock's fifty day moving average is $25.24 and its two-hundred day moving average is $20.16.

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

Insiders Place Their Bets

In related 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 directly owns 51,696 shares in the company, valued at $1,308,942.72. The trade was a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Triumph Group

Several large investors have recently bought and sold shares of the stock. Sterling Capital Management LLC boosted its holdings in shares of Triumph Group by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 2,091 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position 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 purchasing an additional 2,484 shares during the period. Brevan Howard Capital Management LP raised its stake in shares of Triumph Group by 17.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock worth $230,000 after buying an additional 1,798 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Triumph Group in the third quarter valued at $255,000. Finally, Capula Management Ltd bought a new position in Triumph Group during the fourth quarter valued at about $297,000. Institutional investors and hedge funds 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.