Triumph Group (NYSE:TGI) Reaches New 52-Week High After Better-Than-Expected Earnings

Triumph Group, Inc. (NYSE:TGI - Get Free Report)'s stock price reached a new 52-week high on Monday following a stronger than expected earnings report. The stock traded as high as $25.41 and last traded at $25.37, with a volume of 2598390 shares trading hands. The stock had previously closed at $25.19.

The aerospace company reported $0.27 earnings per share (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 52.06%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TGI shares. Robert W. Baird reaffirmed a "neutral" rating and issued a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Truist Financial increased their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Barclays downgraded shares of Triumph Group from an "overweight" rating to an "equal weight" rating and boosted their price target for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. StockNews.com initiated coverage on shares of Triumph Group in a research report on Thursday. They set a "hold" rating on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $18.78.

Institutional Trading of Triumph Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Old West Investment Management LLC lifted its stake 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 worth $547,000 after buying an additional 565 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in shares of Triumph Group by 3.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock worth $298,000 after buying an additional 580 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Triumph Group by 0.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company's stock worth $5,624,000 after buying an additional 1,400 shares during the last quarter. The Manufacturers Life Insurance Company increased its position 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 worth $545,000 after acquiring an additional 1,405 shares during the period. Finally, MetLife Investment Management LLC increased its position in Triumph Group by 5.3% during the third quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company's stock worth $526,000 after acquiring an additional 2,043 shares during the period. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Triumph Group Stock Down 0.0 %

The stock's 50-day moving average is $19.86 and its 200-day moving average is $16.61. The firm has a market cap of $1.96 billion, a P/E ratio of 3.52 and a beta of 2.51.

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.