Triumph Group (NYSE:TGI) Sets New 1-Year High - Here's Why

Triumph Group, Inc. (NYSE:TGI - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $25.51 and last traded at $25.49, with a volume of 624560 shares traded. The stock had previously closed at $25.47.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Robert W. Baird reiterated a "neutral" rating and issued a $26.00 price objective (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Truist Financial upped their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the company a "hold" rating in a report on Tuesday, February 4th. Barclays downgraded 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. TD Cowen raised Triumph Group to a "hold" rating in a research note on Thursday, December 19th. Finally, Baird R W cut Triumph Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $18.88.

Triumph Group Stock Down 0.1 %

The firm has a 50 day moving average price of $24.05 and a 200 day moving average price of $19.09. The stock has a market capitalization of $1.97 billion, a PE ratio of 3.53 and a beta of 2.53.

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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 analysts' consensus estimates of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. On average, equities analysts forecast that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total transaction of $886,200.00. Following the transaction, the chief accounting officer now owns 51,696 shares of the company's stock, valued at $1,308,942.72. This trade represents a 40.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Triumph Group

Several institutional investors have recently modified their holdings of the business. Old West Investment Management LLC grew its stake in Triumph Group by 1.3% in the 3rd 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 grew its position in Triumph Group by 3.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock valued at $298,000 after buying an additional 580 shares during the period. Rafferty Asset Management LLC grew its position in Triumph Group by 4.7% during the fourth quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company's stock valued at $370,000 after buying an additional 896 shares during the period. Canada Pension Plan Investment Board increased its holdings in Triumph Group by 0.5% during 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Triumph Group by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,712 shares of the aerospace company's stock worth $778,000 after acquiring an additional 1,563 shares during the period. 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.