Triumph Group (NYSE:TGI) Sees Strong Trading Volume - Still a Buy?

Triumph Group, Inc. (NYSE:TGI - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 1,374,070 shares changed hands during trading, an increase of 16% from the previous session's volume of 1,188,879 shares.The stock last traded at $24.89 and had previously closed at $24.90.

Analyst Upgrades and Downgrades

Several brokerages have commented on TGI. Barclays cut 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. Truist Financial lifted their target price 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. StockNews.com assumed coverage on Triumph Group in a report on Friday. They set a "hold" rating on the stock. Baird R W cut shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Robert W. Baird reissued a "neutral" rating and issued a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $20.63.

Triumph Group Price Performance

The stock has a 50-day moving average price of $25.20 and a 200-day moving average price of $20.50. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 3.43 and a beta of 2.13.

Triumph Group (NYSE:TGI - Get Free Report) last released its earnings results on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. Equities analysts forecast that Triumph Group, Inc. will post 0.68 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 51,696 shares in the company, valued at $1,308,942.72. This represents a 40.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.31% of the company's stock.

Hedge Funds Weigh In On Triumph Group

Institutional investors have recently made changes to their positions in the stock. Irenic Capital Management LP grew its holdings in Triumph Group by 19.9% during the fourth quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company's stock worth $70,666,000 after buying an additional 628,296 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Triumph Group by 124.7% during the 4th 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 in the last quarter. Fisher Asset Management LLC increased its position in shares of Triumph Group by 17.9% in the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company's stock worth $34,145,000 after purchasing an additional 277,333 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Triumph Group by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company's stock worth $22,340,000 after acquiring an additional 129,391 shares during the last quarter. Finally, First Trust Advisors LP increased its position 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 valued at $31,764,000 after purchasing an additional 635,568 shares during the last quarter. 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.