Triumph Group (NYSE:TGI) Sees Strong Trading Volume - Should You Buy?

Shares of Triumph Group, Inc. (NYSE:TGI - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 1,950,409 shares were traded during mid-day trading, an increase of 75% from the previous session's volume of 1,111,414 shares.The stock last traded at $24.51 and had previously closed at $25.09.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TGI. TD Cowen upgraded Triumph Group to a "hold" rating in a research note on Thursday, December 19th. Baird R W downgraded shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. Barclays cut shares of Triumph Group from an "overweight" rating to an "equal weight" rating and raised their target price for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. Robert W. Baird reiterated a "neutral" rating and issued a $26.00 price target (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Finally, Wolfe Research downgraded shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. Two research 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, Triumph Group has an average rating of "Hold" and an average target price of $18.88.

Triumph Group Stock Up 0.4 %

The company has a market capitalization of $1.91 billion, a P/E ratio of 3.43 and a beta of 2.13. The company's fifty day moving average price is $25.25 and its 200 day moving average price is $20.03.

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 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%. Research analysts predict that Triumph Group, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Activity at Triumph Group

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

Institutional Trading of Triumph Group

A number of institutional investors and hedge funds have recently bought and sold shares of TGI. Assenagon Asset Management S.A. boosted its holdings in Triumph Group by 124.7% in 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 acquiring an additional 1,286,568 shares during the last quarter. Barclays PLC boosted its stake in shares of Triumph Group by 155.8% in the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company's stock valued at $1,915,000 after purchasing an additional 90,456 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Triumph Group by 1,207.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company's stock valued at $6,946,000 after purchasing an additional 497,684 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Triumph Group during the fourth quarter worth $1,095,000. Finally, American Century Companies Inc. acquired a new position in Triumph Group in the fourth quarter valued at $30,845,000. 94.53% of the stock is currently owned by institutional investors and hedge funds.

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.