Triumph Group (NYSE:TGI) Reaches New 1-Year High - Time to Buy?

Triumph Group, Inc. (NYSE:TGI - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $25.48 and last traded at $25.45, with a volume of 1476414 shares changing hands. The stock had previously closed at $25.40.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TGI. Barclays downgraded shares of Triumph Group from an "overweight" rating to an "equal weight" rating and raised their price target for the company from $21.00 to $26.00 in a research report on Thursday, February 6th. TD Cowen raised shares of Triumph Group to a "hold" rating in a research report on Thursday, December 19th. Robert W. Baird reaffirmed a "neutral" rating and issued a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Wolfe Research downgraded shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. 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 equities 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, the stock currently has a consensus rating of "Hold" and an average target price of $18.78.

Triumph Group Trading Down 0.1 %

The company's 50 day moving average price is $23.38 and its two-hundred day moving average price is $18.65. The firm has a market cap 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 issued its quarterly earnings results 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%. Equities research analysts expect 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 Triumph Group 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 transaction, the chief accounting officer now owns 51,696 shares in the company, valued at approximately $1,308,942.72. The trade was a 40.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.31% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TGI. Sterling Capital Management LLC lifted its stake in shares of Triumph Group by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock valued at $44,000 after buying an additional 2,091 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in Triumph Group by 58.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company's stock valued at $126,000 after acquiring an additional 2,484 shares during the last quarter. Brevan Howard Capital Management LP increased its holdings in 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 valued at $230,000 after acquiring an additional 1,798 shares during the last quarter. Centiva Capital LP bought a new stake in Triumph Group in the 3rd quarter valued at $255,000. Finally, Capula Management Ltd bought a new stake in Triumph Group in the 4th quarter valued at $297,000. Hedge funds and other institutional investors 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.