Triumph Group (NYSE:TGI) Hits New 52-Week High - Should You Buy?

Triumph Group, Inc. (NYSE:TGI - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $25.44 and last traded at $25.42, with a volume of 259625 shares traded. The stock had previously closed at $25.34.

Analyst Ratings Changes

TGI has been the subject of several analyst reports. TD Cowen raised Triumph Group to a "hold" rating in a research report on Thursday, December 19th. Baird R W lowered Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Robert W. Baird reaffirmed a "neutral" rating and set a $26.00 target price (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Truist Financial raised their target price on Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. Finally, Barclays lowered 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 report on Thursday, February 6th. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat, Triumph Group has a consensus rating of "Hold" and an average target price of $18.78.

Triumph Group Trading Down 0.0 %

The firm has a market capitalization of $1.97 billion, a P/E ratio of 3.53 and a beta of 2.53. The business has a 50-day moving average of $22.97 and a 200 day moving average of $18.44.

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Triumph Group (NYSE:TGI - Get Free Report) last issued its 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%. As a group, research analysts forecast that Triumph Group, Inc. will post 0.68 EPS for the current year.

Insider Activity at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $25.32, for a total transaction of $886,200.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.31% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Triumph Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Old West Investment Management LLC boosted its stake in Triumph Group by 1.3% during 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 last quarter. Cornerstone Wealth Management LLC boosted its stake in Triumph Group by 3.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock valued at $298,000 after purchasing an additional 580 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in Triumph Group by 4.7% during the 4th quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company's stock valued at $370,000 after purchasing an additional 896 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Triumph Group by 0.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the aerospace company's stock valued at $5,624,000 after purchasing an additional 1,400 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Triumph Group by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,712 shares of the aerospace company's stock valued at $778,000 after purchasing an additional 1,563 shares during the last quarter. Institutional investors and hedge funds own 94.53% of the company's stock.

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.