Triumph Group (NYSE:TGI) Sees Large Volume Increase on Strong Earnings

Shares of Triumph Group, Inc. (NYSE:TGIGet Free Report) saw unusually-high trading volume on Thursday following a better than expected earnings announcement. Approximately 941,749 shares changed hands during mid-day trading, an increase of 25% from the previous session’s volume of 752,254 shares.The stock last traded at $13.00 and had previously closed at $15.00.

The aerospace company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.09 by $0.22. The company had revenue of $358.60 million during the quarter, compared to the consensus estimate of $341.95 million. Triumph Group had a negative net margin of 3.49% and a negative return on equity of 2.15%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 earnings per share.

Analyst Ratings Changes

Several brokerages recently commented on TGI. The Goldman Sachs Group boosted their price objective on shares of Triumph Group from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Bank of America upgraded shares of Triumph Group from an “underperform” rating to a “buy” rating and lifted their target price for the company from $9.00 to $21.00 in a research report on Thursday, January 25th. JPMorgan Chase & Co. upgraded shares of Triumph Group from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $13.00 to $17.00 in a research report on Monday, April 15th. Finally, Wolfe Research upgraded shares of Triumph Group from a “peer perform” rating to an “outperform” rating and set a $18.00 target price for the company in a research report on Thursday, March 28th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.63.

Read Our Latest Research Report on TGI

Hedge Funds Weigh In On Triumph Group

A number of hedge funds have recently bought and sold shares of TGI. Headlands Technologies LLC bought a new position in Triumph Group in the 1st quarter worth about $35,000. Signaturefd LLC lifted its stake in Triumph Group by 298.4% during the 4th quarter. Signaturefd LLC now owns 2,506 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 1,877 shares during the period. Fifth Third Bancorp lifted its stake in Triumph Group by 1,980.2% during the 3rd quarter. Fifth Third Bancorp now owns 6,303 shares of the aerospace company’s stock valued at $48,000 after acquiring an additional 6,000 shares during the period. Lazard Asset Management LLC lifted its stake in Triumph Group by 98.3% during the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 1,922 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in Triumph Group by 1,558.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,974 shares of the aerospace company’s stock valued at $82,000 after acquiring an additional 4,674 shares during the period. Institutional investors own 94.53% of the company’s stock.

Triumph Group Trading Down 13.2 %

The firm has a market cap of $1.00 billion, a P/E ratio of -18.84, a PEG ratio of 13.87 and a beta of 2.55. The company’s 50 day simple moving average is $14.03 and its 200-day simple moving average is $13.85.

About Triumph Group

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Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, 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, exhaust nozzles and ducting, 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.

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