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

Shares of Triumph Group, Inc. (NYSE:TGI) reached a new 52-week high on Tuesday . The stock traded as high as $25.52 and last traded at $25.52, with a volume of 629595 shares traded. The stock had previously closed at $25.34.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TGI shares. Wolfe Research downgraded Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. 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. Barclays lowered shares of Triumph Group from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. 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. Finally, StockNews.com assumed coverage on shares of Triumph Group in a research report on Wednesday. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat, Triumph Group presently has a consensus rating of “Hold” and a consensus price target of $18.88.

Triumph Group Stock Performance

The company has a market cap of $1.96 billion, a P/E ratio of 3.52 and a beta of 2.53. The business’s 50-day moving average price is $24.56 and its 200 day moving average price is $19.38.

Triumph Group (NYSE:TGI) last posted its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, topping 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%. Equities research analysts forecast that Triumph Group, Inc. will post 0.68 earnings per share for the current year.

Insider Transactions at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the firm’s stock in a transaction on 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 sale, the chief accounting officer now owns 51,696 shares of the company’s stock, valued at $1,308,942.72. This trade represents a 40.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.31% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Triumph Group

Large investors have recently modified their holdings of the stock. Sterling Capital Management LLC grew its stake in Triumph Group by 804.2% in 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Triumph Group by 58.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock worth $126,000 after acquiring an additional 2,484 shares during the period. Brevan Howard Capital Management LP grew its position in shares of Triumph Group by 17.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock valued at $230,000 after purchasing an additional 1,798 shares during the last quarter. Centiva Capital LP bought a new position in shares of Triumph Group during the third quarter worth approximately $255,000. Finally, Capula Management Ltd acquired a new stake in Triumph Group during the 4th quarter worth approximately $297,000. 94.53% of the stock is owned by institutional investors.

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.