Triumph Group (NYSE:TGI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Triumph Group (NYSE:TGI) in a research report sent to investors on Monday. The firm issued a hold rating on the aerospace company’s stock.

A number of other analysts have also weighed in on the stock. TD Cowen raised shares of Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Truist Financial raised their price target on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. Barclays cut Triumph Group from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Robert W. Baird reiterated a “neutral” rating and issued a $26.00 target price (up previously from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Finally, Baird R W lowered shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Triumph Group currently has a consensus rating of “Hold” and an average price target of $18.78.

Triumph Group Stock Up 0.2 %

Triumph Group stock opened at $25.45 on Monday. Triumph Group has a 52-week low of $11.01 and a 52-week high of $25.48. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 3.53 and a beta of 2.53. The firm’s fifty day moving average is $23.10 and its 200 day moving average is $18.49.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. On average, equities research analysts anticipate that Triumph Group will post 0.68 earnings per share for the current fiscal year.

Insider Transactions at Triumph Group

In related news, CAO Jennifer H. Allen sold 35,000 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 51,696 shares of the company’s stock, valued at $1,308,942.72. This represents a 40.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.31% of the company’s stock.

Institutional Investors Weigh In On Triumph Group

Several hedge funds have recently modified their holdings of TGI. Sterling Capital Management LLC increased its holdings in Triumph Group by 804.2% during the fourth 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 period. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of 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 period. Brevan Howard Capital Management LP raised its position in shares of 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 worth $230,000 after acquiring an additional 1,798 shares in the last quarter. Capula Management Ltd purchased a new stake in shares of Triumph Group during the 4th quarter worth $297,000. Finally, Cornerstone Wealth Management LLC boosted its position in Triumph Group by 3.8% during the fourth 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 in the last quarter. 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.