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

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TGI shares. TD Cowen raised Triumph Group to a “hold” rating in a research note on Thursday, December 19th. StockNews.com started coverage on Triumph Group in a research report on Monday, March 17th. They issued a “hold” rating for the company. Barclays downgraded shares of Triumph Group from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. Wolfe Research cut shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, February 10th. Finally, Baird R W lowered shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.78.

Triumph Group Price Performance

The firm’s 50 day moving average price is $23.38 and its 200 day moving average price is $18.62. The stock has a market capitalization of $1.97 billion, a P/E ratio of 3.53 and a beta of 2.53.

Triumph Group (NYSE:TGI) last released its quarterly earnings data 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 negative return on equity of 55.18% and a net margin of 45.08%. On average, equities research analysts forecast that Triumph Group, Inc. will post 0.68 earnings per share for the current year.

Insider Activity at Triumph Group

In other news, CAO Jennifer H. Allen sold 35,000 shares of the firm’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 approximately $1,308,942.72. This trade represents a 40.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.31% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Triumph Group

Institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. boosted its position in Triumph Group by 124.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock valued at $43,259,000 after acquiring an additional 1,286,568 shares in the last quarter. Barclays PLC lifted its stake in shares of Triumph Group by 155.8% in the 3rd quarter. Barclays PLC now owns 148,530 shares of the aerospace company’s stock valued at $1,915,000 after purchasing an additional 90,456 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Triumph Group by 1,207.4% during the third quarter. JPMorgan Chase & Co. now owns 538,904 shares of the aerospace company’s stock valued at $6,946,000 after purchasing an additional 497,684 shares in the last quarter. Principal Financial Group Inc. grew its stake in Triumph Group by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 374,896 shares of the aerospace company’s stock worth $6,996,000 after purchasing an additional 10,629 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Triumph Group by 8.1% in the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock worth $22,340,000 after purchasing an additional 129,391 shares in the last quarter. 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.