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

Triumph Group, Inc. (NYSE:TGI)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $25.32 and last traded at $25.23, with a volume of 2401458 shares changing hands. The stock had previously closed at $18.74.

Wall Street Analyst Weigh In

TGI has been the subject of a number of recent analyst reports. TD Cowen raised Triumph Group to a “hold” rating in a research report on Thursday, December 19th. StockNews.com raised Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. downgraded Triumph Group from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $15.00 to $12.00 in a research report on Monday, October 14th. Barclays lifted their target price on Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Finally, Truist Financial lifted their target price on Triumph Group from $18.00 to $19.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Triumph Group presently has a consensus rating of “Hold” and an average target price of $16.38.

Triumph Group Stock Up 34.2 %

The company has a 50 day moving average of $18.74 and a 200 day moving average of $16.07. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 3.69 and a beta of 2.51.

Institutional Trading of Triumph Group

Several hedge funds and other institutional investors have recently bought and sold shares of TGI. International Assets Investment Management LLC increased its holdings in Triumph Group by 1,189.0% in the third quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock valued at $133,000 after buying an additional 9,512 shares during the last quarter. Centiva Capital LP bought a new stake in Triumph Group in the third quarter valued at about $255,000. Cornerstone Wealth Management LLC grew its holdings in shares of 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 during the last quarter. GSA Capital Partners LLP grew its holdings in shares of Triumph Group by 14.1% during the third quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock valued at $340,000 after purchasing an additional 3,253 shares during the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of Triumph Group by 61.2% during the third quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company’s stock valued at $440,000 after purchasing an additional 12,965 shares during the last quarter. 94.53% of the stock is owned by institutional investors.

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.