Triumph Group (NYSE:TGI) Sets New 1-Year High – Here’s Why

Shares of Triumph Group, Inc. (NYSE:TGI) reached a new 52-week high on Wednesday . The stock traded as high as $25.44 and last traded at $25.29, with a volume of 484 shares. The stock had previously closed at $25.30.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TGI shares. TD Cowen raised shares of Triumph Group to a “hold” rating in a report on Thursday, December 19th. StockNews.com started coverage on shares of Triumph Group in a report on Friday, February 21st. They issued a “hold” rating for the company. Barclays downgraded shares of Triumph Group from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. Robert W. Baird reissued a “neutral” rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a report on Tuesday, February 4th. Finally, Truist Financial upped their price target on shares of Triumph Group from $19.00 to $26.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $18.78.

Triumph Group Stock Down 0.0 %

The company has a market capitalization of $1.96 billion, a PE ratio of 3.51 and a beta of 2.51. The business’s 50 day simple moving average is $20.90 and its 200 day simple moving average is $17.20.

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

Institutional Trading of Triumph Group

A number of hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Triumph Group by 17.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 191,866 shares of the aerospace company’s stock valued at $3,580,000 after buying an additional 29,093 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in shares of Triumph Group by 4.7% in the 4th quarter. Rafferty Asset Management LLC now owns 19,802 shares of the aerospace company’s stock valued at $370,000 after purchasing an additional 896 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 purchasing an additional 2,484 shares during the period. ProShare Advisors LLC increased its holdings in shares of Triumph Group by 44.2% in the 4th quarter. ProShare Advisors LLC now owns 22,191 shares of the aerospace company’s stock valued at $414,000 after purchasing an additional 6,806 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in shares of Triumph Group by 16.4% in the 4th quarter. Nuveen Asset Management LLC now owns 248,644 shares of the aerospace company’s stock valued at $4,640,000 after purchasing an additional 34,974 shares during the period. 94.53% of the stock is owned by hedge funds and other 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.