Triumph Group (NYSE:TGI) Hits New 12-Month High – Should You Buy?

Triumph Group, Inc. (NYSE:TGI)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $25.44 and last traded at $25.42, with a volume of 259625 shares changing hands. The stock had previously closed at $25.34.

Analysts Set New Price Targets

TGI has been the subject of a number of recent research reports. Barclays cut shares of Triumph Group from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $21.00 to $26.00 in a research note on Thursday, February 6th. StockNews.com began coverage on shares of Triumph Group in a report on Sunday, March 9th. They set a “hold” rating for the company. Wolfe Research cut shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, February 10th. TD Cowen raised shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $26.00 price target (up from $20.00) on shares of Triumph Group in a research 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 company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $18.78.

Triumph Group Stock Up 0.3 %

The business’s 50 day moving average is $22.70 and its 200-day moving average is $18.25. The firm has a market cap of $1.97 billion, a P/E ratio of 3.53 and a beta of 2.52.

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

Insider Buying and Selling at Triumph Group

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were 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 in the company, valued at $1,308,942.72. The trade was a 40.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.31% of the stock is owned by insiders.

Institutional Trading of Triumph Group

Several institutional investors have recently added to or reduced their stakes in TGI. GSA Capital Partners LLP boosted 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 acquiring an additional 3,253 shares during the period. Sasco Capital Inc. CT boosted its holdings in shares of Triumph Group by 50.5% during the third quarter. Sasco Capital Inc. CT now owns 71,473 shares of the aerospace company’s stock valued at $921,000 after acquiring an additional 23,990 shares during the period. Intech Investment Management LLC boosted 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 acquiring an additional 12,965 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Triumph Group by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 679,993 shares of the aerospace company’s stock valued at $8,765,000 after acquiring an additional 26,969 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of Triumph Group by 0.3% during the third quarter. Fisher Asset Management LLC now owns 1,552,527 shares of the aerospace company’s stock valued at $20,012,000 after acquiring an additional 5,377 shares during the period. Institutional investors own 94.53% of the company’s stock.

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.