Triumph Group (NYSE:TGI) Sets New 12-Month High on Better-Than-Expected Earnings

Triumph Group, Inc. (NYSE:TGI) shares hit a new 52-week high during mid-day trading on Monday following a better than expected earnings announcement. The company traded as high as $25.41 and last traded at $25.37, with a volume of 2598390 shares changing hands. The stock had previously closed at $25.19.

The aerospace company reported $0.27 earnings per share 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 52.06%.

Wall Street Analysts Forecast Growth

TGI has been the topic of a number of research analyst reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $26.00 price target (up from $20.00) on shares of Triumph Group in a research note on Tuesday, February 4th. Baird R W cut shares of Triumph Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Barclays cut shares of Triumph Group from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $21.00 to $26.00 in a research report on Thursday, February 6th. TD Cowen upgraded shares of Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. cut Triumph Group from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $15.00 to $12.00 in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.78.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TGI. International Assets Investment Management LLC lifted its holdings in shares of Triumph Group by 1,189.0% in the 3rd quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock worth $133,000 after acquiring an additional 9,512 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in Triumph Group by 3.8% in 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 period. Centiva Capital LP acquired a new position in Triumph Group during the third quarter worth $255,000. GSA Capital Partners LLP boosted its position 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 worth $340,000 after buying an additional 3,253 shares during the period. Finally, Intech Investment Management LLC grew its stake in shares of Triumph Group by 61.2% in the third quarter. Intech Investment Management LLC now owns 34,152 shares of the aerospace company’s stock valued at $440,000 after buying an additional 12,965 shares in the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Triumph Group Trading Up 0.7 %

The company has a fifty day moving average of $19.48 and a 200-day moving average of $16.43. The stock has a market cap of $1.96 billion, a PE ratio of 3.52 and a beta of 2.51.

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.