Short Interest in Triumph Group, Inc. (NYSE:TGI) Increases By 42.8%

Triumph Group, Inc. (NYSE:TGI) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 5,440,000 shares, an increase of 42.8% from the February 28th total of 3,810,000 shares. Based on an average trading volume of 1,680,000 shares, the short-interest ratio is currently 3.2 days. Currently, 7.2% of the shares of the stock are sold short.

Insider Activity at Triumph Group

In related news, CAO Jennifer H. Allen sold 35,000 shares of the business’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 transaction, the chief accounting officer now owns 51,696 shares of the company’s stock, valued at approximately $1,308,942.72. The trade was a 40.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.31% of the stock is owned by corporate insiders.

Institutional Trading of Triumph Group

Several hedge funds have recently made changes to their positions in the stock. Intech Investment Management LLC lifted its stake in 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Triumph Group by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 679,993 shares of the aerospace company’s stock valued at $8,765,000 after purchasing an additional 26,969 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Triumph Group by 7.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 37,864 shares of the aerospace company’s stock valued at $488,000 after purchasing an additional 2,524 shares during the period. BNP Paribas Financial Markets grew its position in Triumph Group by 13.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 449,792 shares of the aerospace company’s stock worth $5,798,000 after purchasing an additional 53,092 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Triumph Group by 5.3% in the third quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock valued at $526,000 after purchasing an additional 2,043 shares during the period. Institutional investors own 94.53% of the company’s stock.

Triumph Group Stock Performance

Shares of NYSE:TGI traded down $0.05 during mid-day trading on Monday, hitting $25.38. 1,211,401 shares of the company traded hands, compared to its average volume of 1,074,584. The firm has a market cap of $1.96 billion, a P/E ratio of 3.52 and a beta of 2.53. The firm’s 50 day simple moving average is $24.17 and its 200 day simple moving average is $19.21. Triumph Group has a 52-week low of $11.01 and a 52-week high of $25.52.

Triumph Group (NYSE:TGI) last issued its quarterly earnings results on Monday, February 10th. The aerospace company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. Triumph Group had a net margin of 45.08% and a negative return on equity of 55.18%. Equities research analysts expect that Triumph Group will post 0.68 EPS for the current fiscal year.

Analyst Ratings Changes

TGI has been the topic of several analyst reports. Truist Financial raised their price objective on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Wolfe Research lowered shares of Triumph Group from an “outperform” rating to a “peer perform” rating in a report on Monday, February 10th. StockNews.com assumed coverage on shares of Triumph Group in a research note on Tuesday, March 25th. They set a “hold” rating for the company. Barclays lowered Triumph Group from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. Finally, TD Cowen raised Triumph Group to a “hold” rating in a research report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Triumph Group presently has an average rating of “Hold” and an average target price of $18.88.

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.