Triumph Group (NYSE:TGI) Reaches New 52-Week High – Time to Buy?

Triumph Group, Inc. (NYSE:TGI)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $25.51 and last traded at $25.49, with a volume of 624560 shares changing hands. The stock had previously closed at $25.47.

Analyst Ratings Changes

A number of brokerages have issued reports on TGI. Baird R W lowered Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. StockNews.com assumed coverage on shares of Triumph Group in a research report on Tuesday. They issued a “hold” rating for the company. Barclays cut shares of Triumph Group from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $21.00 to $26.00 in a research note on Thursday, February 6th. 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. Finally, TD Cowen upgraded shares of Triumph Group to a “hold” rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $18.78.

Triumph Group Price Performance

The company has a market cap of $1.97 billion, a PE ratio of 3.54 and a beta of 2.53. The stock has a fifty day moving average price of $23.65 and a 200-day moving average price of $18.87.

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

Insider Buying and Selling at Triumph Group

In other 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 transaction, the chief accounting officer now directly owns 51,696 shares in the company, valued at $1,308,942.72. The trade was a 40.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.31% of the company’s stock.

Institutional Trading of Triumph Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC increased its position in Triumph Group by 804.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 2,091 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in Triumph Group by 58.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company’s stock worth $126,000 after buying an additional 2,484 shares during the last quarter. Brevan Howard Capital Management LP increased its holdings in Triumph Group by 17.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company’s stock worth $230,000 after buying an additional 1,798 shares during the last quarter. Centiva Capital LP bought a new position in Triumph Group during the third quarter valued at approximately $255,000. Finally, Capula Management Ltd acquired a new stake in Triumph Group in the fourth quarter valued at approximately $297,000. 94.53% of the stock is currently owned by hedge funds and other 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.