Triumph Group (NYSE:TGI) Trading Up 10.6%

Triumph Group Inc (NYSE:TGI) traded up 10.6% on Thursday . The stock traded as high as $7.39 and last traded at $7.20. 2,912,128 shares were traded during trading, an increase of 63% from the average session volume of 1,783,373 shares. The stock had previously closed at $6.51.

A number of analysts have commented on TGI shares. Cowen restated a “hold” rating and issued a $5.00 price target on shares of Triumph Group in a research report on Wednesday, August 5th. Canaccord Genuity reiterated a “hold” rating and set a $8.00 price objective on shares of Triumph Group in a research note on Thursday, August 6th. ValuEngine upgraded shares of Triumph Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 16th. JPMorgan Chase & Co. downgraded shares of Triumph Group from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $10.00 to $8.00 in a report on Wednesday, August 12th. Finally, SunTrust Banks cut shares of Triumph Group from a “hold” rating to a “sell” rating and set a $5.00 price objective for the company. in a research note on Wednesday, July 15th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $6.33.

The stock has a fifty day moving average of $7.27 and a 200 day moving average of $7.36. The company has a market capitalization of $339.00 million, a PE ratio of -1.14 and a beta of 2.64.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Tuesday, August 4th. The aerospace company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02). Triumph Group had a negative net margin of 12.14% and a negative return on equity of 12.76%. The company had revenue of $495.08 million for the quarter, compared to analysts’ expectations of $462.84 million. On average, research analysts expect that Triumph Group Inc will post -0.46 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Holdings Inc. bought a new stake in Triumph Group in the 1st quarter valued at $45,000. Bank of Montreal Can grew its position in shares of Triumph Group by 2,588.5% during the second quarter. Bank of Montreal Can now owns 6,533 shares of the aerospace company’s stock valued at $50,000 after purchasing an additional 6,290 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Triumph Group by 216.4% in the second quarter. Nisa Investment Advisors LLC now owns 7,910 shares of the aerospace company’s stock worth $71,000 after purchasing an additional 5,410 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Triumph Group in the first quarter worth about $79,000. Finally, Paloma Partners Management Co purchased a new position in Triumph Group during the 1st quarter valued at approximately $107,000. 84.87% of the stock is owned by institutional investors.

About Triumph Group (NYSE:TGI)

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. The company operates in three segments: Integrated Systems, Aerospace Structures, and Product Support. It offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers.

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