Triumph Group (NYSE:TGI) Shares Gap Up to $13.58

Triumph Group, Inc. (NYSE:TGI)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $13.58, but opened at $14.25. Triumph Group shares last traded at $13.94, with a volume of 19,877 shares traded.

Wall Street Analyst Weigh In

TGI has been the topic of several recent research reports. The Goldman Sachs Group lifted their price target on shares of Triumph Group from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday. Barclays upgraded shares of Triumph Group from an “equal weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a research note on Friday, January 5th. JPMorgan Chase & Co. upgraded shares of Triumph Group from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $13.00 to $17.00 in a research note on Monday. Bank of America upgraded shares of Triumph Group from an “underperform” rating to a “buy” rating and lifted their price target for the company from $9.00 to $21.00 in a research note on Thursday, January 25th. Finally, Robert W. Baird upgraded shares of Triumph Group from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $13.00 to $20.00 in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Triumph Group has an average rating of “Moderate Buy” and a consensus target price of $19.63.

Triumph Group Stock Performance

The firm’s 50 day moving average price is $14.29 and its two-hundred day moving average price is $12.71.

Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, February 7th. The aerospace company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.30). The firm had revenue of $285.00 million for the quarter, compared to analyst estimates of $367.96 million. Triumph Group had a negative return on equity of 2.15% and a negative net margin of 3.49%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 earnings per share. Research analysts predict that Triumph Group, Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Neal J. Keating bought 7,200 shares of Triumph Group stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $14.53 per share, with a total value of $104,616.00. Following the acquisition, the director now owns 58,987 shares of the company’s stock, valued at approximately $857,081.11. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by insiders.

Institutional Trading of Triumph Group

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC boosted its holdings in Triumph Group by 298.4% in the 4th quarter. Signaturefd LLC now owns 2,506 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 1,877 shares during the period. Captrust Financial Advisors raised its position in shares of Triumph Group by 141.0% in the 1st quarter. Captrust Financial Advisors now owns 2,902 shares of the aerospace company’s stock valued at $73,000 after buying an additional 1,698 shares in the last quarter. UBS Group AG raised its position in shares of Triumph Group by 112.9% in the 3rd quarter. UBS Group AG now owns 3,202 shares of the aerospace company’s stock valued at $27,000 after buying an additional 1,698 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Triumph Group in the 2nd quarter valued at approximately $53,000. Finally, International Assets Investment Management LLC raised its position in shares of Triumph Group by 1,558.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,974 shares of the aerospace company’s stock valued at $82,000 after buying an additional 4,674 shares in the last quarter. Institutional investors own 94.53% of the company’s stock.

About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, 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, exhaust nozzles and ducting, 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.