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

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

Triumph Group Trading Down 0.2 %

TGI traded down $0.05 during mid-day trading on Monday, hitting $25.38. 1,211,401 shares of the stock were exchanged, compared to its average volume of 1,074,584. The company has a market cap of $1.96 billion, a PE ratio of 3.52 and a beta of 2.53. The firm’s fifty day moving average is $24.17 and its two-hundred day moving average is $19.21. Triumph Group has a 1-year low of $11.01 and a 1-year high of $25.52.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share 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%. As a group, research analysts anticipate that Triumph Group 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 firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total value of $886,200.00. Following the completion of the sale, the chief accounting officer now owns 51,696 shares of the company’s stock, valued at $1,308,942.72. This trade represents a 40.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.31% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp boosted its stake in Triumph Group by 7.8% in the third quarter. State Street Corp now owns 4,447,835 shares of the aerospace company’s stock valued at $57,333,000 after acquiring an additional 322,048 shares in the last quarter. Irenic Capital Management LP raised its stake in shares of Triumph Group by 19.9% during the fourth quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company’s stock worth $70,666,000 after purchasing an additional 628,296 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Triumph Group by 124.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,318,285 shares of the aerospace company’s stock valued at $43,259,000 after acquiring an additional 1,286,568 shares in the last quarter. Fisher Asset Management LLC increased its position in Triumph Group by 17.9% during the 4th quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock worth $34,145,000 after purchasing an additional 277,333 shares during the period. Finally, Geode Capital Management LLC raised its position in Triumph Group by 8.1% in the third quarter. Geode Capital Management LLC now owns 1,732,791 shares of the aerospace company’s stock worth $22,340,000 after acquiring an additional 129,391 shares in the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TGI has been the topic of several research reports. Baird R W downgraded Triumph Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Wolfe Research cut Triumph Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, February 10th. StockNews.com started coverage on shares of Triumph Group in a research report on Tuesday, March 25th. They set a “hold” rating for the company. Truist Financial boosted their price target on Triumph Group from $19.00 to $26.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Finally, Barclays downgraded shares of Triumph Group from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $21.00 to $26.00 in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.