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

Triumph Group, Inc. (NYSE:TGI) reached a new 52-week high on Tuesday . The company traded as high as $19.71 and last traded at $19.04, with a volume of 299159 shares traded. The stock had previously closed at $16.27.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TGI. JPMorgan Chase & Co. downgraded shares of Triumph Group from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $15.00 to $12.00 in a research note on Monday, October 14th. StockNews.com downgraded shares of Triumph Group from a “hold” rating to a “sell” rating in a research report on Tuesday. TD Cowen raised their price target on Triumph Group from $14.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday. The Goldman Sachs Group downgraded Triumph Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $19.00 to $15.00 in a research report on Tuesday, August 13th. Finally, Bank of America cut shares of Triumph Group from a “buy” rating to an “underperform” rating and reduced their target price for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.11.

Triumph Group Price Performance

The business’s 50 day moving average price is $14.02 and its 200-day moving average price is $14.50. The company has a market cap of $1.42 billion, a P/E ratio of 2.69 and a beta of 2.48.

Institutional Trading of Triumph Group

A number of hedge funds and other institutional investors have recently modified their holdings of TGI. Headlands Technologies LLC acquired a new stake in shares of Triumph Group in the first quarter valued at approximately $35,000. Quest Partners LLC acquired a new stake in shares of Triumph Group in the second quarter valued at approximately $41,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Triumph Group in the first quarter valued at approximately $56,000. Lazard Asset Management LLC increased its holdings in shares of Triumph Group by 98.3% in the first quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock valued at $58,000 after purchasing an additional 1,922 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Triumph Group by 473.7% in the second quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock valued at $79,000 after purchasing an additional 4,249 shares in the last quarter. Institutional investors and hedge funds own 94.53% of the company’s stock.

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.