Triumph Group, Inc. (NYSE:TGI) Director Neal J. Keating Purchases 10,000 Shares

Triumph Group, Inc. (NYSE:TGI) Director Neal J. Keating acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were bought at an average price of $14.13 per share, for a total transaction of $141,300.00. Following the acquisition, the director now owns 68,987 shares of the company’s stock, valued at $974,786.31. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Triumph Group Price Performance

NYSE TGI traded up $1.09 during mid-day trading on Wednesday, hitting $15.15. The stock had a trading volume of 1,260,385 shares, compared to its average volume of 800,009. The firm’s 50 day moving average is $14.05 and its 200 day moving average is $14.13. Triumph Group, Inc. has a twelve month low of $7.00 and a twelve month high of $17.27. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 2.29, a PEG ratio of 16.79 and a beta of 2.53.

Triumph Group (NYSE:TGI) last posted its quarterly earnings data on Thursday, May 23rd. The aerospace company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.12 by $0.19. Triumph Group had a negative return on equity of 0.78% and a net margin of 39.09%. The firm had revenue of $358.60 million during the quarter, compared to the consensus estimate of $341.95 million. During the same period in the prior year, the company earned $0.39 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts expect that Triumph Group, Inc. will post 0.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TGI shares. Truist Financial dropped their target price on Triumph Group from $27.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. JPMorgan Chase & Co. upgraded Triumph Group from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $13.00 to $17.00 in a research report on Monday, April 15th. The Goldman Sachs Group upped their price objective on Triumph Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. TD Cowen reiterated a “hold” rating and set a $14.00 target price (down previously from $19.50) on shares of Triumph Group in a research report on Tuesday, May 28th. Finally, Wolfe Research upgraded Triumph Group from a “peer perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a research report on Thursday, March 28th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.75.

Institutional Trading of Triumph Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale acquired a new stake in shares of Triumph Group during the 1st quarter worth about $56,000. Kennedy Capital Management LLC increased its position in shares of Triumph Group by 199.6% during the 1st quarter. Kennedy Capital Management LLC now owns 450,918 shares of the aerospace company’s stock worth $6,782,000 after purchasing an additional 300,407 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Triumph Group by 98.3% during the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 1,922 shares during the last quarter. Gabelli Funds LLC acquired a new stake in shares of Triumph Group during the 1st quarter worth about $553,000. Finally, Keeley Teton Advisors LLC increased its position in shares of Triumph Group by 12.8% during the 1st quarter. Keeley Teton Advisors LLC now owns 136,406 shares of the aerospace company’s stock worth $2,052,000 after purchasing an additional 15,529 shares during the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

Triumph Group Company Profile

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.