Triumph Group Inc (NYSE:TGI) traded down 5.1% during mid-day trading on Thursday . The stock traded as low as $26.70 and last traded at $27.65. 1,619,200 shares traded hands during trading, an increase of 203% from the average session volume of 534,832 shares. The stock had previously closed at $29.15.

Several equities research analysts have recently issued reports on the stock. SunTrust Banks increased their target price on shares of Triumph Group to $34.00 and gave the stock a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research lowered shares of Triumph Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 10th. Robert W. Baird reaffirmed a “buy” rating and issued a $34.00 price target on shares of Triumph Group in a research note on Thursday, October 12th. Canaccord Genuity reaffirmed a “hold” rating and issued a $36.00 price target (up from $30.00) on shares of Triumph Group in a research note on Thursday, November 9th. Finally, TheStreet lowered shares of Triumph Group from a “c-” rating to a “d+” rating in a research note on Wednesday, December 27th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.80.

The stock has a market capitalization of $1,372.74, a P/E ratio of -5.16, a price-to-earnings-growth ratio of 0.67 and a beta of 1.75. The company has a current ratio of 1.84, a quick ratio of 0.42 and a debt-to-equity ratio of 1.82.

Triumph Group (NYSE:TGI) last released its quarterly earnings data on Thursday, February 1st. The aerospace company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.11. The company had revenue of $775.25 million during the quarter, compared to the consensus estimate of $769.08 million. Triumph Group had a negative net margin of 7.68% and a positive return on equity of 27.59%. Triumph Group’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 EPS. analysts forecast that Triumph Group Inc will post 2.5 EPS for the current fiscal year.

In other Triumph Group news, Director Joseph Silvestri sold 34,162 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $30.31, for a total value of $1,035,450.22. Following the completion of the sale, the director now owns 109,078 shares in the company, valued at approximately $3,306,154.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Daniel J. Crowley sold 78,900 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $31.35, for a total transaction of $2,473,515.00. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC raised its holdings in Triumph Group by 56.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,763 shares of the aerospace company’s stock valued at $119,000 after acquiring an additional 1,363 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in Triumph Group in the 2nd quarter valued at about $201,000. BlueCrest Capital Management Ltd acquired a new stake in Triumph Group in the 2nd quarter valued at about $207,000. Amalgamated Bank acquired a new stake in Triumph Group in the 2nd quarter valued at about $210,000. Finally, Sei Investments Co. raised its holdings in Triumph Group by 35.6% in the 3rd quarter. Sei Investments Co. now owns 7,160 shares of the aerospace company’s stock valued at $214,000 after acquiring an additional 1,881 shares during the last quarter.

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Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aircraft components, accessories, subassemblies and systems. The Company offers a range of products and services to the aerospace industry through three segments: Triumph Aerostructures Group, whose companies are engaged in the design, manufacture, assembly and integration of metallic and composite aerostructures and structural components for the aerospace original equipment manufacturer (OEM) market; Triumph Aerospace Systems Group, whose companies design, engineer and manufacture a range of build-to-print components, assemblies and systems also for the OEM market, and Triumph Aftermarket Services Group, whose companies serve aircraft fleets, such as commercial airlines, the United States military and cargo carriers, through the maintenance, repair and overhaul (MRO) of aircraft components and accessories manufactured by third parties.

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