The stock of Triumph Group Inc (NYSE:TGI) is a huge mover today! The stock increased 4.21% or $1.15 on November 22, hitting $28.45. About 983,609 shares traded hands or 21.22% up from the average. Triumph Group Inc (NYSE:TGI) has declined 23.89% since April 20, 2016 and is downtrending. It has underperformed by 28.45% the S&P500.
The move comes after 9 months positive chart setup for the $1.42B company. It was reported on Nov, 22 by Barchart.com. We have $29.30 PT which if reached, will make NYSE:TGI worth $42.60 million more.
Triumph Group Inc (NYSE:TGI) Ratings Coverage
Out of 12 analysts covering Triumph Group (NYSE:TGI), 5 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 42% are positive. Triumph Group has been the topic of 23 analyst reports since July 30, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Triumph Group Inc (NYSE:TGI) on Friday, January 29 with “Outperform” rating. The company was upgraded on Monday, February 22 by Bank of America. The firm has “Buy” rating by Deutsche Bank given on Monday, June 13. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, October 13. The firm earned “Underperform” rating on Thursday, October 6 by Robert W. Baird. The firm has “Hold” rating given on Tuesday, November 15 by Deutsche Bank. Goldman Sachs maintained Triumph Group Inc (NYSE:TGI) rating on Monday, May 9. Goldman Sachs has “Neutral” rating and $36 price target. The rating was maintained by RBC Capital Markets on Thursday, July 30 with “Outperform”. Sterne Agee CRT maintained the stock with “Buy” rating in Friday, October 2 report.
According to Zacks Investment Research, “Triumph Group Inc. designs, engineers, manufactures, repairs and overhauls aircraft components. The company serves a broad, worldwide spectrum of the aviation industry, including commercial airlines and air cargo carriers, as well as original equipment manufacturers of aircraft and aircraft components. The company also distributes, processes and fabricates metal products.”
Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q2. Its down 0.09, from 1.17 in 2016Q1. The ratio fall, as 26 funds sold all Triumph Group Inc shares owned while 67 reduced positions. 36 funds bought stakes while 73 increased positions. They now own 45.95 million shares or 4.80% more from 43.84 million shares in 2016Q1.
Moreover, Toronto Dominion National Bank & Trust has 0% invested in Triumph Group Inc (NYSE:TGI) for 2,000 shares. Aperio Grp Ltd Liability Corporation owns 33,040 shares or 0.01% of their US portfolio. Wells Fargo Company Mn reported 58,032 shares or 0% of all its holdings. Manufacturers Life Insurance The accumulated 0.01% or 98,725 shares. Scout has invested 0.03% of its portfolio in Triumph Group Inc (NYSE:TGI). Pnc Finance Services Gp Inc, a Pennsylvania-based fund reported 103,199 shares. Paloma Ptnrs Mngmt holds 20,532 shares or 0.01% of its portfolio. Towle & accumulated 0% or 110 shares. Highbridge Capital Management Limited Liability Com holds 44,912 shares or 0.03% of its portfolio. Sei holds 0.01% or 24,551 shares in its portfolio. Federated Invsts Inc Pa, a Pennsylvania-based fund reported 47,038 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt System has 0.01% invested in the company for 9,531 shares. D E Shaw Company Incorporated owns 270,278 shares or 0.02% of their US portfolio. Pub Employees Retirement Association Of Colorado holds 0% of its portfolio in Triumph Group Inc (NYSE:TGI) for 9,450 shares. Liberty Mutual Grp Inc Inc Asset Inc has invested 0.03% of its portfolio in Triumph Group Inc (NYSE:TGI).
Insider Transactions: Since November 7, 2016, the stock had 3 insider purchases, and 0 sales for $1.58 million net activity. $255,000 worth of Triumph Group Inc (NYSE:TGI) shares were bought by Holzthum Thomas K. 50,000 shares with value of $1.28M were bought by Crowley Daniel J on Monday, November 7. $50,250 worth of Triumph Group Inc (NYSE:TGI) was bought by LOVELY RICHARD.
More notable recent Triumph Group Inc (NYSE:TGI) news were published by: Fool.com which released: “Is Triumph Group, Inc. Stock a Buy Right Now?” on March 29, 2016, also Fool.com with their article: “The 3 Biggest Challenges Facing Triumph Group, Inc. Stock” published on March 16, 2016, Nasdaq.com published: “Triumph Group Inc (TGI) President & CEO Daniel J Crowley Bought $â€“.’ million …” on November 10, 2016. More interesting news about Triumph Group Inc (NYSE:TGI) were released by: Moodys.com and their article: “Moody’s downgrades Triumph Group, Inc. ratings: CFR to Ba3, outlook is negative” published on October 17, 2016 as well as Fool.com‘s news article titled: “Why Shares of Triumph Group Plunged 18% Today” with publication date: July 28, 2016.
TGI Company Profile
Triumph Group, Inc. (Triumph), incorporated on March 11, 1993, designs, engineers, makes, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. The Firm serves a spectrum of the aviation industry, including original equipment manufacturers (OEMs) of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers. The Firm offers a range of services and products to the aerospace industry through three divisions: 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 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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