Triumph Group, Inc. (NYSE:TGI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its stake in Triumph Group, Inc. (NYSE:TGI) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 231,239 shares of the aerospace company’s stock after selling 3,988 shares during the period. Federated Hermes Inc.’s holdings in Triumph Group were worth $3,563,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TGI. Vision One Management Partners LP acquired a new position in Triumph Group in the fourth quarter valued at $34,587,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Triumph Group during the first quarter worth about $13,542,000. Norges Bank purchased a new stake in Triumph Group during the 4th quarter valued at approximately $12,720,000. Kennedy Capital Management LLC lifted its position in 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 acquiring an additional 300,407 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of Triumph Group by 85,638.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 187,768 shares of the aerospace company’s stock valued at $2,894,000 after purchasing an additional 187,549 shares during the last quarter. Institutional investors and hedge funds own 94.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TGI. TD Cowen reaffirmed a “hold” rating and set a $14.00 price target (down from $19.50) on shares of Triumph Group in a report on Tuesday, May 28th. Truist Financial downgraded shares of Triumph Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $17.00 to $15.00 in a report on Wednesday, August 21st. The Goldman Sachs Group cut shares of Triumph Group from a “buy” rating to a “neutral” rating and cut their price target for the stock from $19.00 to $15.00 in a report on Tuesday, August 13th. StockNews.com lowered Triumph Group from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. Finally, Barclays cut their target price on Triumph Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $16.67.

Triumph Group Trading Up 2.7 %

Shares of TGI opened at $13.53 on Friday. The company has a 50-day moving average of $14.56 and a two-hundred day moving average of $14.42. The stock has a market cap of $1.05 billion, a P/E ratio of 2.04, a PEG ratio of 15.75 and a beta of 2.50. Triumph Group, Inc. has a 12-month low of $7.00 and a 12-month high of $17.87.

Triumph Group (NYSE:TGI) last posted its earnings results on Wednesday, August 7th. The aerospace company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $281.00 million during the quarter, compared to analysts’ expectations of $274.64 million. Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. Triumph Group’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.10) EPS. As a group, analysts forecast that Triumph Group, Inc. will post 0.48 EPS for the current fiscal year.

Triumph Group 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.