Federated Hermes Inc. Buys New Position in Triumph Group, Inc. (NYSE:TGI)

Federated Hermes Inc. purchased a new position in shares of Triumph Group, Inc. (NYSE:TGI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 233,917 shares of the aerospace company’s stock, valued at approximately $3,878,000. Federated Hermes Inc. owned approximately 0.30% of Triumph Group at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Graham Capital Management L.P. raised its holdings in Triumph Group by 122.3% during the third quarter. Graham Capital Management L.P. now owns 136,580 shares of the aerospace company’s stock worth $1,046,000 after purchasing an additional 75,147 shares in the last quarter. Citigroup Inc. raised its stake in shares of Triumph Group by 46.0% in the 3rd quarter. Citigroup Inc. now owns 130,055 shares of the aerospace company’s stock worth $996,000 after buying an additional 40,982 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Triumph Group by 120.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 346,405 shares of the aerospace company’s stock valued at $5,743,000 after buying an additional 189,161 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Triumph Group by 17.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 583,763 shares of the aerospace company’s stock valued at $4,472,000 after buying an additional 87,248 shares in the last quarter. Finally, tru Independence LLC boosted its stake in Triumph Group by 69.7% during the third quarter. tru Independence LLC now owns 506,425 shares of the aerospace company’s stock valued at $3,879,000 after buying an additional 208,067 shares in the last quarter. 94.53% of the stock is owned by institutional investors and hedge funds.

Triumph Group Price Performance

NYSE TGI opened at $13.65 on Friday. The stock has a 50-day simple moving average of $14.06 and a 200 day simple moving average of $12.96. Triumph Group, Inc. has a twelve month low of $7.00 and a twelve month high of $17.27.

Triumph Group (NYSE:TGI) last announced its quarterly earnings data on Wednesday, February 7th. The aerospace company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.30). The company had revenue of $285.00 million during the quarter, compared to analyst estimates of $367.96 million. Triumph Group had a negative return on equity of 2.15% and a negative net margin of 3.49%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 EPS. As a group, analysts predict that Triumph Group, Inc. will post -0.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Robert W. Baird raised shares of Triumph Group from a “neutral” rating to an “outperform” rating and upped their price target for the company from $13.00 to $20.00 in a report on Tuesday, January 16th. Bank of America upgraded shares of Triumph Group from an “underperform” rating to a “buy” rating and raised their target price for the stock from $9.00 to $21.00 in a report on Thursday, January 25th. Wolfe Research upgraded shares of Triumph Group from a “peer perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a research report on Thursday, March 28th. Truist Financial increased their price objective on Triumph Group from $17.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. upgraded Triumph Group from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $13.00 to $17.00 in a report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Triumph Group has an average rating of “Moderate Buy” and a consensus target price of $19.63.

Insider Activity

In other Triumph Group news, Director Neal J. Keating bought 7,200 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost of $14.53 per share, for a total transaction of $104,616.00. Following the transaction, the director now owns 58,987 shares in the company, valued at $857,081.11. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.40% of the company’s stock.

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.