Triumph Group, Inc. (NYSE:TGI) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lowered its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 395,551 shares of the aerospace company’s stock after selling 5,314 shares during the quarter. Dana Investment Advisors Inc. owned about 0.51% of Triumph Group worth $6,095,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Triumph Group in the fourth quarter worth $12,720,000. Keeley Teton Advisors LLC raised its stake in Triumph Group by 0.6% in the 4th quarter. Keeley Teton Advisors LLC now owns 120,877 shares of the aerospace company’s stock worth $2,004,000 after acquiring an additional 721 shares during the last quarter. Vision One Management Partners LP acquired a new stake in Triumph Group during the 4th quarter worth about $34,587,000. Vanguard Group Inc. grew its stake in Triumph Group by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,021,354 shares of the aerospace company’s stock valued at $116,414,000 after purchasing an additional 110,375 shares during the last quarter. Finally, Quadrature Capital Ltd increased its holdings in shares of Triumph Group by 106.9% in the fourth quarter. Quadrature Capital Ltd now owns 53,551 shares of the aerospace company’s stock valued at $888,000 after purchasing an additional 27,664 shares during the period. 94.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TGI. Jefferies Financial Group reiterated a “hold” rating and issued a $14.00 target price (down previously from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. Truist Financial downgraded shares of Triumph Group from a “buy” rating to a “hold” rating and dropped their price objective 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 reduced their target price for the stock from $19.00 to $15.00 in a report on Tuesday, August 13th. Bank of America lowered shares of Triumph Group from a “buy” rating to an “underperform” rating and lowered their price target for the company from $17.00 to $12.00 in a report on Tuesday, September 24th. Finally, Barclays reduced their price objective 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.67.

Triumph Group Stock Performance

Shares of Triumph Group stock opened at $12.80 on Wednesday. The firm has a 50-day simple moving average of $13.89 and a two-hundred day simple moving average of $14.35. Triumph Group, Inc. has a fifty-two week low of $7.00 and a fifty-two week high of $17.87. The company has a market cap of $989.44 million, a P/E ratio of 1.93, a price-to-earnings-growth ratio of 15.94 and a beta of 2.50.

Triumph Group (NYSE:TGI) last issued its quarterly earnings data on Wednesday, August 7th. The aerospace company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $281.00 million during the quarter, compared to analyst estimates of $274.64 million. Triumph Group had a net margin of 40.39% and a negative return on equity of 1.77%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.10) earnings per share. Equities research analysts forecast that Triumph Group, Inc. will post 0.47 EPS for the current year.

About Triumph Group

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.