Toronto Dominion Bank increased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 16.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,169 shares of the aerospace company’s stock after acquiring an additional 4,780 shares during the quarter. Toronto Dominion Bank’s holdings in TransDigm Group were worth $15,054,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Windacre Partnership LLC increased its stake in TransDigm Group by 73.1% in the 4th quarter. Windacre Partnership LLC now owns 1,631,200 shares of the aerospace company’s stock valued at $554,706,000 after buying an additional 688,700 shares during the period. Norges Bank acquired a new position in TransDigm Group in the 4th quarter valued at $146,363,000. Saya Management LP acquired a new position in TransDigm Group in the 4th quarter valued at $19,894,000. Advent International Corp MA increased its stake in TransDigm Group by 29.6% in the 4th quarter. Advent International Corp MA now owns 219,075 shares of the aerospace company’s stock valued at $74,499,000 after buying an additional 50,000 shares during the period. Finally, Manor Road Capital Partners LLC increased its stake in TransDigm Group by 100.0% in the 4th quarter. Manor Road Capital Partners LLC now owns 100,000 shares of the aerospace company’s stock valued at $34,006,000 after buying an additional 50,000 shares during the period.
TDG has been the topic of several research analyst reports. Goldman Sachs Group initiated coverage on shares of TransDigm Group in a research report on Monday, March 18th. They set a “buy” rating on the stock. Longbow Research initiated coverage on shares of TransDigm Group in a research report on Tuesday, April 9th. They set a “neutral” rating on the stock. Canaccord Genuity boosted their target price on shares of TransDigm Group from $400.00 to $460.00 and gave the stock a “buy” rating in a research report on Wednesday, February 6th. Zacks Investment Research lowered shares of TransDigm Group from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. Finally, Credit Suisse Group boosted their target price on shares of TransDigm Group from $405.00 to $476.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $454.64.
Shares of NYSE TDG traded down $2.12 during trading on Friday, hitting $463.02. 6,208 shares of the company were exchanged, compared to its average volume of 307,290. The firm has a market capitalization of $24.47 billion, a P/E ratio of 27.17, a PEG ratio of 2.37 and a beta of 1.01. TransDigm Group Incorporated has a 1 year low of $307.36 and a 1 year high of $489.95.
TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, May 7th. The aerospace company reported $4.21 EPS for the quarter, topping the consensus estimate of $3.73 by $0.48. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. TransDigm Group had a net margin of 19.44% and a negative return on equity of 50.29%. The business’s revenue was up 28.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.79 EPS. As a group, equities research analysts forecast that TransDigm Group Incorporated will post 16.12 earnings per share for the current year.
In other TransDigm Group news, EVP Jorge Valladares sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $436.99, for a total value of $2,184,950.00. Following the transaction, the executive vice president now directly owns 14,000 shares in the company, valued at approximately $6,117,860. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert J. Small bought 229,940 shares of TransDigm Group stock in a transaction on Wednesday, February 20th. The stock was purchased at an average price of $434.90 per share, for a total transaction of $100,000,906.00. Following the completion of the acquisition, the director now owns 37,175 shares in the company, valued at approximately $16,167,407.50. The disclosure for this purchase can be found here. Insiders sold a total of 69,793 shares of company stock worth $31,178,900 over the last quarter. Insiders own 11.00% of the company’s stock.
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About TransDigm Group
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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