Advisor Group Inc. lifted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 408.3% in the first quarter, Holdings Channel reports. The institutional investor owned 2,745 shares of the aerospace company’s stock after buying an additional 2,205 shares during the period. Advisor Group Inc.’s holdings in TransDigm Group were worth $1,245,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of TDG. Windacre Partnership LLC boosted its stake in shares of TransDigm Group by 73.1% during the 4th quarter. Windacre Partnership LLC now owns 1,631,200 shares of the aerospace company’s stock worth $554,706,000 after buying an additional 688,700 shares during the last quarter. Norges Bank acquired a new stake in TransDigm Group in the 4th quarter valued at about $146,363,000. Saya Management LP acquired a new stake in TransDigm Group in the 4th quarter valued at about $19,894,000. Advent International Corp MA lifted 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 purchasing an additional 50,000 shares during the last quarter. Finally, Manor Road Capital Partners LLC lifted 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 purchasing an additional 50,000 shares during the last quarter. Institutional investors own 99.09% of the company’s stock.
Several equities research analysts recently issued reports on TDG shares. Zacks Investment Research upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating and set a $513.00 target price for the company in a research note on Tuesday, April 16th. Goldman Sachs Group started coverage on shares of TransDigm Group in a research note on Monday, March 18th. They issued a “buy” rating for the company. Barclays reiterated a “buy” rating on shares of TransDigm Group in a research note on Wednesday, May 15th. Cowen reiterated a “buy” rating and issued a $520.00 target price (up from $460.00) on shares of TransDigm Group in a research note on Monday, March 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of TransDigm Group from $465.00 to $515.00 and gave the company an “underweight” rating in a research note on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $468.09.
TransDigm Group stock opened at $467.15 on Wednesday. The stock has a market capitalization of $25.22 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 2.46 and a beta of 1.05. TransDigm Group Incorporated has a twelve month low of $307.36 and a twelve month high of $489.95.
TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $4.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.73 by $0.48. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations 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 prior year, the firm earned $3.79 EPS. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 16.12 earnings per share for the current year.
In other TransDigm Group news, Chairman W Nicholas Howley sold 17,083 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $475.09, for a total value of $8,115,962.47. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Staer sold 2,500 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $464.67, for a total transaction of $1,161,675.00. Following the completion of the transaction, the director now directly owns 1,691 shares in the company, valued at $785,756.97. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,749 shares of company stock worth $25,047,126. Insiders own 11.00% of the company’s stock.
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TransDigm Group Company Profile
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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