Rafferty Asset Management LLC boosted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 284.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,565 shares of the aerospace company’s stock after purchasing an additional 10,036 shares during the quarter. Rafferty Asset Management LLC’s holdings in TransDigm Group were worth $5,996,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. SG Americas Securities LLC grew its position in TransDigm Group by 223.9% during the first quarter. SG Americas Securities LLC now owns 4,344 shares of the aerospace company’s stock valued at $1,391,000 after buying an additional 3,003 shares during the period. Aigen Investment Management LP purchased a new stake in shares of TransDigm Group in the first quarter worth about $2,789,000. Sowell Financial Services LLC lifted its holdings in shares of TransDigm Group by 447.1% in the first quarter. Sowell Financial Services LLC now owns 569 shares of the aerospace company’s stock worth $182,000 after buying an additional 465 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of TransDigm Group by 1.7% in the first quarter. AQR Capital Management LLC now owns 6,928 shares of the aerospace company’s stock worth $2,218,000 after buying an additional 114 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in shares of TransDigm Group by 16.6% in the first quarter. Guggenheim Capital LLC now owns 16,481 shares of the aerospace company’s stock worth $5,278,000 after buying an additional 2,345 shares in the last quarter. Institutional investors and hedge funds own 99.16% of the company’s stock.
Shares of TDG stock traded up $0.75 during trading hours on Thursday, hitting $483.56. 7,487 shares of the company’s stock were exchanged, compared to its average volume of 415,392. The company has a market capitalization of $26.18 billion, a PE ratio of 39.72, a PEG ratio of 9.78 and a beta of 1.42. TransDigm Group Incorporated has a 12-month low of $200.06 and a 12-month high of $673.51. The business’s 50 day simple moving average is $446.47 and its 200-day simple moving average is $438.29.
TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 4th. The aerospace company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.70. TransDigm Group had a net margin of 14.24% and a negative return on equity of 25.74%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business earned $4.95 earnings per share. The business’s revenue was down 38.4% on a year-over-year basis. On average, sell-side analysts anticipate that TransDigm Group Incorporated will post 12.26 EPS for the current fiscal year.
In other news, insider Halle Fine Terrion sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $494.54, for a total value of $2,225,430.00. Following the transaction, the insider now owns 5,378 shares in the company, valued at $2,659,636.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman W Nicholas Howley sold 21,548 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $422.53, for a total transaction of $9,104,676.44. The disclosure for this sale can be found here. Insiders sold 89,924 shares of company stock worth $42,270,940 in the last 90 days. Company insiders own 8.17% of the company’s stock.
A number of equities research analysts have recently issued reports on TDG shares. JPMorgan Chase & Co. raised shares of TransDigm Group from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $320.00 to $415.00 in a report on Wednesday, May 27th. Credit Suisse Group raised their target price on shares of TransDigm Group from $380.00 to $473.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Jefferies Financial Group raised their target price on shares of TransDigm Group from $270.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, May 11th. Zacks Investment Research raised shares of TransDigm Group from a “sell” rating to a “hold” rating and set a $370.00 target price on the stock in a research note on Tuesday, July 7th. Finally, Susquehanna Bancshares assumed coverage on shares of TransDigm Group in a research note on Tuesday, June 23rd. They issued a “neutral” rating and a $494.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $472.40.
TransDigm Group 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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