Coatue Management LLC Invests $21.40 Million in TransDigm Group Incorporated (NYSE:TDG)

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Coatue Management LLC purchased a new position in shares of TransDigm Group Incorporated (NYSE:TDG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 48,400 shares of the aerospace company’s stock, valued at approximately $21,395,000.

Several other large investors also recently bought and sold shares of the company. Capital International Investors grew its stake in TransDigm Group by 5.8% in the 1st quarter. Capital International Investors now owns 5,556,250 shares of the aerospace company’s stock valued at $1,779,067,000 after acquiring an additional 303,422 shares during the last quarter. Capital Research Global Investors grew its stake in TransDigm Group by 49.6% in the 1st quarter. Capital Research Global Investors now owns 3,390,171 shares of the aerospace company’s stock valued at $1,085,501,000 after acquiring an additional 1,123,441 shares during the last quarter. Principal Financial Group Inc. grew its stake in TransDigm Group by 40.7% in the 2nd quarter. Principal Financial Group Inc. now owns 3,169,663 shares of the aerospace company’s stock valued at $1,401,150,000 after acquiring an additional 917,414 shares during the last quarter. Windacre Partnership LLC grew its stake in TransDigm Group by 274.7% in the 1st quarter. Windacre Partnership LLC now owns 2,260,700 shares of the aerospace company’s stock valued at $723,854,000 after acquiring an additional 1,657,400 shares during the last quarter. Finally, Altarock Partners LLC grew its stake in TransDigm Group by 18.0% in the 2nd quarter. Altarock Partners LLC now owns 1,192,332 shares of the aerospace company’s stock valued at $527,070,000 after acquiring an additional 182,265 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

TDG has been the topic of several analyst reports. Jefferies Financial Group raised their price target on shares of TransDigm Group from $270.00 to $350.00 and gave the stock a “hold” rating in a research note on Monday, May 11th. UBS Group raised their price target on shares of TransDigm Group from $450.00 to $495.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Susquehanna Bancshares initiated coverage on shares of TransDigm Group in a research note on Tuesday, June 23rd. They set a “neutral” rating and a $494.00 price target on the stock. BofA Securities raised shares of TransDigm Group from an “underperform” rating to a “buy” rating and set a $550.00 price target on the stock in a research note on Friday, August 7th. Finally, Zacks Investment Research raised shares of TransDigm Group from a “sell” rating to a “hold” rating and set a $370.00 price target on the stock in a research note on Tuesday, July 7th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. TransDigm Group has a consensus rating of “Hold” and an average price target of $472.40.

In other news, Chairman W Nicholas Howley sold 21,548 shares of TransDigm Group stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $422.53, for a total transaction of $9,104,676.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John Staer sold 3,578 shares of TransDigm Group stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $493.22, for a total transaction of $1,764,741.16. Following the sale, the director now owns 3,669 shares in the company, valued at approximately $1,809,624.18. The disclosure for this sale can be found here. Insiders sold 85,424 shares of company stock worth $40,045,510 in the last 90 days. 8.17% of the stock is currently owned by insiders.

NYSE TDG traded up $9.50 during mid-day trading on Friday, hitting $503.32. The company’s stock had a trading volume of 380,822 shares, compared to its average volume of 426,118. TransDigm Group Incorporated has a 52-week low of $200.06 and a 52-week high of $673.51. The stock’s fifty day simple moving average is $466.92 and its two-hundred day simple moving average is $426.28. The firm has a market capitalization of $27.28 billion, a P/E ratio of 41.39, a price-to-earnings-growth ratio of 10.19 and a beta of 1.52.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $1.54 EPS for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $4.95 earnings per share. TransDigm Group’s revenue for the quarter was down 38.4% compared to the same quarter last year. As a group, research analysts anticipate that TransDigm Group Incorporated will post 12.26 earnings per share for the current year.

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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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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