Transdigm Group Incorporated (TDG) Director Raymond F. Laubenthal Sells 6,000 Shares
Transdigm Group Incorporated (NYSE:TDG) Director Raymond F. Laubenthal sold 6,000 shares of Transdigm Group stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $277.56, for a total value of $1,665,360.00. Following the transaction, the director now owns 75,701 shares in the company, valued at $21,011,569.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Transdigm Group Incorporated (NYSE TDG) traded down 0.86% on Thursday, hitting $277.95. The company’s stock had a trading volume of 84,105 shares. The firm has a market cap of $14.43 billion, a price-to-earnings ratio of 30.88 and a beta of 0.56. Transdigm Group Incorporated has a one year low of $203.72 and a one year high of $295.00. The stock has a 50-day moving average price of $277.88 and a 200 day moving average price of $254.27.
Transdigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.98 by $0.32. Transdigm Group had a net margin of 14.47% and a negative return on equity of 40.12%. The firm had revenue of $907.67 million during the quarter, compared to the consensus estimate of $903.99 million. During the same quarter last year, the firm earned $3.09 EPS. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Equities research analysts predict that Transdigm Group Incorporated will post $12.30 EPS for the current year.
Institutional investors have recently modified their holdings of the stock. Colony Group LLC boosted its position in shares of Transdigm Group by 1.9% in the second quarter. Colony Group LLC now owns 8,135 shares of the aerospace company’s stock valued at $2,187,000 after buying an additional 152 shares in the last quarter. Nomura Holdings Inc. boosted its position in shares of Transdigm Group by 113.8% in the second quarter. Nomura Holdings Inc. now owns 3,640 shares of the aerospace company’s stock valued at $979,000 after buying an additional 30,101 shares in the last quarter. DF Dent & Co. Inc. boosted its position in shares of Transdigm Group by 3.6% in the second quarter. DF Dent & Co. Inc. now owns 246,733 shares of the aerospace company’s stock valued at $66,339,000 after buying an additional 8,508 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in shares of Transdigm Group during the second quarter valued at approximately $1,336,000. Finally, Bank of Nova Scotia boosted its position in shares of Transdigm Group by 7,493.9% in the second quarter. Bank of Nova Scotia now owns 87,178 shares of the aerospace company’s stock valued at $23,439,000 after buying an additional 86,030 shares in the last quarter.
Several equities analysts recently weighed in on the company. Canaccord Genuity reiterated a “buy” rating and set a $300.00 target price on shares of Transdigm Group in a research report on Thursday, May 25th. Jefferies Group LLC restated a “buy” rating and issued a $283.00 price objective on shares of Transdigm Group in a research report on Friday, July 14th. Zacks Investment Research downgraded Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday. Vertical Research restated a “buy” rating and issued a $316.00 price objective (up from $280.00) on shares of Transdigm Group in a research report on Thursday, August 10th. Finally, Cowen and Company restated a “market perform” rating and issued a $290.00 price objective (up from $219.00) on shares of Transdigm Group in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $297.52.
Transdigm Group Company Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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