Brown Advisory Inc. Decreases Holdings in TransDigm Group Incorporated (TDG)

Brown Advisory Inc. lessened its holdings in TransDigm Group Incorporated (NYSE:TDG) by 7.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,906 shares of the aerospace company’s stock after selling 854 shares during the quarter. Brown Advisory Inc.’s holdings in TransDigm Group were worth $3,041,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. boosted its holdings in TransDigm Group by 45.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 646 shares of the aerospace company’s stock worth $177,000 after purchasing an additional 202 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of TransDigm Group during the first quarter valued at $246,000. Sciencast Management LP acquired a new position in shares of TransDigm Group during the fourth quarter valued at $252,000. Zeke Capital Advisors LLC acquired a new position in shares of TransDigm Group during the fourth quarter valued at $255,000. Finally, Federated Investors Inc. PA boosted its holdings in shares of TransDigm Group by 563.0% during the first quarter. Federated Investors Inc. PA now owns 842 shares of the aerospace company’s stock valued at $258,000 after acquiring an additional 715 shares during the period.

Shares of TransDigm Group opened at $348.01 on Friday, according to MarketBeat.com. TransDigm Group Incorporated has a fifty-two week low of $249.57 and a fifty-two week high of $350.00. The company has a current ratio of 3.04, a quick ratio of 2.09 and a debt-to-equity ratio of -4.92. The stock has a market cap of $18.22 billion, a P/E ratio of 28.98, a P/E/G ratio of 1.81 and a beta of 0.83.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.28. TransDigm Group had a net margin of 19.77% and a negative return on equity of 28.60%. The business had revenue of $933.10 million for the quarter, compared to analysts’ expectations of $930.30 million. During the same period in the previous year, the business earned $3.03 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. analysts predict that TransDigm Group Incorporated will post 16.84 earnings per share for the current fiscal year.

In other TransDigm Group news, insider James Skulina sold 10,000 shares of the business’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $342.53, for a total value of $3,425,300.00. Following the sale, the insider now directly owns 14,000 shares in the company, valued at $4,795,420. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jorge Valladares sold 3,250 shares of the business’s stock in a transaction dated Tuesday, April 10th. The stock was sold at an average price of $306.83, for a total transaction of $997,197.50. Following the completion of the sale, the executive vice president now owns 12,250 shares in the company, valued at $3,758,667.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 94,100 shares of company stock worth $30,923,516. 10.52% of the stock is owned by company insiders.

TDG has been the subject of several analyst reports. Credit Suisse Group boosted their price target on shares of TransDigm Group from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, June 29th. Zacks Investment Research downgraded shares of TransDigm Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 3rd. SunTrust Banks boosted their price target on shares of TransDigm Group to $335.00 and gave the company a “buy” rating in a report on Monday, April 16th. Canaccord Genuity boosted their price target on shares of TransDigm Group from $350.00 to $375.00 and gave the company a “positive” rating in a report on Friday, June 29th. Finally, ValuEngine raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $339.21.

TransDigm Group Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's 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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