LPL Financial LLC Purchases 366 Shares of TransDigm Group Incorporated (TDG)

LPL Financial LLC increased its position in TransDigm Group Incorporated (NYSE:TDG) by 11.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,693 shares of the aerospace company’s stock after buying an additional 366 shares during the quarter. LPL Financial LLC’s holdings in TransDigm Group were worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Clearfield Capital Management LP increased its stake in TransDigm Group by 38.2% in the 1st quarter. Clearfield Capital Management LP now owns 138,505 shares of the aerospace company’s stock worth $42,513,000 after purchasing an additional 38,297 shares during the period. Element Capital Management LLC purchased a new position in TransDigm Group in the 1st quarter worth approximately $913,000. Tremblant Capital Group increased its stake in TransDigm Group by 61.1% in the 1st quarter. Tremblant Capital Group now owns 241,747 shares of the aerospace company’s stock worth $74,202,000 after purchasing an additional 91,661 shares during the period. Rudman Errol M increased its stake in TransDigm Group by 0.5% in the 1st quarter. Rudman Errol M now owns 91,926 shares of the aerospace company’s stock worth $28,216,000 after purchasing an additional 475 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in TransDigm Group by 13.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 55,575 shares of the aerospace company’s stock worth $17,058,000 after purchasing an additional 6,506 shares during the period.

A number of equities analysts have commented on the company. Jefferies Financial Group lifted their price target on TransDigm Group from $323.00 to $350.00 and gave the stock a “hold” rating in a research note on Friday, June 29th. Zacks Investment Research cut TransDigm Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. ValuEngine raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Credit Suisse Group lifted their price target on TransDigm Group from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, June 29th. Finally, Canaccord Genuity lifted their price target on TransDigm Group from $350.00 to $375.00 and gave the stock a “positive” rating in a research note on Friday, June 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $339.21.

In related news, insider Joel Reiss sold 5,400 shares of the company’s stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $319.93, for a total value of $1,727,622.00. Following the sale, the insider now directly owns 9,000 shares of the company’s stock, valued at $2,879,370. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider James Skulina sold 10,000 shares of the company’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $342.53, for a total value of $3,425,300.00. Following the completion of the sale, the insider now directly owns 14,000 shares in the company, valued at $4,795,420. The disclosure for this sale can be found here. Insiders have sold 90,850 shares of company stock worth $29,926,318 over the last three months. Insiders own 11.45% of the company’s stock.

TransDigm Group opened at $352.37 on Wednesday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of -4.92, a quick ratio of 2.09 and a current ratio of 3.04. TransDigm Group Incorporated has a 52-week low of $249.57 and a 52-week high of $355.00. The company has a market cap of $18.25 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 1.81 and a beta of 0.83.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.51 by $0.28. TransDigm Group had a negative return on equity of 28.60% and a net margin of 19.77%. The firm 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 firm earned $3.03 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. equities analysts anticipate that TransDigm Group Incorporated will post 16.84 EPS for the current year.

TransDigm Group Company 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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