Sumitomo Mitsui Asset Management Company LTD decreased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 10.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,263 shares of the aerospace company’s stock after selling 381 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in TransDigm Group were worth $1,126,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in TDG. Raymond James Financial Services Advisors Inc. bought a new position in shares of TransDigm Group in the second quarter valued at $215,000. Aperio Group LLC increased its holdings in shares of TransDigm Group by 4.1% in the second quarter. Aperio Group LLC now owns 26,389 shares of the aerospace company’s stock valued at $9,108,000 after buying an additional 1,049 shares in the last quarter. Dupont Capital Management Corp increased its holdings in shares of TransDigm Group by 20.5% in the second quarter. Dupont Capital Management Corp now owns 9,283 shares of the aerospace company’s stock valued at $3,204,000 after buying an additional 1,579 shares in the last quarter. BP PLC bought a new position in shares of TransDigm Group in the second quarter valued at $2,106,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of TransDigm Group by 3.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 24,897 shares of the aerospace company’s stock valued at $8,593,000 after buying an additional 814 shares in the last quarter.
Shares of NYSE:TDG opened at $369.00 on Tuesday. 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 12-month low of $249.57 and a 12-month high of $377.67. The firm has a market cap of $19.39 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 1.93 and a beta of 0.85.
TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $933.10 million for the quarter, compared to the consensus estimate of $930.30 million. During the same period in the previous year, the business earned $3.03 EPS. The company’s revenue was up 7.4% on a year-over-year basis. sell-side analysts forecast that TransDigm Group Incorporated will post 16.84 earnings per share for the current fiscal year.
In other TransDigm Group news, VP Robert S. Henderson sold 15,000 shares of the business’s stock in a transaction on Friday, May 11th. The shares were sold at an average price of $333.49, for a total transaction of $5,002,350.00. Following the sale, the vice president now directly owns 40,000 shares of the company’s stock, valued at approximately $13,339,600. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Raymond F. Laubenthal sold 11,900 shares of the business’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $325.82, for a total transaction of $3,877,258.00. Following the sale, the director now directly owns 25,112 shares in the company, valued at $8,181,991.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,700 shares of company stock worth $23,977,454. Company insiders own 11.45% of the company’s stock.
Several research firms have issued reports on TDG. Morgan Stanley upped their price target on TransDigm Group from $341.00 to $372.00 and gave the company an “equal weight” rating in a report on Thursday, July 12th. Cowen raised TransDigm Group from a “market perform” rating to an “outperform” rating and set a $408.00 price target on the stock in a report on Wednesday, July 11th. Jefferies Financial Group upped their price target on TransDigm Group from $323.00 to $350.00 and gave the company a “hold” rating in a report on Friday, June 29th. Zacks Investment Research cut TransDigm Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Finally, ValuEngine raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. TransDigm Group has a consensus rating of “Buy” and a consensus target price of $351.29.
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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