Smith Salley & Associates raised its position in TransDigm Group Incorporated (NYSE:TDG) by 4.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,426 shares of the aerospace company’s stock after acquiring an additional 639 shares during the quarter. Smith Salley & Associates’ holdings in TransDigm Group were worth $6,116,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in TDG. Mainstay Capital Management LLC ADV increased its position in shares of TransDigm Group by 25,276.7% in the second quarter. Mainstay Capital Management LLC ADV now owns 840,475 shares of the aerospace company’s stock valued at $2,692,000 after acquiring an additional 837,163 shares during the period. FMR LLC increased its stake in shares of TransDigm Group by 36.4% in the second quarter. FMR LLC now owns 1,413,320 shares of the aerospace company’s stock worth $487,794,000 after purchasing an additional 376,984 shares in the last quarter. First Trust Advisors LP increased its stake in shares of TransDigm Group by 523.4% in the second quarter. First Trust Advisors LP now owns 99,641 shares of the aerospace company’s stock worth $34,390,000 after purchasing an additional 83,658 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of TransDigm Group by 407.8% in the second quarter. Advisors Asset Management Inc. now owns 75,979 shares of the aerospace company’s stock worth $5,053,000 after purchasing an additional 61,017 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. purchased a new position in TransDigm Group during the second quarter valued at $17,978,000.
In other news, insider James Skulina sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $355.06, for a total value of $3,550,600.00. Following the completion of the sale, the insider now owns 14,000 shares in the company, valued at approximately $4,970,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raymond F. Laubenthal sold 11,900 shares of TransDigm Group stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $326.65, for a total transaction of $3,887,135.00. Following the sale, the director now owns 25,193 shares of the company’s stock, valued at approximately $8,229,293.45. The disclosure for this sale can be found here. Insiders sold a total of 45,700 shares of company stock valued at $15,998,357 in the last 90 days. Company insiders own 10.52% of the company’s stock.
Several equities analysts have commented on TDG shares. SunTrust Banks increased their price objective on shares of TransDigm Group to $436.00 and gave the company a “buy” rating in a research report on Thursday, October 11th. Berenberg Bank started coverage on shares of TransDigm Group in a research report on Friday, September 28th. They set a “buy” rating and a $420.00 price objective for the company. UBS Group started coverage on shares of TransDigm Group in a research report on Wednesday, August 15th. They set a “buy” rating and a $430.00 price objective for the company. Cowen reiterated a “buy” rating on shares of TransDigm Group in a research report on Tuesday, August 7th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $375.00 price objective on shares of TransDigm Group in a research report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $378.40.
TransDigm Group stock opened at $357.46 on Friday. The stock has a market capitalization of $18.97 billion, a PE ratio of 25.50, a PEG ratio of 1.59 and a beta of 0.89. TransDigm Group Incorporated has a 12-month low of $261.61 and a 12-month high of $377.67.
TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, November 6th. The aerospace company reported $4.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.05 by $0.39. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.04 billion. TransDigm Group had a net margin of 23.64% and a negative return on equity of 33.66%. The business’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the business earned $3.48 EPS. On average, research analysts expect that TransDigm Group Incorporated will post 16.21 earnings per share for the current fiscal year.
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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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