JPMorgan Chase & Co. boosted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 12.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,903 shares of the aerospace company’s stock after buying an additional 3,956 shares during the quarter. JPMorgan Chase & Co. owned 0.07% of TransDigm Group worth $13,366,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Piedmont Investment Advisors LLC bought a new position in shares of TransDigm Group during the second quarter valued at $190,000. Massachusetts Financial Services Co. MA increased its holdings in shares of TransDigm Group by 3.4% during 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 acquiring an additional 814 shares in the last quarter. Aperio Group LLC increased its holdings in shares of TransDigm Group by 4.1% during the second quarter. Aperio Group LLC now owns 26,389 shares of the aerospace company’s stock valued at $9,108,000 after acquiring an additional 1,049 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of TransDigm Group during the second quarter valued at $215,000. Finally, Cognios Capital LLC increased its holdings in shares of TransDigm Group by 398.4% during the second quarter. Cognios Capital LLC now owns 7,347 shares of the aerospace company’s stock valued at $2,534,000 after acquiring an additional 5,873 shares in the last quarter.
Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on TransDigm Group from $330.00 to $365.00 and gave the company an “underweight” rating in a report on Friday, August 10th. Robert W. Baird downgraded TransDigm Group from an “outperform” rating to a “neutral” rating and set a $365.00 price target for the company. in a report on Thursday, October 11th. UBS Group started coverage on TransDigm Group in a report on Wednesday, August 15th. They issued a “buy” rating and a $430.00 price objective for the company. SunTrust Banks lifted their price objective on TransDigm Group to $436.00 and gave the stock a “buy” rating in a report on Thursday, October 11th. Finally, Berenberg Bank started coverage on TransDigm Group in a report on Friday, September 28th. They issued a “buy” rating and a $420.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $378.40.
NYSE TDG opened at $343.38 on Friday. TransDigm Group Incorporated has a one year low of $265.29 and a one year high of $377.67. The stock has a market capitalization of $18.66 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 1.56 and a beta of 0.89.
TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, November 6th. The aerospace company reported $4.44 EPS for the quarter, topping the consensus estimate of $4.05 by $0.39. TransDigm Group had a negative return on equity of 35.67% and a net margin of 23.64%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company earned $3.48 EPS. TransDigm Group’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, analysts predict that TransDigm Group Incorporated will post 15.61 earnings per share for the current fiscal year.
In other TransDigm Group news, insider James Skulina sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $345.46, for a total value of $5,181,900.00. Following the transaction, the insider now directly owns 19,000 shares of the company’s stock, valued at $6,563,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raymond F. Laubenthal sold 11,900 shares of the firm’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $326.65, for a total value of $3,887,135.00. Following the completion of the transaction, the director now directly owns 25,193 shares in the company, valued at $8,229,293.45. The disclosure for this sale can be found here. Insiders sold a total of 48,800 shares of company stock valued at $17,012,044 over the last quarter. 10.52% of the stock is owned by corporate insiders.
TransDigm Group Company Profile
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. The 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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