Advisors Asset Management Inc. cut its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,517 shares of the aerospace company’s stock after selling 801 shares during the quarter. Advisors Asset Management Inc.’s holdings in TransDigm Group were worth $5,330,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of TDG. Marshall Wace LLP acquired a new position in shares of TransDigm Group during the first quarter worth approximately $47,000. Chevy Chase Trust Holdings Inc. increased its position in shares of TransDigm Group by 1.4% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 41,453 shares of the aerospace company’s stock valued at $21,583,000 after purchasing an additional 574 shares during the period. Virtu Financial LLC increased its position in shares of TransDigm Group by 61.6% during the third quarter. Virtu Financial LLC now owns 1,825 shares of the aerospace company’s stock valued at $950,000 after purchasing an additional 696 shares during the period. Stifel Financial Corp increased its position in shares of TransDigm Group by 7.1% during the third quarter. Stifel Financial Corp now owns 8,337 shares of the aerospace company’s stock valued at $4,389,000 after purchasing an additional 551 shares during the period. Finally, Pictet Asset Management Ltd. increased its position in shares of TransDigm Group by 14.2% during the third quarter. Pictet Asset Management Ltd. now owns 28,202 shares of the aerospace company’s stock valued at $14,684,000 after purchasing an additional 3,500 shares during the period. Institutional investors own 99.18% of the company’s stock.
Shares of NYSE:TDG opened at $350.09 on Thursday. The business’s fifty day moving average price is $526.17 and its two-hundred day moving average price is $552.61. TransDigm Group Incorporated has a fifty-two week low of $200.06 and a fifty-two week high of $673.51. The stock has a market capitalization of $16.19 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 2.36 and a beta of 1.07.
TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $4.93 earnings per share for the quarter, beating analysts’ consensus estimates of $4.13 by $0.80. TransDigm Group had a negative return on equity of 45.77% and a net margin of 13.87%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the business posted $3.85 earnings per share. The business’s revenue was up 47.5% compared to the same quarter last year. Equities research analysts forecast that TransDigm Group Incorporated will post 17.02 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on TDG shares. Barclays restated a “buy” rating on shares of TransDigm Group in a research report on Sunday. Cowen lowered their price objective on TransDigm Group from $655.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. Robert W. Baird boosted their price objective on TransDigm Group from $610.00 to $620.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Canaccord Genuity boosted their price objective on TransDigm Group from $625.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, UBS Group boosted their price objective on TransDigm Group from $645.00 to $685.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. TransDigm Group has an average rating of “Hold” and an average price target of $591.77.
In other news, EVP Bernt G. Iversen II sold 8,335 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $639.84, for a total transaction of $5,333,066.40. Following the sale, the executive vice president now owns 13,345 shares in the company, valued at $8,538,664.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert S. Henderson sold 10,000 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $655.08, for a total value of $6,550,800.00. Following the sale, the vice president now owns 35,000 shares in the company, valued at approximately $22,927,800. The disclosure for this sale can be found here. Insiders sold 69,584 shares of company stock worth $40,631,651 over the last quarter. Company insiders own 7.51% of the company’s stock.
TransDigm Group 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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