FIL Ltd increased its position in Transdigm Group Incorporated (NYSE:TDG) by 34.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 76,946 shares of the company’s stock after buying an additional 19,810 shares during the period. FIL Ltd’s holdings in Transdigm Group were worth $19,156,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of TDG. Capital World Investors boosted its position in Transdigm Group by 1.4% in the third quarter. Capital World Investors now owns 3,888,100 shares of the company’s stock worth $1,124,127,000 after buying an additional 52,000 shares in the last quarter. Lone Pine Capital LLC boosted its position in Transdigm Group by 12.4% in the second quarter. Lone Pine Capital LLC now owns 2,380,420 shares of the company’s stock worth $627,693,000 after buying an additional 262,561 shares in the last quarter. State Street Corp boosted its position in Transdigm Group by 5.1% in the fourth quarter. State Street Corp now owns 2,193,017 shares of the company’s stock worth $545,978,000 after buying an additional 106,491 shares in the last quarter. Principal Financial Group Inc. boosted its position in Transdigm Group by 3.0% in the third quarter. Principal Financial Group Inc. now owns 1,955,149 shares of the company’s stock worth $565,273,000 after buying an additional 57,484 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its position in Transdigm Group by 4.8% in the second quarter. William Blair Investment Management LLC now owns 1,150,408 shares of the company’s stock worth $303,351,000 after buying an additional 52,169 shares in the last quarter.
Shares of Transdigm Group Incorporated (NYSE:TDG) traded down 0.99% during midday trading on Friday, hitting $249.94. 312,997 shares of the stock were exchanged. The firm has a 50-day moving average price of $241.16 and a 200 day moving average price of $264.63. Transdigm Group Incorporated has a 12-month low of $205.19 and a 12-month high of $294.38. The firm has a market cap of $13.21 billion, a PE ratio of 29.21 and a beta of 0.49.
Transdigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 7th. The company reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.09. Transdigm Group had a net margin of 13.91% and a negative return on equity of 58.47%. The firm had revenue of $814 million for the quarter, compared to analyst estimates of $804.52 million. During the same period last year, the firm posted $2.27 EPS. Transdigm Group’s quarterly revenue was up 16.0% on a year-over-year basis. Analysts predict that Transdigm Group Incorporated will post $12.22 earnings per share for the current fiscal year.
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TDG has been the subject of a number of research analyst reports. Jefferies Group LLC restated a “buy” rating and set a $298.00 price objective on shares of Transdigm Group in a research report on Thursday, February 9th. SunTrust Banks, Inc. initiated coverage on shares of Transdigm Group in a research report on Thursday, January 19th. They set a “buy” rating and a $291.00 price objective for the company. Canaccord Genuity restated a “buy” rating and set a $325.00 price objective on shares of Transdigm Group in a research report on Thursday, January 5th. RBC Capital Markets initiated coverage on shares of Transdigm Group in a research report on Wednesday, January 11th. They set an “outperform” rating and a $316.00 price objective for the company. Finally, Deutsche Bank AG upped their price objective on shares of Transdigm Group from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Monday, December 5th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $297.20.
In other news, Director Raymond F. Laubenthal acquired 7,200 shares of the stock in a transaction that occurred on Thursday, December 1st. The shares were purchased at an average cost of $245.39 per share, for a total transaction of $1,766,808.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert S. Henderson sold 10,000 shares of Transdigm Group stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $250.23, for a total transaction of $2,502,300.00. Following the completion of the transaction, the vice president now owns 20,000 shares in the company, valued at $5,004,600. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 189,073 shares of company stock worth $46,603,810 and sold 50,928 shares worth $12,785,774. Company insiders own 10.52% of the company’s stock.
Transdigm Group Company Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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