WINTON GROUP Ltd decreased its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 70.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,135 shares of the aerospace company’s stock after selling 2,667 shares during the quarter. WINTON GROUP Ltd’s holdings in Transdigm Group were worth $290,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of TDG. Municipal Employees Retirement System of Michigan lifted its position in Transdigm Group by 76.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 2,820 shares of the aerospace company’s stock valued at $758,000 after purchasing an additional 1,220 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Transdigm Group during the second quarter valued at $234,000. Korea Investment CORP lifted its position in Transdigm Group by 142.6% during the second quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock valued at $133,000 after purchasing an additional 291 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Transdigm Group by 7.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 166,401 shares of the aerospace company’s stock valued at $44,741,000 after purchasing an additional 10,834 shares during the last quarter. Finally, Rice Hall James & Associates LLC lifted its position in Transdigm Group by 10.6% during the second quarter. Rice Hall James & Associates LLC now owns 5,900 shares of the aerospace company’s stock valued at $1,586,000 after purchasing an additional 565 shares during the last quarter.
Several research firms have commented on TDG. Zacks Investment Research lowered shares of Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. SunTrust Banks reiterated a “buy” rating and set a $300.00 price objective on shares of Transdigm Group in a research report on Monday, October 2nd. Robert W. Baird reiterated a “buy” rating and set a $300.00 price objective on shares of Transdigm Group in a research report on Thursday, October 12th. Wolfe Research upgraded shares of Transdigm Group from a “market perform” rating to an “outperform” rating in a research report on Friday, November 10th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $330.00 price objective on shares of Transdigm Group in a research report on Friday, September 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $296.87.
In related news, Director Michael Graff sold 1,872 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $278.92, for a total value of $522,138.24. Following the transaction, the director now owns 9,482 shares of the company’s stock, valued at approximately $2,644,719.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $263.78, for a total transaction of $1,582,680.00. The disclosure for this sale can be found here. Insiders sold a total of 98,648 shares of company stock valued at $26,299,932 in the last 90 days. Company insiders own 10.52% of the company’s stock.
Transdigm Group Incorporated (NYSE:TDG) traded down $0.53 during trading on Friday, hitting $274.62. 281,342 shares of the stock traded hands, compared to its average volume of 407,569. The company has a market cap of $14,269.25, a price-to-earnings ratio of 23.06, a PEG ratio of 2.32 and a beta of 0.50. The company has a quick ratio of 1.61, a current ratio of 2.45 and a debt-to-equity ratio of -3.86. Transdigm Group Incorporated has a 12-month low of $203.72 and a 12-month high of $295.00.
Transdigm Group (NYSE:TDG) last released its earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.18 by $0.30. The firm had revenue of $923.89 million during the quarter, compared to analyst estimates of $959.77 million. Transdigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $3.29 EPS. equities analysts forecast that Transdigm Group Incorporated will post 12.66 EPS for the current year.
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Transdigm Group 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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