Creative Planning grew its position in TransDigm Group Incorporated (NYSE:TDG) by 66.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,613 shares of the aerospace company’s stock after acquiring an additional 1,448 shares during the quarter. Creative Planning’s holdings in TransDigm Group were worth $992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in TDG. Capital International Investors boosted its holdings in TransDigm Group by 51.8% during the 2nd quarter. Capital International Investors now owns 1,332,593 shares of the aerospace company’s stock valued at $358,294,000 after acquiring an additional 454,568 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of TransDigm Group by 1,843.6% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 191,538 shares of the aerospace company’s stock worth $5,698,000 after buying an additional 181,683 shares during the period. Windacre Partnership LLC lifted its holdings in shares of TransDigm Group by 20.4% in the 3rd quarter. Windacre Partnership LLC now owns 773,100 shares of the aerospace company’s stock worth $197,643,000 after buying an additional 131,000 shares during the period. Matrix Capital Management Company LP lifted its holdings in shares of TransDigm Group by 16.2% in the 2nd quarter. Matrix Capital Management Company LP now owns 717,783 shares of the aerospace company’s stock worth $192,990,000 after buying an additional 100,000 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of TransDigm Group by 54.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 268,258 shares of the aerospace company’s stock worth $68,580,000 after buying an additional 95,016 shares during the period.
TransDigm Group Incorporated (NYSE TDG) opened at $286.20 on Tuesday. TransDigm Group Incorporated has a 52-week low of $203.72 and a 52-week high of $321.38. The company has a market capitalization of $14,870.00, a price-to-earnings ratio of 22.62, a PEG ratio of 1.62 and a beta of 0.77. The company has a debt-to-equity ratio of -4.38, a quick ratio of 1.86 and a current ratio of 2.76.
TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.64 by ($0.21). The company had revenue of $847.96 million during the quarter, compared to analysts’ expectations of $860.12 million. TransDigm Group had a net margin of 18.95% and a negative return on equity of 27.70%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $2.57 earnings per share. equities research analysts predict that TransDigm Group Incorporated will post 14.92 EPS for the current year.
In related news, EVP Roger Jones sold 5,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $294.50, for a total value of $1,472,500.00. Following the transaction, the executive vice president now owns 9,000 shares in the company, valued at approximately $2,650,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alex Feil sold 5,444 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $280.85, for a total value of $1,528,947.40. Following the completion of the transaction, the insider now owns 5,444 shares in the company, valued at approximately $1,528,947.40. The disclosure for this sale can be found here. Insiders have sold a total of 99,992 shares of company stock valued at $27,423,192 over the last ninety days. 11.45% of the stock is owned by company insiders.
TDG has been the subject of several recent research reports. Zacks Investment Research raised TransDigm Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Jefferies Group reissued a “hold” rating and issued a $285.00 price objective on shares of TransDigm Group in a report on Monday, January 8th. Royal Bank of Canada set a $346.00 price objective on TransDigm Group and gave the company a “buy” rating in a report on Thursday, November 16th. Canaccord Genuity reissued a “buy” rating and issued a $330.00 price objective on shares of TransDigm Group in a report on Friday, February 2nd. Finally, SunTrust Banks restated a “buy” rating and issued a $307.00 target price on shares of TransDigm Group in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. TransDigm Group currently has an average rating of “Buy” and an average target price of $309.94.
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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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