Wells Fargo & Company MN lifted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 281,571 shares of the aerospace company’s stock after acquiring an additional 4,815 shares during the period. Wells Fargo & Company MN owned about 0.54% of TransDigm Group worth $86,425,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in TransDigm Group by 1.2% during the 4th quarter. BlackRock Inc. now owns 4,156,622 shares of the aerospace company’s stock worth $1,141,491,000 after buying an additional 48,978 shares during the last quarter. Windacre Partnership LLC grew its stake in shares of TransDigm Group by 14.5% in the fourth quarter. Windacre Partnership LLC now owns 885,200 shares of the aerospace company’s stock worth $243,094,000 after purchasing an additional 112,100 shares in the last quarter. Viking Global Investors LP bought a new position in shares of TransDigm Group in the fourth quarter worth $157,994,000. Geode Capital Management LLC grew its stake in shares of TransDigm Group by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 491,939 shares of the aerospace company’s stock worth $134,797,000 after purchasing an additional 15,020 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of TransDigm Group by 25.1% in the fourth quarter. Bank of New York Mellon Corp now owns 414,268 shares of the aerospace company’s stock worth $113,765,000 after purchasing an additional 83,180 shares in the last quarter.
In related news, Director Raymond F. Laubenthal sold 11,900 shares of the stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $325.82, for a total value of $3,877,258.00. Following the completion of the transaction, the director now directly owns 25,112 shares of the company’s stock, valued at $8,181,991.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Roger Jones sold 5,000 shares of the stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $323.78, for a total transaction of $1,618,900.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,600 shares of company stock valued at $32,643,420. 10.52% of the stock is owned by insiders.
Several research firms have recently issued reports on TDG. Wolfe Research cut TransDigm Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 15th. Canaccord Genuity increased their price target on TransDigm Group from $330.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, April 30th. ValuEngine cut TransDigm Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. Zacks Investment Research raised TransDigm Group from a “hold” rating to a “buy” rating and set a $359.00 price target for the company in a research note on Monday, May 7th. Finally, Cowen reaffirmed a “hold” rating on shares of TransDigm Group in a research note on Tuesday, May 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. TransDigm Group has an average rating of “Buy” and a consensus target price of $331.00.
Shares of TransDigm Group opened at $335.75 on Friday, MarketBeat.com reports. The stock has a market cap of $17.50 billion, a P/E ratio of 27.96, a PEG ratio of 1.71 and a beta of 0.79. The company has a quick ratio of 2.09, a current ratio of 3.04 and a debt-to-equity ratio of -4.92. TransDigm Group Incorporated has a fifty-two week low of $249.57 and a fifty-two week high of $338.89.
TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.51 by $0.28. TransDigm Group had a net margin of 19.77% and a negative return on equity of 28.60%. The company had revenue of $933.10 million during the quarter, compared to the consensus estimate of $930.30 million. During the same period in the prior year, the firm earned $3.03 earnings per share. TransDigm Group’s revenue was up 7.4% on a year-over-year basis. sell-side analysts predict that TransDigm Group Incorporated will post 17.17 EPS for the current fiscal year.
About TransDigm Group
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's 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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