TransDigm Group Incorporated (TDG) Holdings Cut by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC trimmed its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.2% in the third quarter, HoldingsChannel.com reports. The fund owned 16,833 shares of the aerospace company’s stock after selling 383 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in TransDigm Group were worth $6,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Asset Advisors Investment Management LLC bought a new stake in shares of TransDigm Group in the third quarter valued at about $186,000. Rice Hall James & Associates LLC lifted its stake in TransDigm Group by 2.3% during the third quarter. Rice Hall James & Associates LLC now owns 16,978 shares of the aerospace company’s stock worth $6,321,000 after purchasing an additional 387 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in TransDigm Group by 171.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 67,639 shares of the aerospace company’s stock worth $25,182,000 after purchasing an additional 42,742 shares during the period. IFM Investors Pty Ltd lifted its stake in TransDigm Group by 14.2% during the third quarter. IFM Investors Pty Ltd now owns 2,668 shares of the aerospace company’s stock worth $993,000 after purchasing an additional 332 shares during the period. Finally, Aperio Group LLC lifted its stake in TransDigm Group by 4.8% during the third quarter. Aperio Group LLC now owns 27,649 shares of the aerospace company’s stock worth $10,294,000 after purchasing an additional 1,260 shares during the period.

NYSE TDG opened at $345.59 on Friday. The company has a market cap of $16.70 billion, a PE ratio of 23.70, a PEG ratio of 1.40 and a beta of 0.77. TransDigm Group Incorporated has a 1-year low of $260.83 and a 1-year high of $377.67.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 7th. The aerospace company reported $4.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.07 by ($0.06). The firm had revenue of $980.70 million for the quarter, compared to analyst estimates of $995.06 million. TransDigm Group had a negative return on equity of 29.79% and a net margin of 20.68%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.30 EPS. Equities research analysts forecast that TransDigm Group Incorporated will post 16.85 EPS for the current year.

A number of research analysts have commented on TDG shares. Berenberg Bank started coverage on shares of TransDigm Group in a research note on Friday, September 28th. They set a “buy” rating and a $420.00 price target for the company. SunTrust Banks raised their price target on shares of TransDigm Group to $436.00 and gave the stock a “buy” rating in a research note on Thursday, October 11th. Cowen restated a “buy” rating on shares of TransDigm Group in a research note on Tuesday, August 7th. UBS Group started coverage on shares of TransDigm Group in a research note on Wednesday, August 15th. They set a “buy” rating and a $430.00 price target for the company. Finally, Credit Suisse Group raised their price target on shares of TransDigm Group from $400.00 to $408.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $378.40.

In other news, Director Raymond F. Laubenthal sold 11,900 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $350.27, for a total transaction of $4,168,213.00. Following the completion of the sale, the director now owns 25,112 shares of the company’s stock, valued at $8,795,980.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider James Skulina sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $355.06, for a total transaction of $3,550,600.00. Following the sale, the insider now directly owns 14,000 shares of the company’s stock, valued at approximately $4,970,840. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,700 shares of company stock valued at $15,998,357. Company insiders own 10.52% of the company’s stock.

TransDigm Group Company Profile

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.

Featured Story: What is a bull market?

Want to see what other hedge funds are holding TDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TransDigm Group Incorporated (NYSE:TDG).

Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

Receive News & Ratings for TransDigm Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply