Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in TransDigm Group Incorporated (NYSE:TDG) by 40.6% during the third quarter, HoldingsChannel.com reports. The fund owned 439 shares of the aerospace company’s stock after selling 300 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in TransDigm Group were worth $163,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. CIBC Asset Management Inc raised its stake in shares of TransDigm Group by 3.9% in the 2nd quarter. CIBC Asset Management Inc now owns 4,994 shares of the aerospace company’s stock valued at $1,724,000 after acquiring an additional 186 shares during the period. Sumitomo Life Insurance Co. grew its holdings in TransDigm Group by 4.2% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 6,821 shares of the aerospace company’s stock valued at $2,354,000 after purchasing an additional 275 shares in the last quarter. Smithfield Trust Co. grew its holdings in TransDigm Group by 800.0% during the 2nd quarter. Smithfield Trust Co. now owns 315 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 280 shares in the last quarter. LFA Lugano Financial Advisors SA grew its holdings in TransDigm Group by 105.0% during the 3rd quarter. LFA Lugano Financial Advisors SA now owns 570 shares of the aerospace company’s stock valued at $212,000 after purchasing an additional 292 shares in the last quarter. Finally, First Hawaiian Bank acquired a new stake in TransDigm Group during the 3rd quarter valued at $117,000.
A number of equities research analysts recently weighed in on TDG shares. SunTrust Banks raised their price target on shares of TransDigm Group to $436.00 and gave the company a “buy” rating in a report on Thursday, October 11th. Berenberg Bank started coverage on shares of TransDigm Group in a report on Friday, September 28th. They set a “buy” rating and a $420.00 price target for the company. JPMorgan Chase & Co. raised their price target on shares of TransDigm Group from $330.00 to $365.00 and gave the company an “underweight” rating in a report on Friday, August 10th. Robert W. Baird lowered shares of TransDigm Group from an “outperform” rating to a “neutral” rating and set a $365.00 price target for the company. in a report on Thursday, October 11th. Finally, Cowen reaffirmed a “buy” rating on shares of TransDigm Group in a report on Tuesday, August 7th. 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $378.40.
Shares of TDG stock opened at $344.16 on Friday. The firm has a market cap of $18.11 billion, a price-to-earnings ratio of 28.66, a P/E/G ratio of 1.51 and a beta of 0.89. TransDigm Group Incorporated has a 1-year low of $260.83 and a 1-year high of $377.67.
TransDigm Group (NYSE:TDG) last announced 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 company 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%. TransDigm Group’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.30 earnings per share. Sell-side analysts predict that TransDigm Group Incorporated will post 16.85 earnings per share for the current year.
In other TransDigm Group news, insider James Skulina sold 10,000 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $355.06, for a total transaction of $3,550,600.00. Following the completion of the transaction, the insider now directly owns 14,000 shares of the company’s stock, valued at approximately $4,970,840. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Raymond F. Laubenthal sold 11,900 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $350.27, for a total transaction of $4,168,213.00. Following the transaction, the director now directly owns 25,112 shares of the company’s stock, valued at $8,795,980.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,700 shares of company stock valued at $15,998,357. 10.52% of the stock is owned by company insiders.
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.
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