Public Employees Retirement Association of Colorado trimmed its holdings in TransDigm Group Incorporated (NYSE:TDG) by 5.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,787 shares of the aerospace company’s stock after selling 414 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in TransDigm Group were worth $3,284,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the business. Meridian Wealth Management LLC raised its position in shares of TransDigm Group by 22.0% in the second quarter. Meridian Wealth Management LLC now owns 444 shares of the aerospace company’s stock worth $215,000 after acquiring an additional 80 shares during the period. Pennant Investors LP raised its position in shares of TransDigm Group by 5.0% in the first quarter. Pennant Investors LP now owns 42,300 shares of the aerospace company’s stock worth $19,204,000 after acquiring an additional 2,000 shares during the period. Rational Advisors LLC raised its position in shares of TransDigm Group by 206.0% in the first quarter. Rational Advisors LLC now owns 3,400 shares of the aerospace company’s stock worth $1,544,000 after acquiring an additional 2,289 shares during the period. Creative Planning raised its position in shares of TransDigm Group by 48.7% in the second quarter. Creative Planning now owns 2,845 shares of the aerospace company’s stock worth $1,376,000 after acquiring an additional 932 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of TransDigm Group in the first quarter worth about $583,000. 98.92% of the stock is currently owned by institutional investors.
TDG has been the subject of a number of analyst reports. SunTrust Banks upped their price objective on shares of TransDigm Group to $560.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Credit Suisse Group upped their price objective on shares of TransDigm Group from $539.00 to $617.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Berenberg Bank set a $540.00 price target on shares of TransDigm Group and gave the stock a “buy” rating in a research report on Thursday, June 13th. Morgan Stanley upped their price target on shares of TransDigm Group from $520.00 to $570.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Canaccord Genuity restated a “buy” rating and set a $520.00 price target (up previously from $460.00) on shares of TransDigm Group in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $540.42.
TDG stock opened at $530.10 on Friday. The company has a market cap of $27.53 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 2.58 and a beta of 1.06. TransDigm Group Incorporated has a 12 month low of $307.36 and a 12 month high of $555.27. The firm has a 50-day moving average of $499.56 and a two-hundred day moving average of $465.11.
TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $4.95 EPS for the quarter, beating the Zacks’ consensus estimate of $4.01 by $0.94. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.58 billion. TransDigm Group had a net margin of 15.26% and a negative return on equity of 59.21%. TransDigm Group’s quarterly revenue was up 69.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.59 EPS. As a group, analysts anticipate that TransDigm Group Incorporated will post 16.92 earnings per share for the current year.
The firm also recently disclosed a dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 16th will be issued a $30.00 dividend. The ex-dividend date of this dividend is Thursday, August 15th.
In other TransDigm Group news, VP Robert S. Henderson sold 10,000 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $467.38, for a total value of $4,673,800.00. Following the completion of the sale, the vice president now owns 35,000 shares in the company, valued at approximately $16,358,300. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman W Nicholas Howley sold 17,083 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $475.09, for a total transaction of $8,115,962.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,249 shares of company stock valued at $30,352,966. 11.00% of the stock is owned by insiders.
TransDigm Group Profile
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. The 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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