Swiss National Bank trimmed its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,555 shares of the aerospace company’s stock after selling 6,500 shares during the period. Swiss National Bank owned about 0.28% of TransDigm Group worth $84,871,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TDG. Marshall Wace LLP bought a new stake in TransDigm Group in the 1st quarter valued at about $47,000. BlackRock Inc. increased its position in shares of TransDigm Group by 3.6% during the second quarter. BlackRock Inc. now owns 3,697,541 shares of the aerospace company’s stock valued at $1,788,870,000 after buying an additional 127,743 shares during the period. Wealthfront Advisers LLC increased its position in shares of TransDigm Group by 2.4% during the third quarter. Wealthfront Advisers LLC now owns 2,323 shares of the aerospace company’s stock valued at $1,210,000 after buying an additional 54 shares during the period. DNB Asset Management AS bought a new stake in shares of TransDigm Group during the third quarter valued at about $5,733,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of TransDigm Group by 17.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,977 shares of the aerospace company’s stock valued at $1,550,000 after buying an additional 437 shares during the period. Institutional investors own 98.70% of the company’s stock.
Shares of NYSE TDG traded down $8.00 during midday trading on Friday, hitting $647.67. 10,247 shares of the company’s stock were exchanged, compared to its average volume of 362,962. TransDigm Group Incorporated has a 12-month low of $421.98 and a 12-month high of $673.51. The company has a market cap of $34.52 billion, a price-to-earnings ratio of 50.56, a PEG ratio of 2.55 and a beta of 0.97. The business’s fifty day moving average price is $618.87 and its two-hundred day moving average price is $557.09.
TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, February 4th. The aerospace company reported $4.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.13 by $0.80. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. TransDigm Group had a negative return on equity of 45.77% and a net margin of 13.87%. TransDigm Group’s revenue for the quarter was up 47.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.85 earnings per share. On average, equities research analysts forecast that TransDigm Group Incorporated will post 19.9 earnings per share for the current year.
Several equities research analysts have recently weighed in on the company. Bank of America reiterated a “buy” rating and set a $637.00 price target (down from $670.00) on shares of TransDigm Group in a research report on Tuesday, December 31st. Cowen reissued a “buy” rating and set a $655.00 price objective on shares of TransDigm Group in a report on Tuesday, February 4th. Credit Suisse Group boosted their price objective on TransDigm Group from $589.13 to $693.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. UBS Group boosted their price objective on TransDigm Group from $645.00 to $685.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Robert W. Baird boosted their price objective on TransDigm Group from $610.00 to $620.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $617.54.
In other news, insider Halle Fine Terrion acquired 523 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average price of $571.03 per share, for a total transaction of $298,648.69. Following the completion of the acquisition, the insider now owns 878 shares in the company, valued at $501,364.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin M. Stein sold 9,900 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $572.93, for a total value of $5,672,007.00. Following the completion of the transaction, the chief executive officer now owns 11,247 shares of the company’s stock, valued at approximately $6,443,743.71. The disclosure for this sale can be found here. Insiders sold 96,150 shares of company stock valued at $57,613,025 in the last quarter. Corporate insiders own 11.00% of the company’s stock.
TransDigm Group Company 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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