Private Advisor Group LLC acquired a new stake in TransDigm Group Incorporated (NYSE:TDG) during the 2nd quarter, HoldingsChannel reports. The fund acquired 1,436 shares of the aerospace company’s stock, valued at approximately $492,000.
Other hedge funds have also added to or reduced their stakes in the company. Montag A & Associates Inc. bought a new position in TransDigm Group in the 1st quarter valued at approximately $2,444,000. Sumitomo Life Insurance Co. raised its stake 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 buying an additional 275 shares during the last quarter. WMS Partners LLC purchased a new stake in TransDigm Group during the 2nd quarter valued at $217,000. Smithfield Trust Co. raised its stake 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 buying an additional 280 shares during the last quarter. Finally, Virginia Retirement Systems ET AL raised its stake in TransDigm Group by 308.7% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 9,400 shares of the aerospace company’s stock valued at $3,244,000 after buying an additional 7,100 shares during the last quarter.
In other TransDigm Group news, Director Raymond F. Laubenthal sold 11,900 shares of the stock in a transaction on Friday, June 15th. The stock was sold at an average price of $341.28, for a total value of $4,061,232.00. Following the completion of the sale, the director now owns 25,112 shares in the company, valued at approximately $8,570,223.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James Skulina sold 10,000 shares of the stock in a transaction on Monday, June 11th. The stock was sold at an average price of $342.53, for a total value of $3,425,300.00. Following the completion of the sale, the insider now owns 14,000 shares of the company’s stock, valued at approximately $4,795,420. The disclosure for this sale can be found here. Insiders sold a total of 50,700 shares of company stock valued at $17,647,159 over the last 90 days. 10.52% of the stock is currently owned by company insiders.
NYSE:TDG opened at $351.71 on Thursday. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of -5.96. The firm has a market capitalization of $18.42 billion, a PE ratio of 26.14, a P/E/G ratio of 1.82 and a beta of 0.76. TransDigm Group Incorporated has a one year low of $249.57 and a one 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 EPS for the quarter, missing the consensus estimate of $4.07 by ($0.06). The company had revenue of $980.70 million during the quarter, compared to analysts’ expectations of $995.06 million. TransDigm Group had a negative return on equity of 29.79% and a net margin of 20.68%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the company earned $3.30 earnings per share. sell-side analysts expect that TransDigm Group Incorporated will post 16.85 EPS for the current fiscal year.
A number of equities research analysts have weighed in on TDG shares. Credit Suisse Group boosted their target price on shares of TransDigm Group from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, June 29th. Zacks Investment Research lowered shares of TransDigm Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Canaccord Genuity boosted their target price on shares of TransDigm Group from $350.00 to $375.00 and gave the company a “positive” rating in a research note on Friday, June 29th. Jefferies Financial Group reiterated a “hold” rating and set a $375.00 target price on shares of TransDigm Group in a research note on Tuesday, August 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of TransDigm Group from $330.00 to $365.00 and gave the company an “underweight” rating in a research note on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. TransDigm Group currently has an average rating of “Buy” and an average target price of $365.00.
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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