Swiss National Bank reduced its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,400 shares of the aerospace company’s stock after selling 800 shares during the quarter. Swiss National Bank owned about 369,857.75% of Transdigm Group worth $49,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Transdigm Group by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,824,369 shares of the aerospace company’s stock valued at $1,297,129,000 after buying an additional 76,897 shares in the last quarter. Tiger Global Management LLC grew its holdings in Transdigm Group by 57.4% during the 2nd quarter. Tiger Global Management LLC now owns 4,000,000 shares of the aerospace company’s stock valued at $1,075,480,000 after buying an additional 1,459,272 shares in the last quarter. BlackRock Inc. grew its holdings in Transdigm Group by 0.9% during the 2nd quarter. BlackRock Inc. now owns 3,992,584 shares of the aerospace company’s stock valued at $1,073,487,000 after buying an additional 37,025 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Transdigm Group by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,677,120 shares of the aerospace company’s stock valued at $684,405,000 after buying an additional 35,010 shares in the last quarter. Finally, Capital International Investors grew its holdings in Transdigm Group by 51.8% during the 2nd quarter. Capital International Investors now owns 1,332,593 shares of the aerospace company’s stock valued at $358,294,000 after buying an additional 454,568 shares in the last quarter.
A number of equities research analysts have issued reports on TDG shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $316.00 price objective on shares of Transdigm Group in a report on Friday, September 1st. Zacks Investment Research lowered shares of Transdigm Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Cowen and Company reissued a “hold” rating and issued a $290.00 target price on shares of Transdigm Group in a report on Thursday, October 19th. Wolfe Research lowered shares of Transdigm Group from an “outperform” rating to a “market perform” rating in a report on Thursday, July 20th. Finally, Jefferies Group LLC lowered shares of Transdigm Group from a “buy” rating to a “hold” rating and cut their target price for the company from $322.00 to $280.00 in a report on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Transdigm Group has a consensus rating of “Buy” and an average target price of $295.11.
Shares of Transdigm Group Incorporated (NYSE TDG) opened at $268.02 on Wednesday. The stock has a market capitalization of $13,613.44, a price-to-earnings ratio of 22.00, a P/E/G ratio of 2.16 and a beta of 0.50. Transdigm Group Incorporated has a 52-week low of $203.72 and a 52-week high of $295.00. The company has a debt-to-equity ratio of -3.86, a current ratio of 2.36 and a quick ratio of 1.51.
Transdigm Group (NYSE:TDG) last issued its quarterly earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.30. The company had revenue of $923.89 million during the quarter, compared to the consensus estimate of $959.77 million. Transdigm Group had a negative return on equity of 30.13% and a net margin of 12.44%. Transdigm Group’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the company earned $3.29 earnings per share. analysts anticipate that Transdigm Group Incorporated will post 12.76 EPS for the current year.
In other news, Director Raymond F. Laubenthal sold 6,000 shares of Transdigm Group stock in a transaction on Monday, October 16th. The stock was sold at an average price of $263.78, for a total transaction of $1,582,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert S. Henderson sold 15,000 shares of Transdigm Group stock in a transaction on Monday, October 16th. The stock was sold at an average price of $263.74, for a total value of $3,956,100.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,000 shares of company stock valued at $7,063,920. 10.52% of the stock is owned by corporate insiders.
Transdigm Group Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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