Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,329 shares of the aerospace company’s stock after selling 1,001 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.20% of Transdigm Group worth $26,927,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Transdigm Group by 3.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock valued at $103,000 after buying an additional 14 shares during the period. Korea Investment CORP increased its stake in shares of Transdigm Group by 142.6% during the second quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock valued at $133,000 after buying an additional 291 shares during the period. HighTower Advisors LLC purchased a new position in shares of Transdigm Group during the second quarter valued at $201,000. Laurion Capital Management LP purchased a new position in shares of Transdigm Group during the second quarter valued at $205,000. Finally, Trexquant Investment LP purchased a new position in shares of Transdigm Group during the third quarter valued at $209,000.
Transdigm Group Incorporated (NYSE:TDG) traded down $3.06 on Wednesday, reaching $271.95. The company’s stock had a trading volume of 374,000 shares, compared to its average volume of 794,271. 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 2.45 and a quick ratio of 1.61. The stock has a market capitalization of $14,289.44, a price-to-earnings ratio of 23.09, a PEG ratio of 2.32 and a beta of 0.50.
Transdigm Group (NYSE:TDG) last posted its earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.30. Transdigm Group had a negative return on equity of 30.13% and a net margin of 12.44%. The company had revenue of $923.89 million for the quarter, compared to analyst estimates of $959.77 million. During the same quarter in the previous year, the firm earned $3.29 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. research analysts predict that Transdigm Group Incorporated will post 12.69 earnings per share for the current fiscal year.
TDG has been the topic of several research reports. Royal Bank Of Canada restated a “buy” rating and set a $316.00 price target on shares of Transdigm Group in a research note on Friday, September 1st. Zacks Investment Research upgraded Transdigm Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. SunTrust Banks restated a “buy” rating and set a $300.00 price target on shares of Transdigm Group in a research note on Monday, October 2nd. Credit Suisse Group restated an “outperform” rating and set a $320.00 price target (up previously from $301.00) on shares of Transdigm Group in a research note on Thursday, August 10th. They noted that the move was a valuation call. Finally, Deutsche Bank raised their price target on Transdigm Group from $305.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $296.87.
In other Transdigm Group news, Director Michael Graff sold 1,872 shares of Transdigm Group stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $278.92, for a total value of $522,138.24. Following the transaction, the director now owns 9,482 shares in the company, valued at $2,644,719.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raymond F. Laubenthal sold 6,000 shares of Transdigm Group stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $254.19, for a total value of $1,525,140.00. Following the completion of the transaction, the director now owns 75,701 shares in the company, valued at approximately $19,242,437.19. The disclosure for this sale can be found here. Insiders sold 98,648 shares of company stock worth $26,299,932 in the last quarter. 10.52% of the stock is owned by insiders.
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About Transdigm Group
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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