Guggenheim Capital LLC lowered its stake in TransDigm Group Incorporated (NYSE:TDG) by 6.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 204,978 shares of the aerospace company’s stock after selling 14,309 shares during the quarter. Guggenheim Capital LLC’s holdings in TransDigm Group were worth $56,292,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of TransDigm Group by 43.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519 shares of the aerospace company’s stock worth $142,000 after buying an additional 158 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of TransDigm Group by 540.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 538 shares of the aerospace company’s stock worth $148,000 after buying an additional 454 shares during the last quarter. Neville Rodie & Shaw Inc. purchased a new stake in shares of TransDigm Group in the 4th quarter worth approximately $205,000. Alps Advisors Inc. purchased a new stake in shares of TransDigm Group in the 4th quarter worth approximately $205,000. Finally, Trexquant Investment LP purchased a new stake in shares of TransDigm Group in the 3rd quarter worth approximately $209,000.
TDG has been the topic of several recent research reports. Zacks Investment Research upgraded TransDigm Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Royal Bank of Canada set a $346.00 price target on TransDigm Group and gave the stock a “buy” rating in a research note on Thursday, November 16th. Jefferies Group reaffirmed a “hold” rating and issued a $285.00 price objective on shares of TransDigm Group in a research report on Monday, January 8th. Stephens raised TransDigm Group to a “hold” rating in a research report on Thursday, February 22nd. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $330.00 price objective on shares of TransDigm Group in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $314.81.
TransDigm Group Incorporated (NYSE TDG) opened at $295.12 on Thursday. The stock has a market capitalization of $15,111.35, a P/E ratio of 24.35, a P/E/G ratio of 1.48 and a beta of 0.85. TransDigm Group Incorporated has a 12-month low of $203.72 and a 12-month high of $321.38. The company has a debt-to-equity ratio of -4.38, a current ratio of 2.76 and a quick ratio of 1.86.
TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.21). The firm had revenue of $847.96 million for the quarter, compared to the consensus estimate of $860.12 million. TransDigm Group had a net margin of 18.95% and a negative return on equity of 27.70%. TransDigm Group’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.57 earnings per share. equities analysts anticipate that TransDigm Group Incorporated will post 16.69 earnings per share for the current fiscal year.
In other news, EVP Roger Jones sold 5,000 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $294.50, for a total transaction of $1,472,500.00. Following the transaction, the executive vice president now directly owns 9,000 shares of the company’s stock, valued at approximately $2,650,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Kevin M. Stein purchased 1,347 shares of the stock in a transaction dated Thursday, February 22nd. The shares were purchased at an average cost of $296.79 per share, for a total transaction of $399,776.13. Following the completion of the acquisition, the chief operating officer now directly owns 1,347 shares in the company, valued at $399,776.13. The disclosure for this purchase can be found here. Insiders have sold a total of 45,244 shares of company stock worth $13,178,555 over the last three months. Insiders own 10.52% of the company’s stock.
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TransDigm Group Company 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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