State Treasurer State of Michigan decreased its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,104 shares of the aerospace company’s stock after selling 200 shares during the period. State Treasurer State of Michigan’s holdings in Transdigm Group were worth $4,330,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of TDG. Gateway Investment Advisers LLC raised its position in Transdigm Group by 2.9% in the first quarter. Gateway Investment Advisers LLC now owns 54,688 shares of the aerospace company’s stock valued at $12,040,000 after buying an additional 1,520 shares during the period. Fox Run Management L.L.C. acquired a new position in Transdigm Group during the first quarter valued at $616,000. National Pension Service raised its position in Transdigm Group by 9.8% in the first quarter. National Pension Service now owns 51,168 shares of the aerospace company’s stock valued at $11,258,000 after buying an additional 4,550 shares during the period. Gulf International Bank UK Ltd raised its position in Transdigm Group by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 16,109 shares of the aerospace company’s stock valued at $3,546,000 after buying an additional 250 shares during the period. Finally, Douglass Winthrop Advisors LLC raised its position in Transdigm Group by 21.1% in the first quarter. Douglass Winthrop Advisors LLC now owns 118,713 shares of the aerospace company’s stock valued at $26,136,000 after buying an additional 20,650 shares during the period.
Shares of Transdigm Group Incorporated (TDG) opened at 287.01 on Tuesday. The stock has a market capitalization of $14.93 billion, a price-to-earnings ratio of 32.57 and a beta of 0.55. Transdigm Group Incorporated has a 1-year low of $203.72 and a 1-year high of $294.38. The firm’s 50-day moving average is $271.93 and its 200-day moving average is $249.45.
Transdigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, May 9th. The aerospace company reported $3.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.85 by $0.17. Transdigm Group had a negative return on equity of 47.38% and a net margin of 14.10%. The business had revenue of $873.23 million for the quarter, compared to analysts’ expectations of $894.37 million. During the same quarter in the previous year, the business posted $2.86 EPS. Transdigm Group’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts predict that Transdigm Group Incorporated will post $12.29 earnings per share for the current fiscal year.
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Several research firms have recently weighed in on TDG. Wolfe Research lowered shares of Transdigm Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 20th. Jefferies Group LLC restated a “buy” rating and set a $283.00 price objective on shares of Transdigm Group in a research report on Friday, July 14th. Morgan Stanley restated an “equal weight” rating and set a $281.00 price objective (up previously from $245.00) on shares of Transdigm Group in a research report on Thursday, July 13th. Zacks Investment Research lowered shares of Transdigm Group from a “buy” rating to a “hold” rating and set a $308.00 price objective for the company. in a research report on Thursday, July 13th. Finally, Robert W. Baird restated an “outperform” rating and set a $300.00 price objective (up previously from $262.00) on shares of Transdigm Group in a research report on Tuesday, June 6th. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Transdigm Group currently has an average rating of “Buy” and a consensus target price of $285.43.
In other news, insider Jorge Valladares sold 100 shares of Transdigm Group stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $276.00, for a total transaction of $27,600.00. Following the transaction, the insider now owns 9,100 shares in the company, valued at approximately $2,511,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raymond F. Laubenthal sold 6,000 shares of Transdigm Group stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $281.81, for a total value of $1,690,860.00. Following the transaction, the director now owns 75,701 shares in the company, valued at approximately $21,333,298.81. The disclosure for this sale can be found here. Insiders have sold a total of 18,000 shares of company stock worth $4,952,017 in the last quarter. 10.52% of the stock is currently owned by company insiders.
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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