Aviva PLC reduced its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,743 shares of the aerospace company’s stock after selling 1,515 shares during the period. Aviva PLC owned approximately 0.08% of Transdigm Group worth $11,756,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the stock. LS Investment Advisors LLC increased its stake in shares of Transdigm Group by 0.3% in the second quarter. LS Investment Advisors LLC now owns 2,263 shares of the aerospace company’s stock worth $608,000 after buying an additional 6 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Transdigm Group by 3.3% in the first quarter. Pacer Advisors Inc. now owns 1,023 shares of the aerospace company’s stock worth $225,000 after buying an additional 33 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of Transdigm Group by 5.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,423 shares of the aerospace company’s stock worth $293,000 after buying an additional 72 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in shares of Transdigm Group by 5.2% in the first quarter. Thrivent Financial For Lutherans now owns 1,830 shares of the aerospace company’s stock worth $403,000 after buying an additional 90 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Transdigm Group by 10.5% in the first quarter. Sequoia Financial Advisors LLC now owns 1,050 shares of the aerospace company’s stock worth $231,000 after buying an additional 100 shares during the last quarter.
Shares of Transdigm Group Incorporated (TDG) opened at 270.65 on Friday. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of 30.07 and a beta of 0.56. Transdigm Group Incorporated has a 1-year low of $203.72 and a 1-year high of $295.00. The firm’s 50-day moving average is $278.77 and its 200-day moving average is $256.58.
Transdigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 8th. The aerospace company reported $3.30 EPS for the quarter, topping the consensus estimate of $2.98 by $0.32. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. The business had revenue of $907.67 million during the quarter, compared to analysts’ expectations of $903.99 million. During the same quarter last year, the firm posted $3.09 earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. On average, analysts predict that Transdigm Group Incorporated will post $12.30 earnings per share for the current fiscal year.
The firm also recently announced a special dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, September 5th will be paid a dividend of $22.00 per share. The ex-dividend date is Thursday, August 31st.
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A number of equities research analysts have weighed in on the stock. Canaccord Genuity reissued a “buy” rating and issued a $300.00 price target on shares of Transdigm Group in a report on Thursday, May 25th. Jefferies Group LLC reissued a “buy” rating and issued a $283.00 price target on shares of Transdigm Group in a report on Friday, July 14th. Zacks Investment Research downgraded shares of Transdigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Vertical Research reissued a “buy” rating and issued a $316.00 price target (up from $280.00) on shares of Transdigm Group in a report on Thursday, August 10th. Finally, Cowen and Company reissued a “market perform” rating and issued a $290.00 price target (up from $219.00) on shares of Transdigm Group in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Transdigm Group presently has a consensus rating of “Buy” and an average target price of $297.52.
In related news, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $277.56, for a total transaction of $1,665,360.00. Following the completion of the sale, the director now owns 75,701 shares of the company’s stock, valued at $21,011,569.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jorge Valladares sold 100 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $276.00, for a total value of $27,600.00. Following the sale, the insider now directly owns 9,100 shares of the company’s stock, valued at approximately $2,511,600. The disclosure for this sale can be found here. Insiders have sold 24,000 shares of company stock valued at $6,617,377 in the last ninety days. 10.52% of the stock is currently owned by 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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