Icon Advisers Inc. Co. decreased its holdings in shares of Transdigm Group Incorporated (NYSE:TDG) by 60.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,000 shares of the aerospace company’s stock after selling 1,500 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Transdigm Group were worth $269,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in 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 purchasing an additional 14 shares in the last quarter. Korea Investment CORP raised its stake in 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 purchasing an additional 291 shares in the last quarter. Vantage Financial Partners Ltd. Inc. purchased a new stake in Transdigm Group during the second quarter valued at $538,000. Neville Rodie & Shaw Inc. purchased a new stake in Transdigm Group during the second quarter valued at $200,000. Finally, Plancorp LLC purchased a new stake in Transdigm Group during the second quarter valued at $213,000.
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A number of equities research analysts recently issued reports on TDG shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $316.00 price target on shares of Transdigm Group in a research note on Friday, September 1st. Credit Suisse Group reaffirmed 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. Zacks Investment Research downgraded shares of Transdigm Group from a “buy” rating to a “hold” rating and set a $308.00 price target on the stock. in a research note on Thursday, July 13th. Deutsche Bank AG upped their price target on shares of Transdigm Group from $305.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $300.00 price target (up previously from $262.00) on shares of Transdigm Group in a research note on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $297.52.
Transdigm Group Incorporated (TDG) opened at 265.20 on Wednesday. The company has a 50-day moving average of $269.22 and a 200 day moving average of $257.59. The stock has a market cap of $13.77 billion, a P/E ratio of 29.47 and a beta of 0.54. Transdigm Group Incorporated has a 1-year low of $203.72 and a 1-year high of $295.00.
Transdigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.32. The firm had revenue of $907.67 million for the quarter, compared to analysts’ expectations of $903.99 million. Transdigm Group had a net margin of 14.47% and a negative return on equity of 40.12%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.09 EPS. Analysts predict that Transdigm Group Incorporated will post $12.30 EPS for the current year.
The business also recently disclosed a special dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, September 5th were issued a $22.00 dividend. The ex-dividend date was Thursday, August 31st.
In related news, insider Jorge Valladares sold 100 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were 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 in the company, valued at approximately $2,511,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Raymond F. Laubenthal sold 6,000 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $281.81, for a total transaction of $1,690,860.00. Following the completion of the sale, the director now owns 75,701 shares in the company, valued at $21,333,298.81. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,000 shares of company stock worth $6,549,337. 10.52% of the stock is 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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