Airain ltd cut its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 89.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,886 shares of the aerospace company’s stock after selling 48,946 shares during the period. Airain ltd’s holdings in Transdigm Group were worth $1,583,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of TDG. Daiwa Securities Group Inc. raised its position in Transdigm Group by 10.7% in the first quarter. Daiwa Securities Group Inc. now owns 1,550 shares of the aerospace company’s stock worth $341,000 after buying an additional 150 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Transdigm Group by 78.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,586 shares of the aerospace company’s stock worth $1,264,000 after buying an additional 2,453 shares during the last quarter. Flinton Capital Management LLC raised its position in Transdigm Group by 37.7% in the first quarter. Flinton Capital Management LLC now owns 1,168 shares of the aerospace company’s stock worth $257,000 after buying an additional 320 shares during the last quarter. American Century Companies Inc. raised its position in Transdigm Group by 3.7% in the first quarter. American Century Companies Inc. now owns 3,439 shares of the aerospace company’s stock worth $757,000 after buying an additional 122 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in Transdigm Group by 6.6% in the first quarter. Advisors Asset Management Inc. now owns 19,029 shares of the aerospace company’s stock worth $4,189,000 after buying an additional 1,176 shares during the last quarter.

Transdigm Group Incorporated (TDG) opened at 260.66 on Friday. The company’s 50-day moving average price is $278.78 and its 200 day moving average price is $257.19. Transdigm Group Incorporated has a 52-week low of $203.72 and a 52-week high of $295.00. The stock has a market capitalization of $13.53 billion, a P/E ratio of 28.96 and a beta of 0.56.

Transdigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 8th. The aerospace company reported $3.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.32. The business had revenue of $907.67 million during the quarter, compared to analysts’ expectations of $903.99 million. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. Transdigm Group’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.09 earnings per share. On average, equities research analysts anticipate that Transdigm Group Incorporated will post $12.30 earnings per share for the current year.

The company also recently disclosed a special dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, September 5th will be given a dividend of $22.00 per share. The ex-dividend date of this dividend is Thursday, August 31st.

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A number of brokerages recently weighed in on TDG. Cowen and Company reaffirmed a “market perform” rating and set a $290.00 price objective (up previously from $219.00) on shares of Transdigm Group in a report on Thursday, August 10th. Vertical Research reaffirmed a “buy” rating and set a $316.00 price objective (up previously from $280.00) on shares of Transdigm Group in a report on Thursday, August 10th. Jefferies Group LLC upped their price objective on Transdigm Group from $283.00 to $322.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Canaccord Genuity reaffirmed a “buy” rating and set a $330.00 price objective (up previously from $300.00) on shares of Transdigm Group in a report on Wednesday, August 9th. Finally, Deutsche Bank AG upped their price objective on Transdigm Group from $305.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $297.52.

In related news, insider Jorge Valladares sold 6,000 shares of Transdigm Group stock in a transaction on Monday, June 12th. The stock was sold at an average price of $265.53, for a total transaction of $1,593,180.00. Following the completion of the sale, the insider now owns 15,000 shares of the company’s stock, valued at $3,982,950. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders have sold 24,000 shares of company stock valued at $6,617,377. Insiders own 10.52% of the company’s stock.

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.

Institutional Ownership by Quarter for Transdigm Group (NYSE:TDG)

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