Transdigm Group Incorporated (TDG) Shares Bought by Stephens Inc. AR
Stephens Inc. AR lifted its holdings in shares of Transdigm Group Incorporated (NYSE:TDG) by 16.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,708 shares of the aerospace company’s stock after acquiring an additional 1,643 shares during the period. Stephens Inc. AR’s holdings in Transdigm Group were worth $3,148,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of TDG. Valinor Management L.P. purchased a new stake in shares of Transdigm Group during the first quarter worth about $113,220,000. TimesSquare Capital Management LLC grew its stake in shares of Transdigm Group by 146.8% during the first quarter. TimesSquare Capital Management LLC now owns 661,625 shares of the aerospace company’s stock worth $145,663,000 after acquiring an additional 393,525 shares during the last quarter. Morgan Stanley grew its stake in shares of Transdigm Group by 37.7% during the first quarter. Morgan Stanley now owns 1,408,740 shares of the aerospace company’s stock worth $310,149,000 after acquiring an additional 385,775 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Transdigm Group by 16.0% during the first quarter. Principal Financial Group Inc. now owns 2,651,540 shares of the aerospace company’s stock worth $583,763,000 after acquiring an additional 366,443 shares during the last quarter. Finally, Blue Ridge Capital L.L.C. grew its stake in shares of Transdigm Group by 18.1% during the first quarter. Blue Ridge Capital L.L.C. now owns 1,390,400 shares of the aerospace company’s stock worth $306,110,000 after acquiring an additional 212,800 shares during the last quarter.
In related news, Director Raymond F. Laubenthal sold 6,000 shares of Transdigm Group stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $281.81, for a total value of $1,690,860.00. Following the sale, the director now directly owns 75,701 shares in the company, valued at $21,333,298.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jorge Valladares sold 5,900 shares of Transdigm Group stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $278.03, for a total value of $1,640,377.00. Following the completion of the sale, the insider now owns 14,900 shares in the company, valued at $4,142,647. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,000 shares of company stock worth $5,024,197. Company insiders own 10.52% of the company’s stock.
A number of equities research analysts have recently weighed in on TDG shares. BidaskClub lowered Transdigm Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Canaccord Genuity restated a “buy” rating and set a $300.00 price target on shares of Transdigm Group in a research note on Thursday, May 25th. Royal Bank Of Canada restated a “buy” rating and set a $316.00 price target on shares of Transdigm Group in a research note on Friday, May 19th. Jefferies Group LLC restated a “buy” rating on shares of Transdigm Group in a research note on Tuesday, June 6th. Finally, Zacks Investment Research upgraded Transdigm Group from a “hold” rating to a “buy” rating and set a $303.00 price target on the stock in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $297.52.
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Shares of Transdigm Group Incorporated (NYSE TDG) traded down 0.38% on Wednesday, hitting $253.22. The stock had a trading volume of 18,941 shares. The firm’s 50-day moving average is $273.81 and its 200-day moving average is $257.32. Transdigm Group Incorporated has a one year low of $203.72 and a one year high of $295.00. The company has a market cap of $13.14 billion, a price-to-earnings ratio of 28.14 and a beta of 0.54.
Transdigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $907.67 million for the quarter, compared to the consensus estimate of $903.99 million. During the same period in the previous year, the business earned $3.09 earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, analysts expect that Transdigm Group Incorporated will post $12.30 EPS for the current fiscal year.
The firm also recently declared a special dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, September 5th were paid a $22.00 dividend. The ex-dividend date was Thursday, August 31st.
Transdigm Group 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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