Piedmont Investment Advisors LLC Takes Position in TransDigm Group Incorporated (TDG)
Piedmont Investment Advisors LLC bought a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 551 shares of the aerospace company’s stock, valued at approximately $190,000.
A number of other institutional investors and hedge funds have also modified their holdings of TDG. Smithfield Trust Co. raised its stake in TransDigm Group by 800.0% during the 2nd quarter. Smithfield Trust Co. now owns 315 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 280 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in TransDigm Group by 45.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 646 shares of the aerospace company’s stock valued at $177,000 after purchasing an additional 202 shares during the period. Fort Washington Investment Advisors Inc. OH bought a new stake in TransDigm Group during the 2nd quarter valued at approximately $224,000. Gilbert & Cook Inc. bought a new stake in TransDigm Group during the 2nd quarter valued at approximately $240,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in TransDigm Group during the 1st quarter valued at approximately $246,000.
Several equities analysts have weighed in on TDG shares. Credit Suisse Group raised their price target on TransDigm Group from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Friday, June 29th. Zacks Investment Research cut TransDigm Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 3rd. SunTrust Banks raised their price target on TransDigm Group to $335.00 and gave the company a “buy” rating in a report on Monday, April 16th. Canaccord Genuity raised their price target on TransDigm Group from $350.00 to $375.00 and gave the company a “positive” rating in a report on Friday, June 29th. Finally, ValuEngine upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $360.00.
TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 7th. The aerospace company reported $4.01 earnings per share for the quarter, missing the consensus estimate of $4.07 by ($0.06). The firm had revenue of $980.70 million for the quarter, compared to analysts’ expectations of $995.06 million. TransDigm Group had a net margin of 20.68% and a negative return on equity of 29.79%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.30 EPS. research analysts forecast that TransDigm Group Incorporated will post 16.94 EPS for the current fiscal year.
In other news, Director Raymond F. Laubenthal sold 11,900 shares of TransDigm Group stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $361.06, for a total value of $4,296,614.00. Following the completion of the transaction, the director now owns 25,112 shares in the company, valued at approximately $9,066,938.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Roger Jones sold 5,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $323.78, for a total value of $1,618,900.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,700 shares of company stock valued at $18,975,104. Company insiders own 10.52% of the company’s stock.
TransDigm Group Company Profile
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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