LS Investment Advisors LLC Lowers Stake in TransDigm Group Incorporated (TDG)
LS Investment Advisors LLC reduced its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,610 shares of the aerospace company’s stock after selling 39 shares during the quarter. LS Investment Advisors LLC’s holdings in TransDigm Group were worth $547,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of TDG. FMR LLC boosted its position in shares of TransDigm Group by 36.4% during the 2nd quarter. FMR LLC now owns 1,413,320 shares of the aerospace company’s stock valued at $487,794,000 after acquiring an additional 376,984 shares during the last quarter. Bank of Montreal Can raised its holdings in TransDigm Group by 49.1% during the 3rd quarter. Bank of Montreal Can now owns 27,560 shares of the aerospace company’s stock valued at $10,261,000 after buying an additional 9,079 shares during the period. Cookson Peirce & Co. Inc. raised its holdings in TransDigm Group by 10.9% during the 3rd quarter. Cookson Peirce & Co. Inc. now owns 57,761 shares of the aerospace company’s stock valued at $21,504,000 after buying an additional 5,671 shares during the period. First Hawaiian Bank purchased a new stake in TransDigm Group during the 3rd quarter valued at $117,000. Finally, Andra AP fonden raised its holdings in TransDigm Group by 24.7% during the 3rd quarter. Andra AP fonden now owns 12,100 shares of the aerospace company’s stock valued at $4,505,000 after buying an additional 2,400 shares during the period.
In other news, CEO W Nicholas Howley sold 17,083 shares of the stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $418.55, for a total transaction of $7,150,089.65. Following the transaction, the chief executive officer now owns 43,818 shares of the company’s stock, valued at approximately $18,340,023.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sarah Wynne sold 3,000 shares of the stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $420.03, for a total value of $1,260,090.00. Following the transaction, the insider now directly owns 3,100 shares in the company, valued at approximately $1,302,093. The disclosure for this sale can be found here. Company insiders own 11.00% of the company’s stock.
TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, February 5th. The aerospace company reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.66. TransDigm Group had a negative return on equity of 43.35% and a net margin of 20.57%. The business had revenue of $993.30 million for the quarter, compared to analyst estimates of $957.66 million. During the same quarter last year, the firm posted $2.65 earnings per share. The business’s revenue was up 17.1% compared to the same quarter last year. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 16.1 EPS for the current year.
Several analysts recently weighed in on the company. Jefferies Financial Group restated a “hold” rating and set a $355.00 price target on shares of TransDigm Group in a report on Tuesday, January 8th. Canaccord Genuity increased their price target on TransDigm Group from $400.00 to $460.00 and gave the company a “buy” rating in a report on Wednesday, February 6th. Zacks Investment Research lowered TransDigm Group from a “hold” rating to a “sell” rating in a report on Friday. Credit Suisse Group increased their price target on TransDigm Group from $405.00 to $476.00 and gave the company an “outperform” rating in a report on Wednesday, February 6th. Finally, SunTrust Banks increased their target price on TransDigm Group to $452.00 and gave the stock a “buy” rating in a research note on Wednesday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $400.00.
TransDigm Group Profile
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. The 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.
Further Reading: Price-Sales Ratio
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