Transdigm Group Incorporated $TDG Position Cut by Third View Private Wealth LLC

Third View Private Wealth LLC lowered its holdings in Transdigm Group Incorporated (NYSE:TDG) by 25.7% in the third quarter, Holdings Channel.com reports. The fund owned 1,906 shares of the aerospace company’s stock after selling 658 shares during the quarter. Third View Private Wealth LLC’s holdings in Transdigm Group were worth $2,063,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Transdigm Group in the 2nd quarter valued at about $6,489,039,000. State Street Corp lifted its stake in shares of Transdigm Group by 1.7% in the second quarter. State Street Corp now owns 2,559,096 shares of the aerospace company’s stock valued at $3,408,818,000 after purchasing an additional 42,490 shares during the period. Soroban Capital Partners LP lifted its stake in shares of Transdigm Group by 14.5% in the first quarter. Soroban Capital Partners LP now owns 856,197 shares of the aerospace company’s stock valued at $992,298,000 after purchasing an additional 108,227 shares during the period. Stockbridge Partners LLC purchased a new stake in Transdigm Group during the second quarter worth about $578,480,000. Finally, Primecap Management Co. CA purchased a new stake in Transdigm Group during the second quarter worth about $546,425,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Transdigm Group

In related news, Director W. Howley sold 10,132 shares of Transdigm Group stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $1,236.28, for a total transaction of $12,525,988.96. Following the completion of the transaction, the director directly owned 21,548 shares in the company, valued at $26,639,361.44. The trade was a 31.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 4,100 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $1,128.04, for a total value of $4,624,964.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,060,944. The trade was a 53.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 22,032 shares of company stock worth $26,250,979 over the last quarter. Company insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on TDG. The Goldman Sachs Group lowered their target price on shares of Transdigm Group from $1,972.00 to $1,745.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Guggenheim initiated coverage on shares of Transdigm Group in a research report on Tuesday, September 15th. They set a “neutral” rating for the company. Wells Fargo & Company decreased their price target on Transdigm Group from $1,450.00 to $1,210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 30th. Stifel Nicolaus cut Transdigm Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $1,525.00 to $1,405.00 in a report on Wednesday, August 5th. Finally, BMO Capital Markets dropped their price objective on Transdigm Group from $1,525.00 to $1,400.00 and set an “outperform” rating for the company in a research note on Monday, September 28th. Five research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Transdigm Group currently has a consensus rating of “Hold” and an average target price of $1,428.40.

Transdigm Group Trading Down 0.6%

NYSE:TDG opened at $1,206.02 on Wednesday. The firm has a 50-day moving average price of $1,129.59 and a two-hundred day moving average price of $1,226.80. Transdigm Group Incorporated has a twelve month low of $1,071.25 and a twelve month high of $1,463.03. The company has a market capitalization of $67.45 billion, a P/E ratio of 36.59, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98.

Transdigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.30 by $0.57. Transdigm Group had a net margin of 19.69% and a negative return on equity of 23.65%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter in the previous year, the business posted $9.60 earnings per share. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. On average, equities research analysts predict that Transdigm Group Incorporated will post 38.81 earnings per share for the current year.

Transdigm Group Company Profile

TransDigm Group Incorporated (NYSE: TDG) is a global aerospace manufacturing company that designs, produces and supplies aircraft components, systems and related products. Its portfolio includes mechanical and electrical systems, cockpit and cabin products, airframe components, power and control systems, engine components, and other specialized equipment used in commercial, business and general aviation, and military aircraft.

The company serves aircraft manufacturers, airlines, aircraft operators, maintenance providers and defense customers.