Stifel Financial Corp raised its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 20.8% during the first quarter, Holdings Channel reports. The fund owned 4,260 shares of the aerospace company’s stock after buying an additional 734 shares during the period. Stifel Financial Corp’s holdings in Transdigm Group were worth $936,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of TDG. Stockbridge Partners LLC raised its stake in Transdigm Group by 11.5% in the fourth quarter. Stockbridge Partners LLC now owns 1,697,871 shares of the aerospace company’s stock valued at $422,702,000 after buying an additional 174,673 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in Transdigm Group by 42.5% in the first quarter. Wedge Capital Management L L P NC now owns 803,305 shares of the aerospace company’s stock valued at $176,856,000 after buying an additional 239,472 shares during the last quarter. Capital Guardian Trust Co. raised its stake in Transdigm Group by 7.1% in the fourth quarter. Capital Guardian Trust Co. now owns 439,651 shares of the aerospace company’s stock valued at $109,456,000 after buying an additional 29,200 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Transdigm Group during the fourth quarter valued at about $96,924,000. Finally, Wells Fargo & Company MN raised its stake in Transdigm Group by 12.9% in the first quarter. Wells Fargo & Company MN now owns 345,491 shares of the aerospace company’s stock valued at $76,063,000 after buying an additional 39,499 shares during the last quarter.
Transdigm Group Incorporated (TDG) opened at 267.95 on Thursday. The firm’s 50 day moving average is $260.12 and its 200-day moving average is $245.60. The company has a market cap of $13.94 billion, a P/E ratio of 30.41 and a beta of 0.59. Transdigm Group Incorporated has a 52 week low of $203.72 and a 52 week high of $294.38.
Transdigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, May 9th. The aerospace company reported $3.02 EPS for the quarter, topping the consensus estimate of $2.85 by $0.17. The firm had revenue of $873.23 million during the quarter, compared to analyst estimates of $894.37 million. Transdigm Group had a net margin of 14.10% and a negative return on equity of 47.38%. Transdigm Group’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.86 EPS. On average, analysts predict that Transdigm Group Incorporated will post $12.28 earnings per share for the current fiscal year.
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A number of analysts have recently weighed in on TDG shares. Canaccord Genuity reiterated a “buy” rating and set a $300.00 target price on shares of Transdigm Group in a report on Wednesday, March 22nd. Royal Bank Of Canada reiterated a “buy” rating on shares of Transdigm Group in a report on Tuesday, March 14th. Zacks Investment Research lowered shares of Transdigm Group from a “buy” rating to a “hold” rating in a report on Monday, June 5th. Deutsche Bank AG reiterated a “neutral” rating on shares of Transdigm Group in a report on Friday, April 14th. Finally, Stephens started coverage on shares of Transdigm Group in a report on Thursday, April 13th. They set an “equal weight” rating and a $233.00 target price for the company. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $283.49.
In related news, insider Jorge Valladares sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $265.53, for a total transaction of $1,593,180.00. Following the completion of the transaction, the insider now owns 15,000 shares in the company, valued at approximately $3,982,950. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.
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