Federated Investors Inc. PA boosted its stake in TransDigm Group Incorporated (NYSE:TDG) by 197.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,284 shares of the company’s stock after buying an additional 853 shares during the period. Federated Investors Inc. PA’s holdings in TransDigm Group were worth $320,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in TDG. Elgethun Capital Management purchased a new stake in shares of TransDigm Group during the fourth quarter valued at approximately $116,000. Athena Capital Advisors LLC purchased a new stake in shares of TransDigm Group during the third quarter valued at approximately $202,000. BB&T Securities LLC purchased a new stake in shares of TransDigm Group during the third quarter valued at approximately $228,000. Parkwood LLC purchased a new stake in shares of TransDigm Group during the third quarter valued at approximately $277,000. Finally, Conning Inc. purchased a new stake in shares of TransDigm Group during the third quarter valued at approximately $292,000.
Shares of TransDigm Group Incorporated (NYSE:TDG) opened at 214.54 on Tuesday. The stock has a market cap of $11.34 billion, a P/E ratio of 25.07 and a beta of 0.49. The stock has a 50 day moving average price of $241.48 and a 200 day moving average price of $255.68. TransDigm Group Incorporated has a 12 month low of $203.72 and a 12 month high of $294.38.
TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 7th. The company reported $2.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.48 by $0.09. TransDigm Group had a negative return on equity of 58.47% and a net margin of 13.91%. The business earned $814 million during the quarter, compared to analyst estimates of $804.52 million. During the same period last year, the company earned $2.27 earnings per share. TransDigm Group’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities analysts anticipate that TransDigm Group Incorporated will post $12.23 EPS for the current fiscal year.
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Several brokerages have commented on TDG. Vertical Group upgraded TransDigm Group from a “hold” rating to a “buy” rating and set a $278.00 price target for the company in a research note on Tuesday, March 14th. Credit Suisse Group AG restated a “buy” rating and set a $297.00 price target on shares of TransDigm Group in a research note on Friday, January 20th. Vetr upgraded TransDigm Group from a “buy” rating to a “strong-buy” rating and set a $279.83 price target for the company in a research note on Monday, February 20th. Cowen and Company lowered TransDigm Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $270.00 to $219.00 in a research note on Wednesday, March 22nd. Finally, Wellington Shields restated a “hold” rating and set a $255.00 price target on shares of TransDigm Group in a research note on Tuesday, March 21st. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $289.32.
In related news, insider Joel Reiss sold 6,000 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $252.99, for a total transaction of $1,517,940.00. Following the completion of the sale, the insider now directly owns 9,600 shares in the company, valued at $2,428,704. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert J. Small acquired 104,967 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The shares were purchased at an average price of $232.95 per share, with a total value of $24,452,062.65. Following the completion of the acquisition, the director now owns 32,713 shares of the company’s stock, valued at approximately $7,620,493.35. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 26,000 shares of company stock valued at $6,530,840. 10.52% of the stock is owned by corporate insiders.
About TransDigm Group
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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