Ladenburg Thalmann Financial Services Inc. raised its position in TransDigm Group Incorporated (NYSE:TDG) by 3.7% during the fourth quarter, Holdings Channel reports. The fund owned 499 shares of the company’s stock after buying an additional 18 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in TransDigm Group were worth $126,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Creative Planning raised its stake in TransDigm Group by 340.5% in the third quarter. Creative Planning now owns 3,762 shares of the company’s stock worth $1,088,000 after buying an additional 2,908 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in TransDigm Group during the third quarter worth $492,000. Highland Capital Management LLC raised its stake in TransDigm Group by 1.2% in the third quarter. Highland Capital Management LLC now owns 3,947 shares of the company’s stock worth $1,141,000 after buying an additional 48 shares during the last quarter. National Pension Service raised its stake in TransDigm Group by 9.3% in the third quarter. National Pension Service now owns 43,596 shares of the company’s stock worth $12,604,000 after buying an additional 3,715 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in TransDigm Group by 29.9% in the third quarter. Bank of Montreal Can now owns 30,783 shares of the company’s stock worth $8,900,000 after buying an additional 7,090 shares during the last quarter.
Shares of TransDigm Group Incorporated (NYSE:TDG) opened at 210.04 on Monday. TransDigm Group Incorporated has a 52-week low of $203.72 and a 52-week high of $294.38. The firm has a market cap of $11.10 billion, a price-to-earnings ratio of 24.55 and a beta of 0.49. The company’s 50-day moving average is $241.78 and its 200 day moving average is $256.72.
TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, February 7th. The company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.09. TransDigm Group had a net margin of 13.91% and a negative return on equity of 58.47%. The business earned $814 million during the quarter, compared to analysts’ expectations of $804.52 million. During the same quarter in the prior year, the business posted $2.27 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, analysts expect that TransDigm Group Incorporated will post $12.23 earnings per share for the current fiscal year.
TDG has been the topic of a number of research reports. Deutsche Bank AG increased their price objective on shares of TransDigm Group from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Monday, December 5th. Canaccord Genuity reiterated a “buy” rating and issued a $325.00 price objective on shares of TransDigm Group in a research note on Thursday, December 22nd. Royal Bank of Canada initiated coverage on shares of TransDigm Group in a research note on Wednesday, January 11th. They issued an “outperform” rating and a $316.00 price objective on the stock. SunTrust Banks, Inc. initiated coverage on shares of TransDigm Group in a research note on Thursday, January 19th. They issued a “buy” rating and a $291.00 price objective on the stock. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $297.00 price objective on shares of TransDigm Group in a research note on Friday, January 20th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. TransDigm Group presently has an average rating of “Buy” and a consensus price target of $289.32.
In other TransDigm Group news, Director Robert J. Small purchased 104,967 shares of TransDigm Group stock in a transaction that occurred on Tuesday, March 14th. The stock was purchased at an average price of $232.95 per share, for a total transaction of $24,452,062.65. Following the transaction, the director now directly owns 32,713 shares in the company, valued at $7,620,493.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joel Reiss sold 6,000 shares of the company’s stock in a transaction on Monday, February 27th. The shares were 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 owns 9,600 shares of the company’s stock, valued at approximately $2,428,704. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,000 shares of company stock valued at $6,530,840. Company insiders own 10.52% of the company’s stock.
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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