L & S Advisors Inc raised its stake in TransDigm Group Incorporated (NYSE:TDG) by 54.2% during the second quarter, HoldingsChannel reports. The fund owned 4,403 shares of the aerospace company’s stock after buying an additional 1,548 shares during the period. L & S Advisors Inc’s holdings in TransDigm Group were worth $2,130,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TDG. FMR LLC grew its stake in shares of TransDigm Group by 52.7% in the first quarter. FMR LLC now owns 2,237,571 shares of the aerospace company’s stock worth $1,015,836,000 after acquiring an additional 771,898 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of TransDigm Group by 294.6% during the second quarter. JPMorgan Chase & Co. now owns 551,857 shares of the aerospace company’s stock valued at $262,728,000 after buying an additional 412,007 shares during the last quarter. Egerton Capital UK LLP purchased a new stake in shares of TransDigm Group during the second quarter valued at $192,825,000. BlackRock Inc. boosted its position in shares of TransDigm Group by 3.6% during the second quarter. BlackRock Inc. now owns 3,697,541 shares of the aerospace company’s stock valued at $1,788,870,000 after buying an additional 127,743 shares during the last quarter. Finally, Primecap Management Co. CA boosted its position in shares of TransDigm Group by 45.7% during the first quarter. Primecap Management Co. CA now owns 340,244 shares of the aerospace company’s stock valued at $154,467,000 after buying an additional 106,794 shares during the last quarter. 99.64% of the stock is currently owned by hedge funds and other institutional investors.
In other TransDigm Group news, Chairman W Nicholas Howley sold 17,083 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $547.65, for a total value of $9,355,504.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Robert S. Henderson sold 15,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $538.71, for a total value of $8,080,650.00. Following the completion of the transaction, the vice president now directly owns 40,000 shares in the company, valued at approximately $21,548,400. The disclosure for this sale can be found here. In the last three months, insiders sold 273,700 shares of company stock worth $145,335,349. 11.89% of the stock is owned by corporate insiders.
TDG stock traded up $7.37 during trading on Friday, reaching $522.13. The stock had a trading volume of 28,314 shares, compared to its average volume of 382,625. TransDigm Group Incorporated has a 52 week low of $307.36 and a 52 week high of $555.27. The stock’s 50 day moving average is $519.08 and its two-hundred day moving average is $478.12. The firm has a market cap of $26.95 billion, a PE ratio of 30.73, a PEG ratio of 2.37 and a beta of 0.97.
TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 6th. The aerospace company reported $4.95 earnings per share for the quarter, beating analysts’ consensus estimates of $4.01 by $0.94. TransDigm Group had a negative return on equity of 59.21% and a net margin of 15.26%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the company earned $3.59 earnings per share. TransDigm Group’s revenue was up 69.1% on a year-over-year basis. Research analysts predict that TransDigm Group Incorporated will post 16.92 EPS for the current fiscal year.
The company also recently announced a dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 16th were issued a $30.00 dividend. The ex-dividend date was Thursday, August 15th.
Several equities research analysts recently commented on the company. Jefferies Financial Group increased their price objective on TransDigm Group from $480.00 to $550.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Berenberg Bank set a $540.00 price objective on TransDigm Group and gave the company a “buy” rating in a research report on Thursday, June 13th. Barclays set a $610.00 price objective on TransDigm Group and gave the company a “buy” rating in a research report on Friday, August 9th. SunTrust Banks increased their price objective on TransDigm Group to $560.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Morgan Stanley increased their price objective on TransDigm Group from $520.00 to $570.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $540.42.
TransDigm Group Company 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.
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