Exxonmobil Investment Management Inc. TX decreased its position in Transdigm Group Incorporated (NYSE:TDG) by 14.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,389 shares of the aerospace company’s stock after selling 1,642 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Transdigm Group were worth $2,524,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federated Investors Inc. PA boosted its position in Transdigm Group by 197.9% in the fourth quarter. Federated Investors Inc. PA now owns 1,284 shares of the aerospace company’s stock worth $320,000 after buying an additional 853 shares during the period. AQR Capital Management LLC boosted its position in Transdigm Group by 108.1% in the fourth quarter. AQR Capital Management LLC now owns 6,543 shares of the aerospace company’s stock worth $1,629,000 after buying an additional 3,399 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in Transdigm Group by 3.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 499 shares of the aerospace company’s stock worth $126,000 after buying an additional 18 shares during the period. Thrivent Financial for Lutherans boosted its position in Transdigm Group by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,740 shares of the aerospace company’s stock worth $433,000 after buying an additional 100 shares during the period. Finally, Security Asset Management purchased a new position in Transdigm Group during the fourth quarter worth about $1,206,000.
Shares of Transdigm Group Incorporated (TDG) traded up 0.36% during trading on Friday, hitting $274.36. 193,629 shares of the stock traded hands. The firm has a market capitalization of $14.24 billion, a price-to-earnings ratio of 30.48 and a beta of 0.56. Transdigm Group Incorporated has a 1-year low of $203.72 and a 1-year high of $295.00. The firm has a 50-day moving average of $276.64 and a 200-day moving average of $252.43.
Transdigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.32. The business had revenue of $907.67 million during the quarter, compared to analysts’ expectations of $903.99 million. Transdigm Group had a net margin of 14.47% and a negative return on equity of 40.12%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the company posted $3.09 earnings per share. On average, equities analysts forecast that Transdigm Group Incorporated will post $12.30 earnings per share for the current year.
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TDG has been the subject of several research analyst reports. Cowen and Company restated a “market perform” rating and issued a $290.00 price objective (up previously from $219.00) on shares of Transdigm Group in a research report on Thursday. Zacks Investment Research cut shares of Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, June 5th. BidaskClub cut shares of Transdigm Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Canaccord Genuity restated a “buy” rating and issued a $300.00 price objective on shares of Transdigm Group in a research report on Wednesday, May 10th. Finally, Deutsche Bank AG restated a “neutral” rating on shares of Transdigm Group in a research report on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $297.52.
In other Transdigm Group news, insider Jorge Valladares sold 5,900 shares of Transdigm Group stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $278.03, for a total value of $1,640,377.00. Following the sale, the insider now owns 14,900 shares of the company’s stock, valued at $4,142,647. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Raymond F. Laubenthal sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $281.81, for a total transaction of $1,690,860.00. Following the completion of the sale, the director now directly owns 75,701 shares in the company, valued at approximately $21,333,298.81. The disclosure for this sale can be found here. Insiders have sold 18,000 shares of company stock valued at $4,952,017 over the last quarter. Corporate 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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