DF Dent & Co. Inc. lifted its holdings in Transdigm Group Incorporated (NYSE:TDG) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 246,733 shares of the aerospace company’s stock after purchasing an additional 8,508 shares during the period. Transdigm Group comprises about 1.8% of DF Dent & Co. Inc.’s portfolio, making the stock its 27th largest holding. DF Dent & Co. Inc. owned 0.48% of Transdigm Group worth $66,339,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in TDG. Northwestern Mutual Wealth Management Co. increased its stake in shares of Transdigm Group by 3.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock valued at $103,000 after purchasing an additional 14 shares in the last quarter. Korea Investment CORP increased its stake in shares of Transdigm Group by 142.6% in the 2nd quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock valued at $133,000 after purchasing an additional 291 shares in the last quarter. Neville Rodie & Shaw Inc. purchased a new position in shares of Transdigm Group in the 2nd quarter valued at about $200,000. HighTower Advisors LLC purchased a new position in shares of Transdigm Group in the 2nd quarter valued at about $201,000. Finally, Laurion Capital Management LP purchased a new position in shares of Transdigm Group in the 2nd quarter valued at about $205,000.
In other news, insider Jorge Valladares sold 5,900 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $278.03, for a total transaction of $1,640,377.00. Following the completion of the transaction, the insider now directly owns 14,900 shares of the company’s stock, valued at approximately $4,142,647. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $281.81, for a total transaction of $1,690,860.00. Following the transaction, the director now directly owns 75,701 shares of the company’s stock, valued at $21,333,298.81. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,000 shares of company stock valued at $6,549,337. Corporate insiders own 10.52% of the company’s stock.
Transdigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.98 by $0.32. Transdigm Group had a net margin of 14.47% and a negative return on equity of 40.12%. The business had revenue of $907.67 million during the quarter, compared to analysts’ expectations of $903.99 million. During the same period last year, the company posted $3.09 EPS. The company’s revenue was up 13.8% on a year-over-year basis. Equities research analysts predict that Transdigm Group Incorporated will post $12.30 EPS for the current fiscal year.
The firm also recently disclosed a special dividend, which was paid on Tuesday, September 12th. Stockholders of record on Tuesday, September 5th were paid a dividend of $22.00 per share. The ex-dividend date of this dividend was Thursday, August 31st.
Several equities analysts recently weighed in on the company. SunTrust Banks, Inc. restated a “buy” rating and issued a $300.00 price target on shares of Transdigm Group in a research note on Monday, October 2nd. Jefferies Group LLC lowered Transdigm Group from a “buy” rating to a “hold” rating and cut their price target for the company from $322.00 to $280.00 in a research note on Wednesday, September 20th. Canaccord Genuity restated a “buy” rating and issued a $330.00 price target on shares of Transdigm Group in a research note on Friday, September 15th. Royal Bank Of Canada restated a “buy” rating and issued a $316.00 price target on shares of Transdigm Group in a research note on Friday, September 1st. Finally, Zacks Investment Research lowered Transdigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $295.58.
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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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