TransDigm Group Incorporated (TDG) Shares Sold by Country Trust Bank

Country Trust Bank cut its stake in TransDigm Group Incorporated (NYSE:TDG) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,492 shares of the aerospace company’s stock after selling 342 shares during the period. Country Trust Bank owned 0.19% of TransDigm Group worth $26,773,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Neville Rodie & Shaw Inc. bought a new position in shares of TransDigm Group during the fourth quarter valued at approximately $205,000. Parametric Portfolio Associates LLC increased its stake in shares of TransDigm Group by 7.3% during the third quarter. Parametric Portfolio Associates LLC now owns 181,288 shares of the aerospace company’s stock valued at $46,346,000 after purchasing an additional 12,292 shares in the last quarter. IFM Investors Pty Ltd bought a new position in shares of TransDigm Group during the third quarter valued at approximately $386,000. Neuberger Berman Group LLC increased its stake in shares of TransDigm Group by 68.2% during the third quarter. Neuberger Berman Group LLC now owns 6,454 shares of the aerospace company’s stock valued at $1,650,000 after purchasing an additional 2,618 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of TransDigm Group by 4.2% during the third quarter. California Public Employees Retirement System now owns 97,593 shares of the aerospace company’s stock valued at $24,950,000 after purchasing an additional 3,893 shares in the last quarter.

In related news, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $263.78, for a total value of $1,582,680.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Graff sold 1,872 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $278.92, for a total transaction of $522,138.24. Following the completion of the sale, the director now owns 9,482 shares in the company, valued at approximately $2,644,719.44. The disclosure for this sale can be found here. Insiders have sold 98,648 shares of company stock valued at $26,439,672 in the last three months. 10.52% of the stock is owned by insiders.

Shares of TransDigm Group Incorporated (NYSE:TDG) traded down $1.18 on Thursday, hitting $281.23. 353,300 shares of the company traded hands, compared to its average volume of 495,957. The company has a market capitalization of $14,850.00, a P/E ratio of 33.28, a P/E/G ratio of 2.31 and a beta of 0.62. The company has a quick ratio of 1.61, a current ratio of 2.45 and a debt-to-equity ratio of -3.86. TransDigm Group Incorporated has a 12 month low of $203.72 and a 12 month high of $295.00.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.18 by $0.30. The company had revenue of $923.89 million during the quarter, compared to the consensus estimate of $959.77 million. TransDigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.29 earnings per share. equities analysts predict that TransDigm Group Incorporated will post 12.73 earnings per share for the current fiscal year.

TDG has been the subject of a number of analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a $330.00 target price on shares of TransDigm Group in a research note on Friday, September 15th. Jefferies Group downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $322.00 to $280.00 in a research note on Wednesday, September 20th. SunTrust Banks reaffirmed a “buy” rating and set a $300.00 target price on shares of TransDigm Group in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of TransDigm Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $300.00 target price on shares of TransDigm Group in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. TransDigm Group currently has an average rating of “Buy” and an average target price of $297.17.

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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.

Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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