Virtu Financial LLC Buys New Stake in TransDigm Group Incorporated (TDG)

Virtu Financial LLC bought a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,870 shares of the aerospace company’s stock, valued at approximately $1,441,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Hawaiian Bank bought a new stake in TransDigm Group during the third quarter valued at approximately $117,000. Fort L.P. bought a new stake in TransDigm Group during the second quarter valued at approximately $123,000. Asset Advisors Investment Management LLC bought a new stake in TransDigm Group during the third quarter valued at approximately $186,000. Piedmont Investment Advisors LLC bought a new stake in TransDigm Group during the second quarter valued at approximately $190,000. Finally, JMG Financial Group Ltd. bought a new stake in TransDigm Group during the second quarter valued at approximately $203,000.

TDG opened at $361.67 on Friday. The company has a market capitalization of $19.38 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 1.61 and a beta of 0.89. TransDigm Group Incorporated has a 1-year low of $265.29 and a 1-year high of $377.67.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, November 6th. The aerospace company reported $4.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.05 by $0.39. TransDigm Group had a net margin of 23.64% and a negative return on equity of 35.67%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the business posted $3.48 earnings per share. The company’s revenue was up 18.5% on a year-over-year basis. On average, sell-side analysts anticipate that TransDigm Group Incorporated will post 15.61 EPS for the current year.

In related news, Director Raymond F. Laubenthal sold 11,900 shares of the company’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $326.65, for a total transaction of $3,887,135.00. Following the completion of the transaction, the director now owns 25,193 shares in the company, valued at $8,229,293.45. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James Skulina sold 15,000 shares of the company’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $345.46, for a total transaction of $5,181,900.00. Following the transaction, the insider now owns 19,000 shares of the company’s stock, valued at approximately $6,563,740. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,800 shares of company stock valued at $17,012,044. 10.52% of the stock is owned by company insiders.

A number of equities analysts have weighed in on the stock. Berenberg Bank assumed coverage on shares of TransDigm Group in a research report on Friday, September 28th. They issued a “buy” rating and a $420.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of TransDigm Group from $330.00 to $365.00 and gave the stock an “underweight” rating in a research report on Friday, August 10th. Credit Suisse Group upped their price target on shares of TransDigm Group from $400.00 to $408.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. Jefferies Financial Group reiterated a “hold” rating and issued a $375.00 price target on shares of TransDigm Group in a research report on Tuesday, August 7th. Finally, UBS Group assumed coverage on shares of TransDigm Group in a research report on Wednesday, August 15th. They issued a “buy” rating and a $430.00 price target for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. TransDigm Group currently has a consensus rating of “Buy” and a consensus price target of $378.40.

ILLEGAL ACTIVITY WARNING: This piece was first published by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.com-unik.info/2018/12/01/virtu-financial-llc-buys-new-stake-in-transdigm-group-incorporated-tdg.html.

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.

Featured Story: Average Daily Trade Volume – What You Need to Know

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

Receive News & Ratings for TransDigm Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit