TransDigm Group Incorporated (TDG) Holdings Increased by Mainstay Capital Management LLC ADV

Mainstay Capital Management LLC ADV raised its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 16.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,693 shares of the aerospace company’s stock after purchasing an additional 511 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in TransDigm Group were worth $1,374,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. FMR LLC increased its position in TransDigm Group by 6.5% during the 3rd quarter. FMR LLC now owns 1,504,895 shares of the aerospace company’s stock valued at $560,272,000 after purchasing an additional 91,575 shares during the period. Meritage Group LP grew its position in shares of TransDigm Group by 0.6% during the 2nd quarter. Meritage Group LP now owns 541,540 shares of the aerospace company’s stock worth $186,907,000 after buying an additional 3,002 shares during the period. Allen Investment Management LLC grew its position in shares of TransDigm Group by 0.9% during the 3rd quarter. Allen Investment Management LLC now owns 430,013 shares of the aerospace company’s stock worth $160,094,000 after buying an additional 3,789 shares during the period. Wells Fargo & Company MN grew its position in shares of TransDigm Group by 2.2% during the 3rd quarter. Wells Fargo & Company MN now owns 290,185 shares of the aerospace company’s stock worth $108,037,000 after buying an additional 6,341 shares during the period. Finally, Bank of America Corp DE grew its position in shares of TransDigm Group by 5.0% during the 2nd quarter. Bank of America Corp DE now owns 277,619 shares of the aerospace company’s stock worth $95,817,000 after buying an additional 13,212 shares during the period.

In related news, Director Raymond F. Laubenthal sold 11,900 shares of the business’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $326.65, for a total value of $3,887,135.00. Following the sale, the director now directly owns 25,193 shares in the company, valued at approximately $8,229,293.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James Skulina sold 15,000 shares of the business’s stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $345.46, for a total value of $5,181,900.00. Following the completion of the sale, the insider now owns 19,000 shares in the company, valued at $6,563,740. The disclosure for this sale can be found here. Insiders have sold a total of 48,800 shares of company stock worth $17,012,044 over the last quarter. Company insiders own 11.45% of the company’s stock.

Several brokerages have recently commented on TDG. Cowen reaffirmed a “buy” rating on shares of TransDigm Group in a research report on Tuesday, August 7th. UBS Group initiated coverage on shares of TransDigm Group in a research report on Wednesday, August 15th. They set a “buy” rating and a $430.00 price objective for the company. SunTrust Banks lifted their price target on shares of TransDigm Group to $436.00 and gave the company a “buy” rating in a research report on Thursday, October 11th. Berenberg Bank began coverage on TransDigm Group in a research note on Friday, September 28th. They set a “buy” rating and a $420.00 price objective on the stock. Finally, Jefferies Financial Group restated a “hold” rating and set a $375.00 price objective on shares of TransDigm Group in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $378.40.

NYSE TDG opened at $361.67 on Monday. The firm has a market cap of $19.08 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.59 and a beta of 0.88. TransDigm Group Incorporated has a one year low of $265.29 and a one year high of $377.67.

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

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

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