Raymond James & Associates Purchases 3,013 Shares of TransDigm Group Incorporated (TDG)

Raymond James & Associates grew its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 17.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,616 shares of the aerospace company’s stock after buying an additional 3,013 shares during the period. Raymond James & Associates’ holdings in TransDigm Group were worth $7,011,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TDG. Capital International Investors raised its stake in shares of TransDigm Group by 177.2% during the 3rd quarter. Capital International Investors now owns 4,456,405 shares of the aerospace company’s stock valued at $1,659,120,000 after purchasing an additional 2,849,039 shares during the period. FMR LLC raised its stake in shares of 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. Windacre Partnership LLC raised its stake in shares of TransDigm Group by 7.1% during the 3rd quarter. Windacre Partnership LLC now owns 942,500 shares of the aerospace company’s stock valued at $350,893,000 after purchasing an additional 62,300 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of TransDigm Group by 7.0% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 401,371 shares of the aerospace company’s stock valued at $149,430,000 after purchasing an additional 26,175 shares during the period. Finally, Westfield Capital Management Co. LP raised its stake in shares of TransDigm Group by 10.8% during the 4th quarter. Westfield Capital Management Co. LP now owns 302,321 shares of the aerospace company’s stock valued at $102,807,000 after purchasing an additional 29,584 shares during the period.

In other news, CEO W Nicholas Howley sold 17,083 shares of the company’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $418.55, for a total value of $7,150,089.65. Following the completion of the transaction, the chief executive officer now directly owns 43,818 shares in the company, valued at approximately $18,340,023.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert S. Henderson sold 20,000 shares of the company’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $427.37, for a total value of $8,547,400.00. Following the completion of the transaction, the vice president now owns 45,000 shares of the company’s stock, valued at $19,231,650. The disclosure for this sale can be found here. Insiders sold a total of 78,274 shares of company stock valued at $33,455,050 over the last quarter. Company insiders own 11.00% of the company’s stock.

Shares of NYSE TDG opened at $439.94 on Thursday. The stock has a market capitalization of $23.11 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 1.86 and a beta of 0.99. TransDigm Group Incorporated has a twelve month low of $289.43 and a twelve month high of $445.51.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 5th. The aerospace company reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.66. TransDigm Group had a negative return on equity of 43.35% and a net margin of 20.57%. The firm had revenue of $993.30 million during the quarter, compared to analysts’ expectations of $957.66 million. During the same period in the prior year, the business earned $2.65 EPS. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, equities analysts predict that TransDigm Group Incorporated will post 16.09 earnings per share for the current fiscal year.

TDG has been the topic of a number of research analyst reports. Jefferies Financial Group restated a “hold” rating and issued a $355.00 target price on shares of TransDigm Group in a research note on Tuesday, January 8th. SunTrust Banks upped their target price on TransDigm Group to $452.00 and gave the stock a “buy” rating in a research note on Wednesday, February 6th. Credit Suisse Group upped their target price on TransDigm Group from $405.00 to $476.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 6th. Canaccord Genuity upped their target price on TransDigm Group from $400.00 to $460.00 and gave the stock a “buy” rating in a research note on Wednesday, February 6th. Finally, Zacks Investment Research lowered TransDigm Group from a “hold” rating to a “sell” rating in a research note on Friday, February 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $400.00.

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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.

Further Reading: Initial Public Offering (IPO)

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

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