Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in Transdigm Group Incorporated (NYSE:TDG) by 1.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,633 shares of the aerospace company’s stock after selling 52 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Transdigm Group were worth $977,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Korea Investment CORP increased its holdings in Transdigm Group by 142.6% in the second quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock valued at $133,000 after purchasing an additional 291 shares during the last quarter. Neville Rodie & Shaw Inc. bought a new stake in Transdigm Group in the second quarter valued at about $200,000. Plancorp LLC bought a new stake in Transdigm Group in the second quarter valued at about $213,000. First Capital Advisors Group LLC. bought a new stake in Transdigm Group in the second quarter valued at about $220,000. Finally, Janney Montgomery Scott LLC bought a new stake in Transdigm Group in the second quarter valued at about $234,000.
TDG has been the subject of several recent analyst reports. Cowen and Company restated a “market perform” rating and issued a $290.00 price target (up from $219.00) on shares of Transdigm Group in a report on Thursday, August 10th. Zacks Investment Research downgraded Transdigm Group from a “buy” rating to a “hold” rating in a report on Monday, June 5th. BidaskClub downgraded Transdigm Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Canaccord Genuity restated a “buy” rating and issued a $300.00 price target on shares of Transdigm Group in a report on Thursday, May 25th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $283.00 price target on shares of Transdigm Group in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Transdigm Group presently has an average rating of “Buy” and an average price target of $297.52.
Transdigm Group Incorporated (NYSE:TDG) opened at 254.18 on Wednesday. The stock’s 50 day moving average price is $273.81 and its 200 day moving average price is $257.32. The firm has a market capitalization of $13.19 billion, a PE ratio of 28.24 and a beta of 0.54. Transdigm Group Incorporated has a 52-week low of $203.72 and a 52-week high of $295.00.
Transdigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 8th. The aerospace company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.32. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. The business had revenue of $907.67 million during the quarter, compared to analyst estimates of $903.99 million. During the same period in the previous year, the company posted $3.09 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. On average, analysts predict that Transdigm Group Incorporated will post $12.30 EPS for the current fiscal year.
The company also recently announced a special dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, September 5th were given a $22.00 dividend. The ex-dividend date of this dividend was Thursday, August 31st.
In related news, Director Raymond F. Laubenthal sold 6,000 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $281.81, for a total value of $1,690,860.00. Following the completion of the sale, the director now directly owns 75,701 shares of the company’s stock, valued at approximately $21,333,298.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jorge Valladares sold 100 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $276.00, for a total value of $27,600.00. Following the completion of the sale, the insider now directly owns 9,100 shares of the company’s stock, valued at $2,511,600. The disclosure for this sale can be found here. Insiders sold a total of 18,000 shares of company stock valued at $5,024,197 over the last ninety days. 10.52% of the stock is currently owned by corporate insiders.
Transdigm Group 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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