Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Transdigm Group Incorporated (NYSE:TDG) by 3.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,388 shares of the aerospace company’s stock after purchasing an additional 495 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Transdigm Group were worth $3,423,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. APG Asset Management N.V. raised its holdings in Transdigm Group by 0.8% in the 3rd quarter. APG Asset Management N.V. now owns 223,329 shares of the aerospace company’s stock worth $57,094,000 after purchasing an additional 1,700 shares during the period. HPM Partners LLC raised its holdings in shares of Transdigm Group by 196.7% during the second quarter. HPM Partners LLC now owns 5,739 shares of the aerospace company’s stock valued at $810,000 after acquiring an additional 3,805 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Transdigm Group by 14.6% during the second quarter. Victory Capital Management Inc. now owns 25,758 shares of the aerospace company’s stock valued at $6,926,000 after acquiring an additional 3,273 shares during the last quarter. Swiss National Bank raised its holdings in shares of Transdigm Group by 2.2% during the second quarter. Swiss National Bank now owns 193,200 shares of the aerospace company’s stock valued at $51,946,000 after acquiring an additional 4,200 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Transdigm Group by 1.6% during the second quarter. Vanguard Group Inc. now owns 4,824,369 shares of the aerospace company’s stock valued at $1,297,129,000 after acquiring an additional 76,897 shares during the last quarter.
A number of brokerages have commented on TDG. Zacks Investment Research cut Transdigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Vertical Research reissued a “buy” rating and set a $316.00 target price (up previously from $280.00) on shares of Transdigm Group in a report on Thursday, August 10th. Jefferies Group LLC increased their target price on Transdigm Group from $283.00 to $322.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. BidaskClub cut Transdigm Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Wolfe Research raised Transdigm Group from a “market perform” rating to an “outperform” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $296.87.
Transdigm Group (NYSE:TDG) last issued its quarterly earnings data on Thursday, November 9th. The aerospace company reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.30. The company had revenue of $923.89 million during the quarter, compared to analyst estimates of $959.77 million. Transdigm Group had a negative return on equity of 30.13% and a net margin of 12.44%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.29 earnings per share. analysts anticipate that Transdigm Group Incorporated will post 12.69 EPS for the current fiscal year.
In other news, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $263.78, for a total transaction of $1,582,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO W Nicholas Howley sold 63,776 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $268.60, for a total value of $17,130,233.60. The disclosure for this sale can be found here. Insiders sold 96,776 shares of company stock valued at $25,777,794 over the last quarter. 10.52% of the stock is currently owned by company insiders.
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.
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