Rhumbline Advisers Sells 2,870 Shares of Transdigm Group Incorporated (TDG)

Rhumbline Advisers cut its holdings in shares of Transdigm Group Incorporated (NYSE:TDG) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 92,300 shares of the aerospace company’s stock after selling 2,870 shares during the period. Rhumbline Advisers owned 0.18% of Transdigm Group worth $23,596,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. LS Investment Advisors LLC increased its stake in shares of Transdigm Group by 0.3% during the second quarter. LS Investment Advisors LLC now owns 2,263 shares of the aerospace company’s stock valued at $608,000 after buying an additional 6 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Transdigm Group by 3.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock valued at $103,000 after buying an additional 14 shares during the period. Profund Advisors LLC increased its stake in shares of Transdigm Group by 1.1% during the second quarter. Profund Advisors LLC now owns 1,334 shares of the aerospace company’s stock valued at $359,000 after buying an additional 15 shares during the period. Thrivent Financial For Lutherans increased its stake in shares of Transdigm Group by 1.1% during the second quarter. Thrivent Financial For Lutherans now owns 1,850 shares of the aerospace company’s stock valued at $497,000 after buying an additional 20 shares during the period. Finally, Sentry Investment Management LLC increased its stake in shares of Transdigm Group by 1.1% during the second quarter. Sentry Investment Management LLC now owns 3,683 shares of the aerospace company’s stock valued at $990,000 after buying an additional 40 shares during the period.

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Several research firms have recently issued reports on TDG. Deutsche Bank AG boosted their target price on Transdigm Group from $305.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Canaccord Genuity reaffirmed a “buy” rating and issued a $330.00 price target (up from $300.00) on shares of Transdigm Group in a research note on Wednesday, August 9th. Jefferies Group LLC upped their price target on Transdigm Group from $283.00 to $322.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Stephens cut Transdigm Group from an “equal weight” rating to an “underweight” rating and set a $230.00 price target on the stock. in a research note on Thursday, August 3rd. Finally, BidaskClub cut Transdigm Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Transdigm Group presently has a consensus rating of “Buy” and a consensus target price of $296.87.

Transdigm Group Incorporated (NYSE TDG) opened at $263.08 on Monday. Transdigm Group Incorporated has a 1-year low of $203.72 and a 1-year high of $295.00. The company has a debt-to-equity ratio of -3.86, a current ratio of 2.45 and a quick ratio of 1.61. The firm has a market capitalization of $13,669.56, a PE ratio of 22.09, a price-to-earnings-growth ratio of 2.18 and a beta of 0.50.

Transdigm Group (NYSE:TDG) last posted its quarterly earnings data on Thursday, November 9th. The aerospace company reported $3.48 EPS for the quarter, topping the consensus estimate of $3.18 by $0.30. Transdigm Group had a negative return on equity of 30.13% and a net margin of 12.44%. The firm had revenue of $923.89 million for the quarter, compared to the consensus estimate of $959.77 million. During the same quarter last year, the company earned $3.29 earnings per share. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. equities research analysts forecast that Transdigm Group Incorporated will post 12.69 EPS for the current year.

In other Transdigm Group news, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $254.19, for a total transaction of $1,525,140.00. Following the completion of the transaction, the director now owns 75,701 shares in the company, valued at approximately $19,242,437.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert S. Henderson sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $263.74, for a total value of $3,956,100.00. The disclosure for this sale can be found here. Insiders sold 96,776 shares of company stock worth $25,777,794 in the last ninety days. Corporate insiders own 10.52% of the company’s stock.

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.

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

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