Nomura Asset Management Co. Ltd. Increases Holdings in Transdigm Group Incorporated (TDG)

Nomura Asset Management Co. Ltd. raised its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 8.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,969 shares of the aerospace company’s stock after buying an additional 527 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Transdigm Group were worth $1,781,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TDG. Northwestern Mutual Wealth Management Co. raised its stake in Transdigm Group by 3.8% during the 2nd 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 last quarter. Korea Investment CORP raised its stake in Transdigm Group by 142.6% during the 2nd quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock valued at $133,000 after buying an additional 291 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Transdigm Group during the 2nd quarter valued at $201,000. Laurion Capital Management LP purchased a new stake in Transdigm Group during the 2nd quarter valued at $205,000. Finally, Trexquant Investment LP purchased a new stake in Transdigm Group during the 3rd quarter valued at $209,000.

In other Transdigm Group news, CEO W Nicholas Howley sold 63,776 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Graff sold 1,872 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $278.92, for a total value of $522,138.24. Following the completion of the sale, the director now owns 9,482 shares of the company’s stock, valued at approximately $2,644,719.44. The disclosure for this sale can be found here. Insiders sold a total of 98,648 shares of company stock valued at $26,299,932 in the last quarter. 10.52% of the stock is currently owned by company insiders.

TDG has been the subject of several analyst reports. Canaccord Genuity restated a “buy” rating and issued a $330.00 price objective on shares of Transdigm Group in a research note on Friday, September 15th. Jefferies Group lowered Transdigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $322.00 to $280.00 in a research note on Wednesday, September 20th. Zacks Investment Research upgraded Transdigm Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. SunTrust Banks restated a “buy” rating and issued a $300.00 price objective on shares of Transdigm Group in a research note on Monday, October 2nd. Finally, Royal Bank of Canada restated a “buy” rating and issued a $316.00 price objective on shares of Transdigm Group in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $296.87.

Shares of Transdigm Group Incorporated (NYSE TDG) traded up $2.60 during mid-day trading on Thursday, reaching $272.60. The company’s stock had a trading volume of 548,800 shares, compared to its average volume of 784,345. 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 stock has a market cap of $14,440.00, a price-to-earnings ratio of 22.67, a PEG ratio of 2.28 and a beta of 0.62.

Transdigm Group (NYSE:TDG) last issued its quarterly earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $923.89 million during the quarter, compared to analyst estimates of $959.77 million. During the same quarter in the prior year, the business posted $3.29 EPS. Transdigm Group’s revenue for the quarter was up 5.6% compared to the same quarter last year. equities analysts anticipate that Transdigm Group Incorporated will post 12.66 earnings per share for the current fiscal year.

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Transdigm Group Company 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.

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

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