Fred Alger Management Inc. lifted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.5% during the fourth quarter, HoldingsChannel reports. The firm owned 18,282 shares of the aerospace company’s stock after acquiring an additional 270 shares during the period. Fred Alger Management Inc.’s holdings in TransDigm Group were worth $5,021,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of TransDigm Group by 43.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519 shares of the aerospace company’s stock valued at $142,000 after purchasing an additional 158 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of TransDigm Group by 540.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 538 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 454 shares in the last quarter. Neville Rodie & Shaw Inc. bought a new position in shares of TransDigm Group during the fourth quarter valued at about $205,000. Alps Advisors Inc. bought a new position in shares of TransDigm Group during the fourth quarter valued at about $205,000. Finally, Trexquant Investment LP bought a new position in shares of TransDigm Group during the third quarter valued at about $209,000.
Several analysts have commented on TDG shares. JPMorgan Chase & Co. lowered shares of TransDigm Group from a “neutral” rating to an “underweight” rating in a research report on Tuesday, December 12th. Royal Bank of Canada set a $346.00 price objective on shares of TransDigm Group and gave the stock a “buy” rating in a research report on Thursday, November 16th. Zacks Investment Research raised shares of TransDigm Group from a “hold” rating to a “buy” rating and set a $317.00 price objective on the stock in a research report on Monday, February 12th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $306.00 price objective (up previously from $290.00) on shares of TransDigm Group in a research report on Friday, February 23rd. Finally, Cowen reaffirmed a “hold” rating and issued a $290.00 price objective on shares of TransDigm Group in a research report on Monday, January 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. TransDigm Group presently has an average rating of “Buy” and a consensus target price of $312.65.
TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.21). The business had revenue of $847.96 million during the quarter, compared to analysts’ expectations of $860.12 million. TransDigm Group had a negative return on equity of 27.70% and a net margin of 18.95%. TransDigm Group’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.57 EPS. equities research analysts expect that TransDigm Group Incorporated will post 16.69 EPS for the current fiscal year.
In other news, insider Roger Jones sold 5,000 shares of TransDigm Group stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $299.15, for a total value of $1,495,750.00. Following the completion of the transaction, the insider now owns 9,000 shares in the company, valued at $2,692,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kevin M. Stein bought 1,347 shares of TransDigm Group stock in a transaction dated Thursday, February 22nd. The stock was acquired at an average price of $296.79 per share, with a total value of $399,776.13. Following the purchase, the chief operating officer now directly owns 1,347 shares of the company’s stock, valued at $399,776.13. The disclosure for this purchase can be found here. Insiders sold 45,244 shares of company stock valued at $13,178,555 in the last quarter. Corporate insiders own 11.45% of the company’s stock.
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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.
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