Deseret Mutual Benefit Administrators grew its stake in TransDigm Group Incorporated (NYSE:TDG) by 112.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 332 shares of the aerospace company’s stock after acquiring an additional 176 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in TransDigm Group were worth $207,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in TDG. Lone Pine Capital LLC purchased a new position in shares of TransDigm Group in the second quarter worth $464,407,000. Altarock Partners LLC raised its stake in shares of TransDigm Group by 31.9% in the second quarter. Altarock Partners LLC now owns 1,256,182 shares of the aerospace company’s stock worth $813,114,000 after purchasing an additional 303,619 shares during the last quarter. Morgan Stanley raised its stake in shares of TransDigm Group by 171.0% in the second quarter. Morgan Stanley now owns 224,775 shares of the aerospace company’s stock worth $145,497,000 after purchasing an additional 141,817 shares during the last quarter. BlackRock Inc. raised its stake in shares of TransDigm Group by 2.3% in the second quarter. BlackRock Inc. now owns 4,129,836 shares of the aerospace company’s stock worth $2,673,203,000 after purchasing an additional 91,111 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of TransDigm Group by 17.9% in the second quarter. Invesco Ltd. now owns 374,143 shares of the aerospace company’s stock worth $242,180,000 after purchasing an additional 56,675 shares during the last quarter. 96.17% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Kevin M. Stein sold 40,000 shares of the company’s stock in a transaction dated Thursday, November 18th. The stock was sold at an average price of $661.47, for a total value of $26,458,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert S. Henderson sold 10,000 shares of the company’s stock in a transaction dated Monday, November 1st. The stock was sold at an average price of $627.17, for a total value of $6,271,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,000 shares of company stock valued at $46,679,885. Corporate insiders own 9.13% of the company’s stock.
Several research analysts have recently weighed in on the company. Robert W. Baird boosted their price target on TransDigm Group from $668.00 to $720.00 and gave the stock an “outperform” rating in a research note on Monday, November 22nd. The Goldman Sachs Group assumed coverage on TransDigm Group in a research note on Friday, September 10th. They issued a “buy” rating and a $732.00 price target for the company. Susquehanna Bancshares upped their price objective on TransDigm Group from $680.00 to $708.00 and gave the company a “neutral” rating in a research report on Wednesday, November 17th. Morgan Stanley assumed coverage on TransDigm Group in a research report on Monday, September 13th. They set an “overweight” rating and a $762.00 price objective for the company. Finally, Zacks Investment Research upgraded TransDigm Group from a “hold” rating to a “buy” rating and set a $678.00 price objective for the company in a research report on Tuesday, October 19th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $702.72.
Shares of TDG opened at $634.41 on Friday. The business has a 50-day simple moving average of $620.79 and a two-hundred day simple moving average of $629.10. The stock has a market cap of $35.05 billion, a price-to-earnings ratio of 61.12, a PEG ratio of 2.63 and a beta of 1.56. TransDigm Group Incorporated has a 52 week low of $517.37 and a 52 week high of $688.03.
TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, November 16th. The aerospace company reported $4.25 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.55. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. TransDigm Group had a negative return on equity of 20.33% and a net margin of 14.17%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.80 earnings per share. Equities research analysts forecast that TransDigm Group Incorporated will post 13.77 EPS for the current year.
TransDigm Group Company Profile
TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe and Non-Aviation. The Power and 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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