Fic Capital Inc. decreased its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 0.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,059 shares of the aerospace company’s stock after selling 1 shares during the period. Fic Capital Inc.’s holdings in Transdigm Group were worth $453,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. TimesSquare Capital Management LLC boosted its position in shares of Transdigm Group by 146.8% in the first quarter. TimesSquare Capital Management LLC now owns 661,625 shares of the aerospace company’s stock worth $145,663,000 after buying an additional 393,525 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Transdigm Group during the fourth quarter worth $96,924,000. Principal Financial Group Inc. boosted its position in shares of Transdigm Group by 16.0% in the first quarter. Principal Financial Group Inc. now owns 2,651,540 shares of the aerospace company’s stock worth $583,763,000 after buying an additional 366,443 shares during the period. Norges Bank acquired a new position in shares of Transdigm Group during the fourth quarter worth $76,752,000. Finally, Wedge Capital Management L L P NC boosted its position in shares of Transdigm Group by 42.5% in the first quarter. Wedge Capital Management L L P NC now owns 803,305 shares of the aerospace company’s stock worth $176,856,000 after buying an additional 239,472 shares during the period.
Shares of Transdigm Group Incorporated (NYSE:TDG) traded up 0.32% during trading on Monday, hitting $271.12. 440,902 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $258.96 and its 200 day moving average is $245.40. Transdigm Group Incorporated has a 1-year low of $203.72 and a 1-year high of $294.38. The firm has a market capitalization of $14.10 billion, a PE ratio of 30.77 and a beta of 0.59.
Transdigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, May 9th. The aerospace company reported $3.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.85 by $0.17. The firm had revenue of $873.23 million for the quarter, compared to analyst estimates of $894.37 million. Transdigm Group had a net margin of 14.10% and a negative return on equity of 47.38%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.86 EPS. On average, equities research analysts forecast that Transdigm Group Incorporated will post $12.28 earnings per share for the current year.
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A number of research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Transdigm Group from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. Jefferies Group LLC reissued a “buy” rating on shares of Transdigm Group in a research note on Tuesday, June 6th. Robert W. Baird reissued an “outperform” rating and set a $300.00 price objective (up from $262.00) on shares of Transdigm Group in a research note on Tuesday, June 6th. Canaccord Genuity reissued a “buy” rating and set a $300.00 price objective on shares of Transdigm Group in a research note on Thursday, May 25th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $305.00 price objective on shares of Transdigm Group in a research note on Tuesday, June 13th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $283.49.
In other news, insider Jorge Valladares sold 6,000 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $265.53, for a total transaction of $1,593,180.00. Following the transaction, the insider now owns 15,000 shares in the company, valued at approximately $3,982,950. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 10.52% of the stock is currently owned by corporate 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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