Gilbert & Cook Inc. bought a new position in Transdigm Group Incorporated (NYSE:TDG) during the second quarter, Holdings Channel reports. The fund bought 1,629 shares of the aerospace company’s stock, valued at approximately $438,000.
A number of other hedge funds also recently added to or reduced their stakes in the company. APG Asset Management N.V. boosted its stake in Transdigm Group by 37.5% in the second quarter. APG Asset Management N.V. now owns 221,629 shares of the aerospace company’s stock worth $59,589,000 after buying an additional 60,500 shares during the period. US Bancorp DE boosted its stake in Transdigm Group by 34.4% in the second quarter. US Bancorp DE now owns 124,135 shares of the aerospace company’s stock worth $33,375,000 after buying an additional 31,789 shares during the period. Aperio Group LLC boosted its stake in Transdigm Group by 1.8% in the second quarter. Aperio Group LLC now owns 19,014 shares of the aerospace company’s stock worth $5,112,000 after buying an additional 332 shares during the period. LS Investment Advisors LLC boosted its stake in Transdigm Group by 0.3% in the second quarter. LS Investment Advisors LLC now owns 2,263 shares of the aerospace company’s stock worth $608,000 after buying an additional 6 shares during the period. Finally, Regent Investment Management LLC bought a new stake in Transdigm Group during the second quarter worth approximately $550,000.
Transdigm Group Incorporated (NYSE:TDG) traded down 0.05% during trading on Tuesday, hitting $286.87. 163,702 shares of the stock traded hands. The stock has a market cap of $14.92 billion, a P/E ratio of 32.55 and a beta of 0.55. The firm’s 50-day moving average is $271.93 and its 200-day moving average is $249.45. Transdigm Group Incorporated has a 12 month low of $203.72 and a 12 month high of $294.38.
Transdigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, May 9th. The aerospace company reported $3.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.85 by $0.17. Transdigm Group had a negative return on equity of 47.38% and a net margin of 14.10%. The firm had revenue of $873.23 million during the quarter, compared to the consensus estimate of $894.37 million. During the same period last year, the company earned $2.86 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts forecast that Transdigm Group Incorporated will post $12.29 EPS for the current year.
A number of analysts recently commented on the stock. Wolfe Research cut shares of Transdigm Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 20th. Jefferies Group LLC reiterated a “buy” rating and issued a $283.00 target price on shares of Transdigm Group in a research note on Friday, July 14th. Morgan Stanley reissued an “equal weight” rating and set a $281.00 price target (up from $245.00) on shares of Transdigm Group in a research report on Thursday, July 13th. Zacks Investment Research lowered shares of Transdigm Group from a “buy” rating to a “hold” rating and set a $308.00 price target for the company. in a research report on Thursday, July 13th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $305.00 price target on shares of Transdigm Group in a research report on Tuesday, June 13th. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $285.43.
In other Transdigm Group news, insider Jorge Valladares sold 100 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $276.00, for a total value of $27,600.00. Following the completion of the transaction, the insider now owns 9,100 shares in the company, valued at $2,511,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raymond F. Laubenthal sold 6,000 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $281.81, for a total value of $1,690,860.00. Following the completion of the transaction, the director now owns 75,701 shares of the company’s stock, valued at approximately $21,333,298.81. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,000 shares of company stock valued at $4,952,017. 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.
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