Victory Capital Management Inc. Has $1,185,000 Stake in TransDigm Group Inc. (TDG)
Victory Capital Management Inc. raised its position in TransDigm Group Inc. (NYSE:TDG) by 24.2% during the second quarter, Holdings Channel reports. The fund owned 4,494 shares of the company’s stock after buying an additional 877 shares during the period. Victory Capital Management Inc.’s holdings in TransDigm Group were worth $1,185,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Advisory Services Network LLC boosted its position in shares of TransDigm Group by 341.5% in the second quarter. Advisory Services Network LLC now owns 702 shares of the company’s stock worth $185,000 after buying an additional 543 shares during the last quarter. Seven Eight Capital LLC acquired a new position in shares of TransDigm Group during the first quarter worth approximately $195,000. Global X Management Co. LLC boosted its position in shares of TransDigm Group by 75.1% in the second quarter. Global X Management Co. LLC now owns 795 shares of the company’s stock worth $210,000 after buying an additional 341 shares during the last quarter. Mn Services Vermogensbeheer B.V. acquired a new position in shares of TransDigm Group during the first quarter worth approximately $257,000. Finally, Scotia Capital Inc. boosted its position in shares of TransDigm Group by 11.2% in the first quarter. Scotia Capital Inc. now owns 1,262 shares of the company’s stock worth $278,000 after buying an additional 127 shares during the last quarter. Institutional investors own 87.73% of the company’s stock.
Shares of TransDigm Group Inc. (NYSE:TDG) traded up 0.36% during trading on Wednesday, hitting $280.73. 124,684 shares of the company traded hands. The company has a 50 day moving average price of $284.43 and a 200 day moving average price of $255.56. The company has a market capitalization of $14.95 billion, a price-to-earnings ratio of 29.69 and a beta of 0.82. TransDigm Group Inc. has a 52 week low of $180.76 and a 52 week high of $294.38.
TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 9th. The company reported $3.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.82 by $0.27. TransDigm Group had a net margin of 17.25% and a negative return on equity of 62.15%. The firm earned $797.70 million during the quarter, compared to analyst estimates of $805.23 million. During the same quarter in the prior year, the business earned $2.26 earnings per share. TransDigm Group’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, analysts expect that TransDigm Group Inc. will post $11.39 earnings per share for the current year.
TDG has been the topic of a number of analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $325.00 target price on shares of TransDigm Group in a research report on Wednesday, September 7th. Morgan Stanley initiated coverage on shares of TransDigm Group in a research report on Thursday, June 23rd. They issued an “equal weight” rating and a $287.00 target price on the stock. Deutsche Bank AG lifted their target price on shares of TransDigm Group from $260.00 to $300.00 and gave the stock a “hold” rating in a research report on Wednesday, August 10th. Zacks Investment Research cut shares of TransDigm Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, Wolfe Research cut shares of TransDigm Group from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $276.56.
In other TransDigm Group news, insider Peter Palmer sold 20,500 shares of the stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $281.84, for a total transaction of $5,777,720.00. Following the completion of the transaction, the insider now owns 14,000 shares in the company, valued at $3,945,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bernt G. Iversen II sold 10,000 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $278.81, for a total transaction of $2,788,100.00. Following the transaction, the insider now owns 15,010 shares of the company’s stock, valued at approximately $4,184,938.10. The disclosure for this sale can be found here. Company insiders own 9.30% of the company’s stock.
TransDigm Group Company Profile
TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its 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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