Cigna Investments Inc. New reduced its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 8.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,928 shares of the aerospace company’s stock after selling 177 shares during the period. Cigna Investments Inc. New’s holdings in Transdigm Group were worth $518,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Transdigm Group by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,747,472 shares of the aerospace company’s stock valued at $1,045,202,000 after buying an additional 76,623 shares in the last quarter. Principal Financial Group Inc. increased its position in 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 valued at $583,763,000 after buying an additional 366,443 shares in the last quarter. State Street Corp increased its position in Transdigm Group by 1.7% in the first quarter. State Street Corp now owns 2,229,338 shares of the aerospace company’s stock valued at $490,796,000 after buying an additional 36,321 shares in the last quarter. Morgan Stanley increased its position in Transdigm Group by 37.7% in the first quarter. Morgan Stanley now owns 1,408,740 shares of the aerospace company’s stock valued at $310,149,000 after buying an additional 385,775 shares in the last quarter. Finally, Blue Ridge Capital L.L.C. increased its position in Transdigm Group by 18.1% in the first quarter. Blue Ridge Capital L.L.C. now owns 1,390,400 shares of the aerospace company’s stock valued at $306,110,000 after buying an additional 212,800 shares in the last quarter.

Shares of Transdigm Group Incorporated (NYSE TDG) opened at 278.92 on Wednesday. The company’s 50-day moving average price is $277.45 and its 200 day moving average price is $254.08. Transdigm Group Incorporated has a 1-year low of $203.72 and a 1-year high of $295.00. The firm has a market cap of $14.48 billion, a PE ratio of 30.99 and a beta of 0.56.

Transdigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $2.98 by $0.32. The business had revenue of $907.67 million during the quarter, compared to analyst estimates of $903.99 million. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. Transdigm Group’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.09 EPS. On average, analysts predict that Transdigm Group Incorporated will post $12.30 EPS for the current year.

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Several equities research analysts have recently weighed in on TDG shares. Cowen and Company reissued a “market perform” rating and issued a $290.00 price target (up previously from $219.00) on shares of Transdigm Group in a research note on Thursday, August 10th. Zacks Investment Research cut Transdigm Group from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. BidaskClub cut Transdigm Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Canaccord Genuity reissued a “buy” rating and issued a $300.00 price target on shares of Transdigm Group in a research note on Wednesday, May 10th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $316.00 price target on shares of Transdigm Group in a research note on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Transdigm Group has an average rating of “Buy” and a consensus target price of $297.52.

In other Transdigm Group news, Director Raymond F. Laubenthal sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $281.81, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jorge Valladares sold 5,900 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $278.03, for a total value of $1,640,377.00. Following the transaction, the insider now directly owns 14,900 shares of the company’s stock, valued at approximately $4,142,647. The disclosure for this sale can be found here. Insiders have sold a total of 18,000 shares of company stock valued at $4,952,017 in the last ninety days. 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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Institutional Ownership by Quarter for Transdigm Group (NYSE:TDG)

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