Laurion Capital Management LP Invests $205,000 in Transdigm Group Incorporated (TDG) Stock
Laurion Capital Management LP acquired a new stake in Transdigm Group Incorporated (NYSE:TDG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 761 shares of the aerospace company’s stock, valued at approximately $205,000.
A number of other large investors have also recently modified their holdings of the business. ThornTree Capital Partners LP acquired a new stake in Transdigm Group in the second quarter valued at approximately $12,072,000. Amalgamated Bank grew its position in Transdigm Group by 50.1% in the second quarter. Amalgamated Bank now owns 5,692 shares of the aerospace company’s stock valued at $1,530,000 after acquiring an additional 1,899 shares in the last quarter. BlackRock Inc. grew its position in Transdigm Group by 0.9% in the second quarter. BlackRock Inc. now owns 3,992,584 shares of the aerospace company’s stock valued at $1,073,487,000 after acquiring an additional 37,025 shares in the last quarter. Norinchukin Bank The grew its position in Transdigm Group by 5.1% in the second quarter. Norinchukin Bank The now owns 3,394 shares of the aerospace company’s stock valued at $913,000 after acquiring an additional 165 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Transdigm Group by 4.8% in the second quarter. Ameriprise Financial Inc. now owns 173,242 shares of the aerospace company’s stock valued at $46,571,000 after acquiring an additional 7,890 shares in the last quarter.
In other news, Director Raymond F. Laubenthal sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $254.19, for a total transaction of $1,525,140.00. Following the sale, the director now directly owns 75,701 shares in the company, valued at $19,242,437.19. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jorge Valladares sold 100 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $276.00, for a total value of $27,600.00. Following the sale, the insider now owns 9,100 shares in the company, valued at $2,511,600. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,000 shares of company stock worth $6,549,337. Company insiders own 10.52% of the company’s stock.
TDG has been the subject of several recent research reports. Vertical Research reaffirmed a “buy” rating and issued a $316.00 price objective (up previously from $280.00) on shares of Transdigm Group in a research report on Thursday, August 10th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $305.00 price objective on shares of Transdigm Group in a research report on Tuesday, June 13th. Canaccord Genuity reaffirmed a “buy” rating and issued a $330.00 price objective (up previously from $300.00) on shares of Transdigm Group in a research report on Wednesday, August 9th. Jefferies Group LLC increased their price objective on shares of Transdigm Group from $283.00 to $322.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, BidaskClub downgraded shares of Transdigm Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $295.58.
Transdigm Group Incorporated (TDG) opened at 262.88 on Thursday. The stock has a market capitalization of $13.65 billion, a PE ratio of 29.21 and a beta of 0.53. The stock’s 50 day moving average price is $262.54 and its 200 day moving average price is $259.10. Transdigm Group Incorporated has a 1-year low of $203.72 and a 1-year high of $295.00.
Transdigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.32. The company had revenue of $907.67 million for the quarter, compared to the consensus estimate of $903.99 million. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.09 EPS. Equities research analysts forecast that Transdigm Group Incorporated will post $12.30 earnings per share for the current year.
The firm also recently declared a special dividend, which was paid on Tuesday, September 12th. Shareholders of record on Tuesday, September 5th were given a $22.00 dividend. The ex-dividend date of this dividend was Thursday, August 31st.
Transdigm Group Profile
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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