National Pension Service Has $14.94 Million Position in Transdigm Group Incorporated (NYSE:TDG)
National Pension Service boosted its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 10.1% during the second quarter, Holdings Channel reports. The fund owned 56,360 shares of the aerospace company’s stock after buying an additional 5,192 shares during the period. National Pension Service’s holdings in Transdigm Group were worth $14,936,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Transdigm Group by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,747,472 shares of the aerospace company’s stock worth $1,045,202,000 after buying an additional 76,623 shares during the last quarter. 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 last quarter. State Street Corp boosted its position in shares of Transdigm Group by 1.7% in the first quarter. State Street Corp now owns 2,229,338 shares of the aerospace company’s stock worth $490,796,000 after buying an additional 36,321 shares during the last quarter. Morgan Stanley boosted its position in shares of Transdigm Group by 37.7% in the first quarter. Morgan Stanley now owns 1,408,740 shares of the aerospace company’s stock worth $310,149,000 after buying an additional 385,775 shares during the last quarter. Finally, Blue Ridge Capital L.L.C. boosted its position in shares of 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 worth $306,110,000 after buying an additional 212,800 shares during the last quarter.
Shares of Transdigm Group Incorporated (TDG) opened at 282.14 on Monday. The company has a market capitalization of $14.68 billion, a price-to-earnings ratio of 32.02 and a beta of 0.55. The company has a 50-day moving average price of $263.65 and a 200 day moving average price of $246.51. Transdigm Group Incorporated has a one year low of $203.72 and a one year high of $294.38.
Transdigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 9th. The aerospace company reported $3.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.85 by $0.17. Transdigm Group had a net margin of 14.10% and a negative return on equity of 47.38%. The company had revenue of $873.23 million during the quarter, compared to analysts’ expectations of $894.37 million. During the same period in the prior year, the company earned $2.86 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, analysts forecast that Transdigm Group Incorporated will post $12.29 EPS for the current fiscal year.
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A number of research analysts recently weighed in on TDG shares. Canaccord Genuity reiterated a “buy” rating and issued a $300.00 target price on shares of Transdigm Group in a report on Wednesday, March 22nd. Zacks Investment Research cut Transdigm Group from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. Deutsche Bank AG restated a “neutral” rating on shares of Transdigm Group in a research note on Friday, April 14th. Royal Bank Of Canada restated a “buy” rating and set a $316.00 price objective on shares of Transdigm Group in a research note on Tuesday, April 18th. Finally, Stephens started coverage on Transdigm Group in a research note on Thursday, April 13th. They set an “equal weight” rating and a $233.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Transdigm Group presently has a consensus rating of “Buy” and a consensus price target of $285.43.
In other Transdigm Group news, insider Jorge Valladares sold 6,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 15,000 shares in the company, valued at $3,982,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 18,000 shares of company stock valued at $4,731,157 over the last 90 days. Corporate insiders own 10.52% of the company’s stock.
Transdigm Group Company 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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