Transdigm Group Incorporated (NYSE:TDG) Position Held by First Manhattan Co.
First Manhattan Co. continued to hold its stake in shares of Transdigm Group Incorporated (NYSE:TDG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,120 shares of the aerospace company’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Transdigm Group were worth $301,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in TDG. Chevy Chase Trust Holdings Inc. increased its stake in shares of Transdigm Group by 1.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 42,822 shares of the aerospace company’s stock worth $9,427,000 after buying an additional 754 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Transdigm Group by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 16,109 shares of the aerospace company’s stock worth $3,546,000 after buying an additional 250 shares during the last quarter. National Pension Service increased its stake in shares of Transdigm Group by 9.8% in the first quarter. National Pension Service now owns 51,168 shares of the aerospace company’s stock worth $11,258,000 after buying an additional 4,550 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Transdigm Group during the first quarter worth about $616,000. Finally, Gateway Investment Advisers LLC increased its stake in shares of Transdigm Group by 2.9% in the first quarter. Gateway Investment Advisers LLC now owns 54,688 shares of the aerospace company’s stock worth $12,040,000 after buying an additional 1,520 shares during the last quarter.
Shares of Transdigm Group Incorporated (NYSE TDG) opened at 277.72 on Thursday. The company’s 50-day moving average is $276.49 and its 200 day moving average is $252.28. Transdigm Group Incorporated has a 52-week low of $203.72 and a 52-week high of $295.00. The firm has a market capitalization of $14.45 billion, a P/E ratio of 31.52 and a beta of 0.56.
Transdigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 42.59% and a net margin of 14.47%. Transdigm Group’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.09 earnings per share. Analysts expect that Transdigm Group Incorporated will post $12.29 EPS for the current fiscal year.
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TDG has been the topic of a number of analyst reports. Stephens initiated coverage on shares of 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. Deutsche Bank AG reiterated a “neutral” rating on shares of Transdigm Group in a research note on Friday, April 14th. Zacks Investment Research downgraded shares of Transdigm Group from a “buy” rating to a “sell” rating in a research note on Monday, April 17th. Royal Bank Of Canada reiterated a “buy” rating and set a $316.00 price objective on shares of Transdigm Group in a research note on Tuesday, April 18th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $300.00 price objective on shares of Transdigm Group in a research note on Saturday, April 22nd. 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 assigned a strong buy rating to the company’s stock. Transdigm Group presently has an average rating of “Buy” and an average price target of $290.49.
In other news, insider Jorge Valladares sold 6,000 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was 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 owns 15,000 shares of the company’s stock, valued at $3,982,950. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 18,000 shares of company stock valued at $4,952,017. 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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