D.A. Davidson & CO. cut its holdings in Transdigm Group Incorporated (NYSE:TDG) by 6.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 506 shares of the aerospace company’s stock after selling 33 shares during the period. D.A. Davidson & CO.’s holdings in Transdigm Group were worth $136,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its position in shares of Transdigm Group by 0.9% in the 2nd quarter. BlackRock Inc. now owns 3,992,584 shares of the aerospace company’s stock worth $1,073,487,000 after acquiring an additional 37,025 shares in the last quarter. State Street Corp raised its position in shares of Transdigm Group by 1.7% in the 1st quarter. State Street Corp now owns 2,229,338 shares of the aerospace company’s stock worth $490,796,000 after acquiring an additional 36,321 shares in the last quarter. Morgan Stanley raised its position in shares of Transdigm Group by 37.7% in the 1st quarter. Morgan Stanley now owns 1,408,740 shares of the aerospace company’s stock worth $310,149,000 after acquiring an additional 385,775 shares in the last quarter. Blue Ridge Capital L.L.C. raised its position in shares of Transdigm Group by 18.1% in the 1st quarter. Blue Ridge Capital L.L.C. now owns 1,390,400 shares of the aerospace company’s stock worth $306,110,000 after acquiring an additional 212,800 shares in the last quarter. Finally, Janus Capital Management LLC raised its position in shares of Transdigm Group by 12.6% in the 1st quarter. Janus Capital Management LLC now owns 580,783 shares of the aerospace company’s stock worth $127,865,000 after acquiring an additional 64,836 shares in the last quarter.

TDG has been the subject of several research analyst reports. Vertical Research reissued a “buy” rating and issued a $316.00 price objective (up from $280.00) on shares of Transdigm Group in a research report on Thursday, August 10th. Deutsche Bank AG reissued 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 reissued a “buy” rating and issued a $330.00 price objective (up from $300.00) on shares of Transdigm Group in a research report on Wednesday, August 9th. Jefferies Group LLC lifted their price objective on Transdigm Group from $283.00 to $322.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Finally, BidaskClub lowered 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 issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Transdigm Group currently has an average rating of “Buy” and a consensus target price of $295.58.

Shares of Transdigm Group Incorporated (NYSE TDG) opened at 266.40 on Tuesday. Transdigm Group Incorporated has a 52 week low of $203.72 and a 52 week high of $295.00. The stock has a 50 day moving average price of $261.73 and a 200 day moving average price of $260.33. The firm has a market capitalization of $13.83 billion, a P/E ratio of 29.60 and a beta of 0.53.

Transdigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.98 by $0.32. Transdigm Group had a net margin of 14.47% and a negative return on equity of 40.12%. The company had revenue of $907.67 million during the quarter, compared to the consensus estimate of $903.99 million. During the same period in the prior year, the firm earned $3.09 earnings per share. Transdigm Group’s revenue was up 13.8% on a year-over-year basis. Analysts forecast that Transdigm Group Incorporated will post $12.30 EPS for the current year.

The firm also recently announced a special dividend, which was paid on Tuesday, September 12th. Shareholders of record on Tuesday, September 5th were paid a dividend of $22.00 per share. The ex-dividend date of this dividend was Thursday, August 31st.

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In other Transdigm Group news, insider Jorge Valladares sold 5,900 shares of the firm’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 transaction of $1,640,377.00. Following the completion of the transaction, the insider now owns 14,900 shares of the company’s stock, valued at $4,142,647. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $254.19, for a total transaction of $1,525,140.00. Following the transaction, the director now directly owns 75,701 shares of the company’s stock, valued at approximately $19,242,437.19. The disclosure for this sale can be found here. Insiders have sold 24,000 shares of company stock valued at $6,549,337 in the last ninety days. Insiders own 10.52% of the company’s stock.

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.

Institutional Ownership by Quarter for Transdigm Group (NYSE:TDG)

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