M&T Bank Corp reduced its stake in TransDigm Group Inc. (NYSE:TDG) by 2.5% during the third quarter, Holdings Channel reports. The firm owned 13,561 shares of the company’s stock after selling 352 shares during the period. M&T Bank Corp’s holdings in TransDigm Group were worth $3,922,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Prudential Financial Inc. boosted its stake in TransDigm Group by 6.4% in the first quarter. Prudential Financial Inc. now owns 3,473 shares of the company’s stock valued at $765,000 after buying an additional 210 shares during the period. Barclays PLC boosted its stake in TransDigm Group by 2.5% in the first quarter. Barclays PLC now owns 3,947 shares of the company’s stock valued at $868,000 after buying an additional 95 shares during the period. Seven Eight Capital LLC acquired a new stake in TransDigm Group during the first quarter valued at $195,000. BNP Paribas Arbitrage SA boosted its stake in TransDigm Group by 60.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,325 shares of the company’s stock valued at $2,459,000 after buying an additional 3,499 shares during the period. Finally, British Columbia Investment Management Corp boosted its stake in TransDigm Group by 12.9% in the second quarter. British Columbia Investment Management Corp now owns 38,027 shares of the company’s stock valued at $10,027,000 after buying an additional 4,339 shares during the period.

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

TransDigm Group Inc. (NYSE:TDG) traded up 0.07% during mid-day trading on Tuesday, hitting $258.67. The company’s stock had a trading volume of 520,516 shares. The company has a market cap of $13.80 billion, a P/E ratio of 24.90 and a beta of 0.61. TransDigm Group Inc. has a 12-month low of $180.76 and a 12-month high of $294.38. The firm’s 50-day moving average is $267.57 and its 200-day moving average is $272.01.

TransDigm Group (NYSE:TDG) last posted its earnings results on Monday, November 14th. The company reported $3.29 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $0.09. The company earned $875.20 million during the quarter, compared to analyst estimates of $884.26 million. TransDigm Group had a negative return on equity of 71.44% and a net margin of 17.30%. TransDigm Group’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.83 earnings per share. Analysts predict that TransDigm Group Inc. will post $12.30 EPS for the current fiscal year.

The business also recently announced a special dividend, which was paid on Tuesday, November 1st. Shareholders of record on Monday, October 24th were issued a dividend of $24.00 per share. The ex-dividend date of this dividend was Thursday, October 20th.

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Several equities research analysts have weighed in on TDG shares. Barclays PLC increased their price objective on TransDigm Group from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Wednesday, August 10th. Deutsche Bank AG increased their price objective on TransDigm Group from $260.00 to $300.00 and gave the stock a “hold” rating in a report on Wednesday, August 10th. Zacks Investment Research lowered TransDigm Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. Canaccord Genuity reissued a “buy” rating and issued a $325.00 target price on shares of TransDigm Group in a research report on Wednesday, September 7th. Finally, Jefferies Group initiated coverage on TransDigm Group in a research report on Thursday, September 22nd. They issued a “buy” rating and a $340.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. TransDigm Group currently has a consensus rating of “Hold” and an average target price of $262.33.

In other news, VP Robert S. Henderson sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $271.09, for a total transaction of $2,710,900.00. Following the transaction, the vice president now directly owns 20,000 shares of the company’s stock, valued at $5,421,800. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael Graff sold 3,928 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $251.33, for a total value of $987,224.24. Following the transaction, the director now directly owns 9,580 shares in the company, valued at $2,407,741.40. The disclosure for this sale can be found here. Company insiders own 9.30% of the company’s stock.

TransDigm Group Company Profile

TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its 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.

5 Day Chart for NYSE:TDG

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