Transdigm Group Incorporated (TDG) Shares Sold by Virginia Retirement Systems ET AL
Virginia Retirement Systems ET AL reduced its position in Transdigm Group Incorporated (NYSE:TDG) by 2.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,500 shares of the company’s stock after selling 1,700 shares during the period. Virginia Retirement Systems ET AL’s holdings in Transdigm Group were worth $19,805,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in TDG. Fifth Third Bancorp boosted its position in Transdigm Group by 2.1% in the second quarter. Fifth Third Bancorp now owns 578 shares of the company’s stock worth $152,000 after buying an additional 12 shares in the last quarter. Advisory Services Network LLC boosted its position in Transdigm Group by 341.5% in the second quarter. Advisory Services Network LLC now owns 702 shares of the company’s stock valued at $185,000 after buying an additional 543 shares during the period. Tower Research Capital LLC TRC acquired a new position in Transdigm Group during the second quarter valued at approximately $196,000. Athena Capital Advisors LLC acquired a new position in Transdigm Group during the third quarter valued at approximately $202,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in Transdigm Group during the second quarter valued at approximately $211,000.
Shares of Transdigm Group Incorporated (NYSE:TDG) opened at 253.61 on Friday. The stock’s 50 day moving average price is $251.48 and its 200-day moving average price is $270.25. The company has a market cap of $13.53 billion, a P/E ratio of 24.41 and a beta of 0.55. Transdigm Group Incorporated has a 52-week low of $180.76 and a 52-week high of $294.38.
Transdigm Group (NYSE:TDG) last issued its quarterly earnings results on Monday, November 14th. The company reported $3.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.20 by $0.09. The business had revenue of $875.20 million for the quarter, compared to the consensus estimate of $884.26 million. Transdigm Group had a negative return on equity of 71.44% and a net margin of 17.30%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.83 earnings per share. Equities analysts expect that Transdigm Group Incorporated will post $12.13 EPS for the current year.
Several research firms recently issued reports on TDG. Royal Bank Of Canada began coverage on Transdigm Group in a research report on Thursday. They set an “outperform” rating and a $316.00 price target on the stock. RBC Capital Markets initiated coverage on Transdigm Group in a report on Wednesday. They set an “outperform” rating and a $316.00 price target on the stock. Canaccord Genuity reissued a “buy” rating and set a $325.00 price target on shares of Transdigm Group in a report on Thursday, January 5th. Deutsche Bank AG raised their price target on Transdigm Group from $290.00 to $305.00 and gave the company a “buy” rating in a report on Monday, December 5th. Finally, Jefferies Group set a $306.00 price target on Transdigm Group and gave the company a “buy” rating in a report on Thursday, November 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. Transdigm Group currently has an average rating of “Buy” and an average price target of $271.08.
In related news, VP Robert S. Henderson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $250.23, for a total transaction of $2,502,300.00. Following the sale, the vice president now owns 20,000 shares of the company’s stock, valued at $5,004,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Graff sold 3,928 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 9,580 shares in the company, valued at approximately $2,407,741.40. The disclosure for this sale can be found here. Corporate insiders own 9.30% 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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