Transdigm Group Incorporated (NYSE:TDG) Shares Bought by OppenheimerFunds Inc.
OppenheimerFunds Inc. raised its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 19.8% during the first quarter, Holdings Channel reports. The firm owned 1,702 shares of the aerospace company’s stock after buying an additional 281 shares during the period. OppenheimerFunds Inc.’s holdings in Transdigm Group were worth $375,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. raised its stake in Transdigm Group by 3.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 499 shares of the aerospace company’s stock valued at $126,000 after buying an additional 18 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in Transdigm Group by 5.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,423 shares of the aerospace company’s stock valued at $293,000 after buying an additional 72 shares during the period. Federated Investors Inc. PA raised its stake in Transdigm Group by 197.9% in the fourth quarter. Federated Investors Inc. PA now owns 1,284 shares of the aerospace company’s stock valued at $320,000 after buying an additional 853 shares during the period. AQR Capital Management LLC raised its stake in Transdigm Group by 108.1% in the fourth quarter. AQR Capital Management LLC now owns 6,543 shares of the aerospace company’s stock valued at $1,629,000 after buying an additional 3,399 shares during the period. Finally, Nationwide Fund Advisors raised its stake in Transdigm Group by 30.8% in the first quarter. Nationwide Fund Advisors now owns 91,214 shares of the aerospace company’s stock valued at $20,082,000 after buying an additional 21,499 shares during the period.
Transdigm Group Incorporated (NYSE:TDG) opened at 283.86 on Friday. The firm has a market capitalization of $14.77 billion, a price-to-earnings ratio of 32.21 and a beta of 0.55. The company has a 50 day moving average price of $270.99 and a 200-day moving average price of $248.95. Transdigm Group Incorporated has a 1-year low of $203.72 and a 1-year high of $294.38.
Transdigm Group (NYSE:TDG) last issued its earnings results on Tuesday, May 9th. The aerospace company reported $3.02 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.17. The company had revenue of $873.23 million during the quarter, compared to analysts’ expectations of $894.37 million. Transdigm Group had a negative return on equity of 47.38% and a net margin of 14.10%. Transdigm Group’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.86 EPS. On average, analysts forecast that Transdigm Group Incorporated will post $12.29 EPS for the current fiscal year.
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TDG has been the topic of several research analyst reports. Morgan Stanley reaffirmed a “neutral” rating and issued a $240.00 price objective (down from $265.00) on shares of Transdigm Group in a research note on Friday, March 24th. Barclays PLC reissued an “overweight” rating and set a $310.00 price target on shares of Transdigm Group in a research note on Tuesday, March 28th. Zacks Investment Research lowered Transdigm Group from a “buy” rating to a “sell” rating in a research note on Monday, April 17th. Jefferies Group LLC reissued a “buy” rating and set a $298.00 price target on shares of Transdigm Group in a research note on Monday, May 8th. Finally, Canaccord Genuity reissued a “buy” rating and set a $300.00 price target on shares of Transdigm Group in a research note on Saturday, April 22nd. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $285.43.
In related news, insider Jorge Valladares sold 6,000 shares of the stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $245.00, for a total transaction of $1,470,000.00. Following the completion of the sale, the insider now directly owns 15,000 shares in the company, valued at approximately $3,675,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 24,000 shares of company stock valued at $6,422,017 over the last 90 days. 10.52% of the stock is currently owned by company insiders.
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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