First Capital Advisors Group LLC. Purchases Shares of 820 Transdigm Group Incorporated (TDG)
First Capital Advisors Group LLC. purchased a new position in shares of Transdigm Group Incorporated (NYSE:TDG) during the second quarter, Holdings Channel reports. The fund purchased 820 shares of the aerospace company’s stock, valued at approximately $220,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Chevy Chase Trust Holdings Inc. boosted its position 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 in the last quarter. Gulf International Bank UK Ltd boosted its position 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 in the last quarter. National Pension Service boosted its position 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 in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Transdigm Group during the first quarter worth $616,000. Finally, Gateway Investment Advisers LLC boosted its position 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 in the last quarter.
Shares of Transdigm Group Incorporated (NYSE:TDG) opened at 273.38 on Friday. The firm has a market capitalization of $14.19 billion, a price-to-earnings ratio of 30.38 and a beta of 0.56. The firm has a 50-day moving average price of $276.64 and a 200-day moving average price of $252.43. Transdigm Group Incorporated has a 52 week low of $203.72 and a 52 week high of $295.00.
Transdigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.32. The company had revenue of $907.67 million for the quarter, compared to analyst estimates of $903.99 million. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. Transdigm Group’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.09 earnings per share. On average, equities analysts expect that Transdigm Group Incorporated will post $12.30 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on TDG shares. Stephens started coverage on Transdigm Group in a research report on Thursday, April 13th. They issued an “equal weight” rating and a $233.00 price target for the company. Deutsche Bank AG restated a “neutral” rating on shares of Transdigm Group in a research report on Friday, April 14th. Zacks Investment Research cut Transdigm Group from a “buy” rating to a “sell” rating in a research report on Monday, April 17th. Royal Bank Of Canada restated a “buy” rating and issued a $316.00 price target on shares of Transdigm Group in a research report on Tuesday, April 18th. Finally, Canaccord Genuity restated a “buy” rating and issued a $300.00 price target on shares of Transdigm Group in a research report on Saturday, April 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $297.52.
In related news, Director Raymond F. Laubenthal sold 6,000 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $281.81, for a total transaction of $1,690,860.00. Following the transaction, the director now directly owns 75,701 shares of the company’s stock, valued at $21,333,298.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jorge Valladares sold 5,900 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $278.03, for a total value of $1,640,377.00. Following the transaction, the insider now directly owns 14,900 shares in the company, valued at $4,142,647. The disclosure for this sale can be found here. Insiders have sold 18,000 shares of company stock worth $4,952,017 over the last three months. 10.52% of the stock is owned by insiders.
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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