Oak Ridge Investments LLC Raises Position in Transdigm Group Incorporated (TDG)
Oak Ridge Investments LLC increased its holdings in Transdigm Group Incorporated (NYSE:TDG) by 7.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,009 shares of the aerospace company’s stock after acquiring an additional 2,376 shares during the quarter. Oak Ridge Investments LLC owned about 0.07% of Transdigm Group worth $9,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Transdigm Group by 3.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock worth $103,000 after acquiring an additional 14 shares in the last quarter. Korea Investment CORP increased its stake in shares of Transdigm Group by 142.6% in the 2nd quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock worth $133,000 after acquiring an additional 291 shares in the last quarter. Neville Rodie & Shaw Inc. bought a new position in shares of Transdigm Group in the 2nd quarter worth about $200,000. Plancorp LLC bought a new position in shares of Transdigm Group in the 2nd quarter worth about $213,000. Finally, First Capital Advisors Group LLC. bought a new position in shares of Transdigm Group in the 2nd quarter worth about $220,000.
Several brokerages recently issued reports on TDG. Canaccord Genuity reiterated a “buy” rating and issued a $300.00 price target on shares of Transdigm Group in a research note on Thursday, May 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $283.00 price target on shares of Transdigm Group in a research note on Friday, July 14th. Zacks Investment Research lowered shares of Transdigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Vertical Research reiterated a “buy” rating and issued a $316.00 price target (up from $280.00) on shares of Transdigm Group in a research note on Thursday, August 10th. Finally, BidaskClub lowered shares of Transdigm Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $297.52.
In other Transdigm Group news, insider Jorge Valladares sold 100 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $276.00, for a total value of $27,600.00. Following the completion of the transaction, the insider now directly owns 9,100 shares in the company, valued at $2,511,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raymond F. Laubenthal sold 6,000 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $281.81, for a total transaction of $1,690,860.00. Following the transaction, the director now owns 75,701 shares in the company, valued at approximately $21,333,298.81. The disclosure for this sale can be found here. Insiders sold 18,000 shares of company stock valued at $5,024,197 over the last quarter. 10.52% of the stock is currently owned by corporate insiders.
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Shares of Transdigm Group Incorporated (NYSE:TDG) traded up 1.088% during mid-day trading on Monday, hitting $256.785. 61,722 shares of the stock were exchanged. The stock’s 50 day moving average is $274.37 and its 200-day moving average is $257.32. Transdigm Group Incorporated has a 12 month low of $203.72 and a 12 month high of $295.00. The stock has a market cap of $13.33 billion, a PE ratio of 28.532 and a beta of 0.54.
Transdigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 8th. The aerospace company reported $3.30 EPS for the quarter, topping the Zacks’ consensus estimate of $2.98 by $0.32. The business had revenue of $907.67 million during the quarter, compared to the consensus estimate of $903.99 million. Transdigm Group had a net margin of 14.47% and a negative return on equity of 40.12%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.09 earnings per share. On average, analysts anticipate that Transdigm Group Incorporated will post $12.30 EPS for the current year.
The company also recently announced a special dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, September 5th will be issued a $22.00 dividend. The ex-dividend date is Thursday, August 31st.
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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