ThornTree Capital Partners LP purchased a new stake in Transdigm Group Incorporated (NYSE:TDG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 44,900 shares of the aerospace company’s stock, valued at approximately $12,072,000. Transdigm Group comprises approximately 5.7% of ThornTree Capital Partners LP’s holdings, making the stock its 10th largest position. ThornTree Capital Partners LP owned about 0.09% of Transdigm Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. LS Investment Advisors LLC grew its position in shares of Transdigm Group by 0.3% in the 2nd quarter. LS Investment Advisors LLC now owns 2,263 shares of the aerospace company’s stock valued at $608,000 after buying an additional 6 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Transdigm Group by 3.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock valued at $103,000 after purchasing an additional 14 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Transdigm Group by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 1,023 shares of the aerospace company’s stock valued at $225,000 after purchasing an additional 33 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Transdigm Group by 5.2% during the 1st quarter. Thrivent Financial For Lutherans now owns 1,830 shares of the aerospace company’s stock valued at $403,000 after purchasing an additional 90 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Transdigm Group by 3.7% during the 1st quarter. American Century Companies Inc. now owns 3,439 shares of the aerospace company’s stock valued at $757,000 after purchasing an additional 122 shares in the last quarter.

In other Transdigm Group news, insider Jorge Valladares sold 5,900 shares of Transdigm Group stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $278.03, for a total transaction of $1,640,377.00. Following the sale, the insider now directly owns 14,900 shares of the company’s stock, valued at approximately $4,142,647. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Raymond F. Laubenthal sold 6,000 shares of Transdigm Group stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $281.81, for a total value of $1,690,860.00. Following the sale, the director now directly owns 75,701 shares in the company, valued at $21,333,298.81. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,000 shares of company stock worth $5,024,197. Insiders own 10.52% of the company’s stock.

Shares of Transdigm Group Incorporated (NYSE TDG) traded up 0.21% on Friday, reaching $255.25. The company’s stock had a trading volume of 202,990 shares. The company’s 50 day moving average price is $270.97 and its 200 day moving average price is $257.29. The company has a market cap of $13.25 billion, a P/E ratio of 28.36 and a beta of 0.54. Transdigm Group Incorporated has a 12-month low of $203.72 and a 12-month high of $295.00.

Transdigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.98 by $0.32. The business had revenue of $907.67 million for the quarter, compared to analysts’ expectations of $903.99 million. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.09 EPS. Analysts forecast that Transdigm Group Incorporated will post $12.30 EPS for the current fiscal year.

The company also recently disclosed a special dividend, which was paid on Tuesday, September 12th. Shareholders of record on Tuesday, September 5th were given a dividend of $22.00 per share. The ex-dividend date of this dividend was Thursday, August 31st.

Several equities research analysts recently commented on the company. Canaccord Genuity restated a “buy” rating and set a $300.00 target price on shares of Transdigm Group in a research report on Thursday, May 25th. Jefferies Group LLC restated a “buy” rating and set a $283.00 target price on shares of Transdigm Group in a research report on Friday, July 14th. Zacks Investment Research lowered Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Vertical Research restated a “buy” rating and set a $316.00 target price (up previously from $280.00) on shares of Transdigm Group in a research report on Thursday, August 10th. Finally, BidaskClub lowered Transdigm Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Transdigm Group currently has a consensus rating of “Buy” and a consensus target price of $297.52.

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

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