Nationwide Fund Advisors Sells 15,942 Shares of Transdigm Group Incorporated (TDG)
Nationwide Fund Advisors lowered its holdings in Transdigm Group Incorporated (NYSE:TDG) by 17.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,272 shares of the aerospace company’s stock after selling 15,942 shares during the quarter. Nationwide Fund Advisors owned approximately 0.14% of Transdigm Group worth $20,238,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of TDG. American Century Companies Inc. raised its holdings in shares of Transdigm Group by 3.7% in 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. Meadow Creek Investment Management LLC grew its position in shares of Transdigm Group by 37.7% in the 1st quarter. Meadow Creek Investment Management LLC now owns 1,606 shares of the aerospace company’s stock worth $354,000 after buying an additional 440 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of Transdigm Group in the 1st quarter worth approximately $4,113,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Transdigm Group by 28.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,685 shares of the aerospace company’s stock worth $811,000 after buying an additional 810 shares during the last quarter. Finally, Eagle Asset Management Inc. purchased a new position in shares of Transdigm Group in the 1st quarter worth approximately $1,379,000.
In other Transdigm Group news, insider Jorge Valladares sold 5,900 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $278.03, for a total transaction of $1,640,377.00. Following the sale, the insider now owns 14,900 shares of the company’s stock, valued at $4,142,647. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 75,701 shares in the company, valued at approximately $21,333,298.81. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,000 shares of company stock worth $6,549,337. 10.52% of the stock is owned by corporate insiders.
Shares of Transdigm Group Incorporated (TDG) opened at 264.64 on Tuesday. Transdigm Group Incorporated has a 52-week low of $203.72 and a 52-week high of $295.00. The stock has a market cap of $13.74 billion, a P/E ratio of 29.40 and a beta of 0.54. The firm’s 50-day moving average is $269.70 and its 200 day moving average is $257.48.
Transdigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.32. Transdigm Group had a net margin of 14.47% and a negative return on equity of 40.12%. The company had revenue of $907.67 million for the quarter, compared to analysts’ expectations of $903.99 million. During the same quarter last year, the company earned $3.09 earnings per share. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Analysts forecast that Transdigm Group Incorporated will post $12.30 earnings per share for the current fiscal year.
The business also recently disclosed a special dividend, which was paid on Tuesday, September 12th. Shareholders of record on Tuesday, September 5th were issued a dividend of $22.00 per share. The ex-dividend date of this dividend was Thursday, August 31st.
A number of research analysts have recently issued reports on TDG shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Transdigm Group in a research report on Thursday, May 25th. Jefferies Group LLC lifted their price objective on shares of Transdigm Group from $283.00 to $322.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Deutsche Bank AG reaffirmed a “buy” rating and issued a $305.00 price objective on shares of Transdigm Group in a research report on Tuesday, June 13th. Zacks Investment Research raised shares of Transdigm Group from a “hold” rating to a “buy” rating and set a $303.00 price objective on the stock in a research report on Tuesday, June 6th. Finally, BidaskClub downgraded shares of Transdigm Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. One equities research 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. Transdigm Group currently has a consensus rating of “Buy” and a consensus target price of $297.52.
Transdigm Group 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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