KBC Group NV Has $18.95 Million Holdings in Transdigm Group Incorporated (TDG)
KBC Group NV raised its stake in Transdigm Group Incorporated (NYSE:TDG) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,135 shares of the aerospace company’s stock after purchasing an additional 1,612 shares during the period. KBC Group NV owned about 0.14% of Transdigm Group worth $18,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Transdigm Group by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,824,369 shares of the aerospace company’s stock valued at $1,297,129,000 after purchasing an additional 76,897 shares in the last quarter. Tiger Global Management LLC raised its position in Transdigm Group by 57.4% in the 2nd quarter. Tiger Global Management LLC now owns 4,000,000 shares of the aerospace company’s stock valued at $1,075,480,000 after purchasing an additional 1,459,272 shares in the last quarter. BlackRock Inc. raised its position in Transdigm Group by 0.9% in the 2nd quarter. BlackRock Inc. now owns 3,992,584 shares of the aerospace company’s stock valued at $1,073,487,000 after purchasing an additional 37,025 shares in the last quarter. Principal Financial Group Inc. raised its position in Transdigm Group by 1.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,677,120 shares of the aerospace company’s stock valued at $684,405,000 after purchasing an additional 35,010 shares in the last quarter. Finally, Capital International Investors raised its position in Transdigm Group by 51.8% in the 2nd quarter. Capital International Investors now owns 1,332,593 shares of the aerospace company’s stock valued at $358,294,000 after purchasing an additional 454,568 shares in the last quarter.
In other Transdigm Group news, CEO W Nicholas Howley sold 63,776 shares of Transdigm Group stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $268.60, for a total transaction of $17,130,233.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Raymond F. Laubenthal sold 6,000 shares of Transdigm Group stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $254.19, for a total value of $1,525,140.00. Following the transaction, the director now directly owns 75,701 shares in the company, valued at approximately $19,242,437.19. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 96,776 shares of company stock worth $25,777,794. 10.52% of the stock is currently owned by corporate insiders.
A number of equities research analysts have issued reports on the company. Deutsche Bank increased their price target on Transdigm Group from $305.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Credit Suisse Group raised their target price on Transdigm Group from $294.54 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Robert W. Baird reissued a “buy” rating and set a $300.00 target price on shares of Transdigm Group in a research report on Thursday, October 12th. Wolfe Research raised Transdigm Group from a “market perform” rating to an “outperform” rating in a research report on Friday, November 10th. Finally, Canaccord Genuity reissued a “buy” rating and set a $330.00 target price (up previously from $300.00) on shares of Transdigm Group in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $296.87.
Transdigm Group Incorporated (NYSE:TDG) traded down $4.20 on Friday, reaching $279.87. The company’s stock had a trading volume of 402,168 shares, compared to its average volume of 470,646. The firm has a market capitalization of $14,745.64, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 2.39 and a beta of 0.50. Transdigm Group Incorporated has a 52 week low of $203.72 and a 52 week high of $295.00. The company has a debt-to-equity ratio of -3.86, a quick ratio of 1.61 and a current ratio of 2.45.
Transdigm Group (NYSE:TDG) last released its quarterly earnings results on Thursday, November 9th. The aerospace company reported $3.48 EPS for the quarter, topping the consensus estimate of $3.18 by $0.30. The company had revenue of $923.89 million for the quarter, compared to analyst estimates of $959.77 million. Transdigm Group had a negative return on equity of 30.13% and a net margin of 12.44%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.29 earnings per share. sell-side analysts predict that Transdigm Group Incorporated will post 12.69 earnings per share for the current fiscal year.
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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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