Rhumbline Advisers lowered its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,337 shares of the aerospace company’s stock after selling 2,723 shares during the period. Rhumbline Advisers’ holdings in TransDigm Group were worth $33,260,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TDG. First Hawaiian Bank acquired a new stake in TransDigm Group during the third quarter worth $117,000. Fort L.P. acquired a new stake in TransDigm Group during the second quarter worth $123,000. Asset Advisors Investment Management LLC acquired a new stake in TransDigm Group during the third quarter worth $186,000. Piedmont Investment Advisors LLC acquired a new stake in TransDigm Group during the second quarter worth $190,000. Finally, JMG Financial Group Ltd. acquired a new stake in TransDigm Group during the second quarter worth $203,000.

Shares of NYSE:TDG opened at $337.87 on Tuesday. TransDigm Group Incorporated has a 52 week low of $263.17 and a 52 week high of $377.67. The firm has a market capitalization of $18.34 billion, a PE ratio of 19.89, a PEG ratio of 1.53 and a beta of 0.89.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, November 6th. The aerospace company reported $4.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.05 by $0.39. TransDigm Group had a negative return on equity of 35.67% and a net margin of 23.64%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the business posted $3.48 earnings per share. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. Sell-side analysts expect that TransDigm Group Incorporated will post 15.61 earnings per share for the current fiscal year.

In related news, insider James Skulina sold 15,000 shares of TransDigm Group stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $345.46, for a total value of $5,181,900.00. Following the completion of the transaction, the insider now directly owns 19,000 shares of the company’s stock, valued at $6,563,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Raymond F. Laubenthal sold 11,900 shares of TransDigm Group stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $326.65, for a total value of $3,887,135.00. Following the completion of the transaction, the director now directly owns 25,193 shares of the company’s stock, valued at $8,229,293.45. The disclosure for this sale can be found here. Insiders sold 48,800 shares of company stock valued at $17,012,044 over the last ninety days. 11.45% of the stock is currently owned by company insiders.

Several brokerages have recently commented on TDG. SunTrust Banks boosted their target price on shares of TransDigm Group to $436.00 and gave the company a “buy” rating in a research note on Thursday, October 11th. Robert W. Baird downgraded shares of TransDigm Group from an “outperform” rating to a “neutral” rating and set a $365.00 target price on the stock. in a research note on Thursday, October 11th. Berenberg Bank began coverage on shares of TransDigm Group in a research note on Friday, September 28th. They issued a “buy” rating and a $420.00 target price on the stock. UBS Group began coverage on shares of TransDigm Group in a research note on Wednesday, August 15th. They issued a “buy” rating and a $430.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of TransDigm Group from $330.00 to $365.00 and gave the company an “underweight” rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $378.40.

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About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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

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