AlpInvest Partners B.V. purchased a new stake in TransDigm Group Incorporated (NYSE:TDG – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,689 shares of the aerospace company’s stock, valued at approximately $5,471,000. TransDigm Group comprises 1.5% of AlpInvest Partners B.V.’s investment portfolio, making the stock its 13th largest position.
A number of other institutional investors and hedge funds have also recently bought and sold shares of TDG. Thrivent Financial for Lutherans boosted its position in TransDigm Group by 0.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,212 shares of the aerospace company’s stock valued at $1,393,000 after purchasing an additional 14 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in TransDigm Group by 1.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 853 shares of the aerospace company’s stock valued at $537,000 after purchasing an additional 14 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in TransDigm Group by 1.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 1,651 shares of the aerospace company’s stock valued at $1,040,000 after purchasing an additional 16 shares during the last quarter. Intech Investment Management LLC boosted its position in TransDigm Group by 1.0% during the fourth quarter. Intech Investment Management LLC now owns 1,658 shares of the aerospace company’s stock valued at $1,044,000 after purchasing an additional 16 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in TransDigm Group by 2.4% during the third quarter. Captrust Financial Advisors now owns 729 shares of the aerospace company’s stock valued at $383,000 after purchasing an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.
Insider Transactions at TransDigm Group
In other news, Director W Nicholas Howley sold 6,500 shares of the stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $701.38, for a total value of $4,558,970.00. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $15,113,336.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Sarah Wynne sold 180 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $720.41, for a total value of $129,673.80. Following the completion of the transaction, the chief accounting officer now owns 700 shares in the company, valued at approximately $504,287. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Nicholas Howley sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $701.38, for a total transaction of $4,558,970.00. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $15,113,336.24. The disclosure for this sale can be found here. Insiders have sold 26,074 shares of company stock valued at $19,663,423 in the last three months. 7.18% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
TransDigm Group Stock Performance
Shares of TDG stock traded up $7.08 during trading hours on Friday, hitting $793.79. The company had a trading volume of 42,852 shares, compared to its average volume of 309,420. TransDigm Group Incorporated has a 12 month low of $499.63 and a 12 month high of $831.58. The firm has a market capitalization of $43.60 billion, a price-to-earnings ratio of 47.02, a PEG ratio of 1.44 and a beta of 1.37. The firm’s fifty day moving average is $757.69 and its 200 day moving average is $702.05.
TransDigm Group (NYSE:TDG – Get Rating) last released its quarterly earnings data on Tuesday, May 9th. The aerospace company reported $5.98 earnings per share for the quarter, beating the consensus estimate of $4.98 by $1.00. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.53 billion. TransDigm Group had a negative return on equity of 34.11% and a net margin of 17.57%. The company’s revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.29 EPS. On average, sell-side analysts expect that TransDigm Group Incorporated will post 21.57 EPS for the current fiscal year.
About TransDigm Group
TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe, and Non-Aviation. The Power and 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.
Further Reading
- Get a free copy of the StockNews.com research report on TransDigm Group (TDG)
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