Pathstone Family Office LLC held its stake in shares of Transdigm Group Incorporated (NYSE:TDG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6 shares of the aerospace company’s stock at the end of the second quarter. Pathstone Family Office LLC’s holdings in Transdigm Group were worth $1,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of the business. LS Investment Advisors LLC boosted its position in 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 period. Northwestern Mutual Wealth Management Co. boosted its position in Transdigm Group by 3.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock valued at $103,000 after buying an additional 14 shares during the period. Profund Advisors LLC boosted its position in Transdigm Group by 1.1% in the 2nd quarter. Profund Advisors LLC now owns 1,334 shares of the aerospace company’s stock valued at $359,000 after buying an additional 15 shares during the period. Thrivent Financial For Lutherans boosted its position in Transdigm Group by 1.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,850 shares of the aerospace company’s stock valued at $497,000 after buying an additional 20 shares during the period. Finally, Pacer Advisors Inc. boosted its position in Transdigm Group by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 1,023 shares of the aerospace company’s stock valued at $225,000 after buying an additional 33 shares during the period.
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TDG has been the subject of several recent research reports. Cowen and Company reissued a “market perform” rating and issued a $290.00 price target (up previously from $219.00) on shares of Transdigm Group in a research report on Thursday, August 10th. Zacks Investment Research cut shares of Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, June 5th. BidaskClub cut shares of Transdigm Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Canaccord Genuity reissued a “buy” rating and issued a $300.00 price target on shares of Transdigm Group in a research report on Thursday, May 25th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $283.00 price target on shares of Transdigm Group in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $297.52.
Shares of Transdigm Group Incorporated (NYSE:TDG) traded down 1.38% during midday trading on Wednesday, reaching $261.54. 322,731 shares of the company traded hands. The company has a 50 day moving average of $269.22 and a 200 day moving average of $257.59. Transdigm Group Incorporated has a 12 month low of $203.72 and a 12 month high of $295.00. The firm has a market capitalization of $13.58 billion, a P/E ratio of 29.06 and a beta of 0.54.
Transdigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.32. The firm had revenue of $907.67 million for the quarter, compared to analysts’ expectations of $903.99 million. Transdigm Group had a net margin of 14.47% and a negative return on equity of 40.12%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.09 earnings per share. On average, equities research analysts predict that Transdigm Group Incorporated will post $12.30 earnings per share for the current fiscal year.
The business also recently declared a special dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, September 5th were issued a $22.00 dividend. The ex-dividend date was Thursday, August 31st.
In related news, Director Raymond F. Laubenthal sold 6,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $21,333,298.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jorge Valladares sold 100 shares of the company’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $276.00, for a total transaction of $27,600.00. Following the completion of the sale, the insider now directly owns 9,100 shares in the company, valued at $2,511,600. The disclosure for this sale can be found here. Insiders sold 24,000 shares of company stock worth $6,549,337 over the last ninety days. 10.52% of the stock is currently owned by corporate insiders.
About Transdigm Group
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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