Three Peaks Capital Management LLC Invests $8.28 Million in TransDigm Group Incorporated (TDG)

Three Peaks Capital Management LLC purchased a new position in TransDigm Group Incorporated (NYSE:TDG) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,962 shares of the aerospace company’s stock, valued at approximately $8,276,000.

Several other hedge funds have also bought and sold shares of the company. Rampart Investment Management Company LLC raised its stake in shares of TransDigm Group by 176.2% in the first quarter. Rampart Investment Management Company LLC now owns 1,657 shares of the aerospace company’s stock worth $509,000 after purchasing an additional 1,057 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of TransDigm Group by 7.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 7,468 shares of the aerospace company’s stock worth $2,292,000 after acquiring an additional 490 shares during the period. Westfield Capital Management Co. LP grew its holdings in shares of TransDigm Group by 4.2% in the first quarter. Westfield Capital Management Co. LP now owns 249,849 shares of the aerospace company’s stock worth $76,689,000 after acquiring an additional 10,084 shares during the period. Principal Financial Group Inc. grew its holdings in shares of TransDigm Group by 0.7% in the first quarter. Principal Financial Group Inc. now owns 2,830,439 shares of the aerospace company’s stock worth $868,776,000 after acquiring an additional 21,036 shares during the period. Finally, Skye Global Management LP bought a new stake in shares of TransDigm Group in the first quarter worth $1,842,000.

Shares of TDG stock opened at $339.79 on Thursday. TransDigm Group Incorporated has a 1 year low of $249.57 and a 1 year high of $339.97. The company has a current ratio of 3.04, a quick ratio of 2.09 and a debt-to-equity ratio of -4.92. The company has a market cap of $17.63 billion, a price-to-earnings ratio of 28.29, a P/E/G ratio of 1.72 and a beta of 0.80.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.28. TransDigm Group had a negative return on equity of 28.60% and a net margin of 19.77%. The business had revenue of $933.10 million for the quarter, compared to the consensus estimate of $930.30 million. During the same period in the prior year, the business posted $3.03 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. equities research analysts anticipate that TransDigm Group Incorporated will post 17.17 earnings per share for the current fiscal year.

Several analysts recently commented on the company. ValuEngine lowered TransDigm Group from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Cowen reaffirmed a “hold” rating on shares of TransDigm Group in a report on Tuesday, May 1st. Wolfe Research lowered TransDigm Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 15th. SunTrust Banks boosted their price target on TransDigm Group to $335.00 and gave the company a “buy” rating in a report on Monday, April 16th. Finally, Stephens raised TransDigm Group to a “hold” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $331.00.

In other TransDigm Group news, insider Roger Jones sold 5,000 shares of the stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $323.78, for a total transaction of $1,618,900.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Jorge Valladares sold 3,250 shares of the stock in a transaction on Tuesday, April 10th. The shares were sold at an average price of $306.83, for a total value of $997,197.50. Following the sale, the executive vice president now directly owns 12,250 shares in the company, valued at approximately $3,758,667.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,600 shares of company stock worth $32,643,420. Company insiders own 10.52% of the company’s stock.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's 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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