Westfield Capital Management Co. LP boosted its stake in Transdigm Group Incorporated (NYSE:TDG) by 5.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 343,619 shares of the aerospace company’s stock after purchasing an additional 18,180 shares during the quarter. Westfield Capital Management Co. LP owned about 0.66% of Transdigm Group worth $92,389,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in Transdigm Group by 3.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock valued at $103,000 after purchasing an additional 14 shares in the last quarter. Korea Investment CORP raised its stake in Transdigm Group by 142.6% in the second quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock valued at $133,000 after purchasing an additional 291 shares in the last quarter. Neville Rodie & Shaw Inc. acquired a new position in Transdigm Group in the second quarter valued at about $200,000. Laurion Capital Management LP acquired a new position in Transdigm Group in the second quarter valued at about $205,000. Finally, Plancorp LLC acquired a new position in Transdigm Group in the second quarter valued at about $213,000.
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In related news, insider Jorge Valladares sold 5,900 shares of the firm’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $278.03, for a total transaction of $1,640,377.00. Following the transaction, the insider now directly owns 14,900 shares of the company’s stock, valued at approximately $4,142,647. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Raymond F. Laubenthal sold 6,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 75,701 shares in the company, valued at $21,333,298.81. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,000 shares of company stock worth $5,024,197. 10.52% of the stock is currently owned by insiders.
A number of research firms recently commented on TDG. Cowen and Company reaffirmed a “market perform” rating and issued a $290.00 price target (up previously from $219.00) on shares of Transdigm Group in a research note on Thursday, August 10th. Vertical Research reaffirmed a “buy” rating and issued a $316.00 price target (up previously from $280.00) on shares of Transdigm Group in a research note on Thursday, August 10th. Jefferies Group LLC boosted their price target on Transdigm Group from $283.00 to $322.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Canaccord Genuity reissued a “buy” rating and set a $330.00 target price on shares of Transdigm Group in a research note on Friday. Finally, Deutsche Bank AG boosted their target price on Transdigm Group from $305.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $297.52.
Transdigm Group Incorporated (TDG) traded up 0.56% on Friday, hitting $256.15. The stock had a trading volume of 633,932 shares. The stock has a market capitalization of $13.30 billion, a price-to-earnings ratio of 28.46 and a beta of 0.54. The company has a 50-day moving average price of $270.22 and a 200-day moving average price of $257.31. Transdigm Group Incorporated has a 1-year low of $203.72 and a 1-year high of $295.00.
Transdigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.98 by $0.32. The company had revenue of $907.67 million for the quarter, compared to analysts’ expectations of $903.99 million. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. Transdigm Group’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the firm posted $3.09 EPS. Equities analysts predict that Transdigm Group Incorporated will post $12.30 earnings per share for the current year.
The company also recently disclosed a special dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, September 5th were issued a dividend of $22.00 per share. The ex-dividend date of this dividend was Thursday, August 31st.
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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