Capital International Inc. CA increased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 167,552 shares of the aerospace company’s stock after buying an additional 852 shares during the quarter. TransDigm Group comprises approximately 1.3% of Capital International Inc. CA’s portfolio, making the stock its 20th largest holding. Capital International Inc. CA’s holdings in TransDigm Group were worth $93,829,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of TDG. Capital Research Global Investors raised its position in TransDigm Group by 14.9% in the fourth quarter. Capital Research Global Investors now owns 2,266,730 shares of the aerospace company’s stock worth $1,269,369,000 after purchasing an additional 293,880 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of TransDigm Group by 91.8% during the fourth quarter. Westfield Capital Management Co. LP now owns 434,524 shares of the aerospace company’s stock worth $243,333,000 after buying an additional 207,933 shares in the last quarter. Capital World Investors increased its holdings in shares of TransDigm Group by 7.7% during the fourth quarter. Capital World Investors now owns 2,834,900 shares of the aerospace company’s stock worth $1,587,544,000 after buying an additional 203,021 shares in the last quarter. Fred Alger Management LLC increased its holdings in shares of TransDigm Group by 68.6% during the fourth quarter. Fred Alger Management LLC now owns 436,776 shares of the aerospace company’s stock worth $244,595,000 after buying an additional 177,685 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of TransDigm Group by 146.5% during the fourth quarter. Bank of America Corp DE now owns 241,839 shares of the aerospace company’s stock worth $135,430,000 after buying an additional 143,722 shares in the last quarter. 99.18% of the stock is owned by hedge funds and other institutional investors.
In other news, Chairman W Nicholas Howley sold 17,083 shares of the stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $590.70, for a total transaction of $10,090,928.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William Dries acquired 1,000 shares of TransDigm Group stock in a transaction on Friday, March 13th. The stock was acquired at an average cost of $425.31 per share, for a total transaction of $425,310.00. Following the completion of the purchase, the director now owns 2,316 shares of the company’s stock, valued at approximately $985,017.96. The disclosure for this purchase can be found here. Insiders have sold 69,584 shares of company stock worth $40,631,651 over the last three months. 7.51% of the stock is owned by insiders.
TDG has been the subject of several recent analyst reports. Robert W. Baird raised their price objective on shares of TransDigm Group from $610.00 to $620.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Barclays reaffirmed a “buy” rating on shares of TransDigm Group in a report on Sunday. Bank of America lowered shares of TransDigm Group from a “buy” rating to an “underperform” rating in a report on Wednesday, March 18th. UBS Group raised their price objective on shares of TransDigm Group from $645.00 to $685.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Credit Suisse Group raised their price objective on shares of TransDigm Group from $589.13 to $693.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $591.77.
Shares of TDG traded up $49.67 during mid-day trading on Thursday, hitting $399.76. 44,709 shares of the company traded hands, compared to its average volume of 1,275,482. TransDigm Group Incorporated has a one year low of $200.06 and a one year high of $673.51. The business has a 50-day moving average of $526.17 and a 200 day moving average of $552.61. The stock has a market capitalization of $17.49 billion, a price-to-earnings ratio of 31.07, a PEG ratio of 2.55 and a beta of 1.07.
TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $4.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.13 by $0.80. TransDigm Group had a net margin of 13.87% and a negative return on equity of 45.77%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the firm earned $3.85 earnings per share. TransDigm Group’s revenue was up 47.5% compared to the same quarter last year. As a group, analysts anticipate that TransDigm Group Incorporated will post 17.02 EPS for the current year.
TransDigm Group Company Profile
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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