Dupont Capital Management Corp Has $10.79 Million Holdings in TransDigm Group Incorporated (NYSE:TDG)

Dupont Capital Management Corp cut its holdings in TransDigm Group Incorporated (NYSE:TDGFree Report) by 27.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,669 shares of the aerospace company’s stock after selling 4,109 shares during the quarter. Dupont Capital Management Corp’s holdings in TransDigm Group were worth $10,793,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDG. Compagnie Lombard Odier SCmA bought a new position in shares of TransDigm Group in the fourth quarter valued at $25,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in TransDigm Group during the third quarter worth $27,000. West Tower Group LLC bought a new position in TransDigm Group during the second quarter worth $29,000. Resurgent Financial Advisors LLC bought a new position in TransDigm Group during the fourth quarter worth $30,000. Finally, Optiver Holding B.V. bought a new position in TransDigm Group during the third quarter worth $35,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Stock Down 0.8 %

TransDigm Group stock opened at $1,203.79 on Wednesday. TransDigm Group Incorporated has a 52-week low of $714.98 and a 52-week high of $1,238.95. The business has a 50-day simple moving average of $1,160.95 and a two-hundred day simple moving average of $1,012.65. The company has a market cap of $66.94 billion, a P/E ratio of 51.09, a P/E/G ratio of 2.47 and a beta of 1.42.

TransDigm Group (NYSE:TDGGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the business posted $4.15 EPS. TransDigm Group’s revenue for the quarter was up 28.1% compared to the same quarter last year. Research analysts anticipate that TransDigm Group Incorporated will post 29.03 EPS for the current fiscal year.

Insider Activity

In other news, CFO Sarah Wynne sold 5,850 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $1,159.00, for a total value of $6,780,150.00. Following the transaction, the chief financial officer now directly owns 700 shares in the company, valued at $811,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director W Nicholas Howley sold 38,863 shares of TransDigm Group stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $1,015.05, for a total value of $39,447,888.15. Following the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $21,872,297.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sarah Wynne sold 5,850 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $1,159.00, for a total value of $6,780,150.00. Following the sale, the chief financial officer now directly owns 700 shares in the company, valued at $811,300. The disclosure for this sale can be found here. Insiders have sold 91,480 shares of company stock worth $100,102,829 over the last ninety days. Corporate insiders own 4.96% of the company’s stock.

Analyst Upgrades and Downgrades

TDG has been the subject of a number of research analyst reports. StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday. Royal Bank of Canada boosted their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Barclays boosted their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Monday, February 12th. William Blair initiated coverage on TransDigm Group in a report on Tuesday, December 12th. They issued an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. increased their price target on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,119.00.

View Our Latest Analysis on TDG

About TransDigm Group

(Free Report)

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. 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, batteries and chargers, databus and power controls, sensor products, switches and relay panels, 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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