Dark Forest Capital Management LP purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 458 shares of the aerospace company's stock, valued at approximately $585,000.
Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of TransDigm Group by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company's stock valued at $7,447,587,000 after buying an additional 58,243 shares in the last quarter. Capital World Investors raised its holdings in shares of TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company's stock valued at $4,354,369,000 after buying an additional 442,182 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of TransDigm Group by 1.6% during the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company's stock valued at $2,420,882,000 after buying an additional 30,393 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of TransDigm Group by 13.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company's stock valued at $2,056,109,000 after buying an additional 192,962 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of TransDigm Group by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 320,771 shares of the aerospace company's stock valued at $409,821,000 after buying an additional 1,035 shares in the last quarter. Institutional investors own 95.78% of the company's stock.
In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the sale, the director now directly owns 21,548 shares of the company's stock, valued at $29,659,098.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the sale, the director now directly owns 21,548 shares of the company's stock, valued at $29,659,098.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the business's stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,019,981.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,545 shares of company stock valued at $46,454,828. 4.96% of the stock is currently owned by corporate insiders.
NYSE TDG opened at $1,402.36 on Friday. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,433.03. The firm has a market capitalization of $78.69 billion, a PE ratio of 55.63, a P/E/G ratio of 2.24 and a beta of 1.42. The stock's 50 day moving average is $1,307.05 and its 200 day moving average is $1,281.87.
TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating the consensus estimate of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the company posted $6.55 earnings per share. The firm's revenue was up 17.3% on a year-over-year basis. On average, research analysts anticipate that TransDigm Group Incorporated will post 30.7 earnings per share for the current year.
The business also recently announced a dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be issued a $75.00 dividend. This is an increase from TransDigm Group's previous dividend of $32.50. The ex-dividend date of this dividend is Friday, October 4th.
A number of equities analysts have commented on the company. Morgan Stanley lifted their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 7th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Wednesday, August 7th. UBS Group decreased their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th. Stifel Nicolaus lifted their price target on TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a "hold" rating in a research note on Friday, June 7th. Finally, Northcoast Research assumed coverage on TransDigm Group in a research note on Thursday, August 1st. They issued a "neutral" rating on the stock. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,438.24.
View Our Latest Stock Analysis on TDG
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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