Palisade Capital Management LLC NJ continued to hold its position in shares of Transdigm Group Incorporated (NYSE:TDG) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,000 shares of the aerospace company’s stock at the end of the second quarter. Palisade Capital Management LLC NJ’s holdings in Transdigm Group were worth $269,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of TDG. LS Investment Advisors LLC boosted its position in shares of Transdigm Group by 0.3% in the second quarter. LS Investment Advisors LLC now owns 2,263 shares of the aerospace company’s stock valued at $608,000 after buying an additional 6 shares during the period. Wetherby Asset Management Inc. boosted its position in Transdigm Group by 0.5% in the first quarter. Wetherby Asset Management Inc. now owns 4,506 shares of the aerospace company’s stock worth $992,000 after buying an additional 21 shares during the last quarter. Pacer Advisors Inc. boosted its position in Transdigm Group by 3.3% in the first quarter. Pacer Advisors Inc. now owns 1,023 shares of the aerospace company’s stock worth $225,000 after buying an additional 33 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Transdigm Group by 5.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,423 shares of the aerospace company’s stock worth $293,000 after buying an additional 72 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in Transdigm Group by 5.2% in the first quarter. Thrivent Financial For Lutherans now owns 1,830 shares of the aerospace company’s stock worth $403,000 after buying an additional 90 shares during the last quarter.
Transdigm Group Incorporated (NYSE TDG) opened at 277.72 on Thursday. The stock has a market capitalization of $14.45 billion, a price-to-earnings ratio of 31.52 and a beta of 0.56. Transdigm Group Incorporated has a 12 month low of $203.72 and a 12 month high of $295.00. The company has a 50-day moving average price of $276.49 and a 200 day moving average price of $252.28.
Transdigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.98 by $0.32. The company had revenue of $907.67 million during the quarter, compared to the consensus estimate of $903.99 million. Transdigm Group had a negative return on equity of 42.59% and a net margin of 14.47%. Transdigm Group’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.09 EPS. Equities analysts predict that Transdigm Group Incorporated will post $12.29 earnings per share for the current year.
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A number of equities analysts recently weighed in on TDG shares. Zacks Investment Research cut Transdigm Group from a “buy” rating to a “hold” rating in a report on Monday, June 5th. BidaskClub cut Transdigm Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Canaccord Genuity reaffirmed a “buy” rating and issued a $300.00 price target on shares of Transdigm Group in a report on Wednesday, May 10th. Deutsche Bank AG reaffirmed a “neutral” rating on shares of Transdigm Group in a report on Friday, April 14th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $316.00 target price on shares of Transdigm Group in a report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $290.49.
In other news, Director Raymond F. Laubenthal sold 6,000 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $281.81, for a total transaction of $1,690,860.00. Following the completion of the sale, the director now directly owns 75,701 shares of the company’s stock, valued at approximately $21,333,298.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jorge Valladares sold 100 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $276.00, for a total transaction of $27,600.00. Following the sale, the insider now directly owns 9,100 shares of the company’s stock, valued at $2,511,600. The disclosure for this sale can be found here. Insiders have sold a total of 18,000 shares of company stock valued at $4,952,017 over the last three months. Corporate insiders own 10.52% of the company’s stock.
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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