Flinton Capital Management LLC Reduces Stake in Transdigm Group Incorporated (TDG)

Flinton Capital Management LLC lessened its holdings in shares of Transdigm Group Incorporated (NYSE:TDG) by 5.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,104 shares of the aerospace company’s stock after selling 64 shares during the period. Flinton Capital Management LLC’s holdings in Transdigm Group were worth $297,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. HPM Partners LLC boosted its holdings in shares of Transdigm Group by 196.7% during the 2nd quarter. HPM Partners LLC now owns 5,739 shares of the aerospace company’s stock valued at $810,000 after buying an additional 3,805 shares in the last quarter. Soros Fund Management LLC bought a new stake in shares of Transdigm Group during the 1st quarter valued at $308,000. Victory Capital Management Inc. boosted its holdings in shares of Transdigm Group by 14.6% during the 2nd quarter. Victory Capital Management Inc. now owns 25,758 shares of the aerospace company’s stock valued at $6,926,000 after buying an additional 3,273 shares in the last quarter. Edgestream Partners L.P. boosted its holdings in shares of Transdigm Group by 27.9% during the 1st quarter. Edgestream Partners L.P. now owns 6,859 shares of the aerospace company’s stock valued at $1,510,000 after buying an additional 1,497 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Transdigm Group by 2.2% during the 2nd quarter. Swiss National Bank now owns 193,200 shares of the aerospace company’s stock valued at $51,946,000 after buying an additional 4,200 shares in the last quarter.

In related news, Director Raymond F. Laubenthal sold 6,000 shares of Transdigm Group stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $277.56, for a total transaction of $1,665,360.00. Following the completion of the sale, the director now owns 75,701 shares of the company’s stock, valued at $21,011,569.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 18,000 shares of company stock valued at $4,881,360. Corporate insiders own 10.52% of the company’s stock.

A number of analysts have recently commented on TDG shares. Cowen and Company restated a “market perform” rating and set a $290.00 target price (up previously from $219.00) on shares of Transdigm Group in a report on Thursday, August 10th. BidaskClub cut shares of Transdigm Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Canaccord Genuity reiterated a “buy” rating and issued a $330.00 price target on shares of Transdigm Group in a research note on Friday, September 15th. Jefferies Group LLC reiterated a “buy” rating and issued a $283.00 price target on shares of Transdigm Group in a research note on Friday, July 14th. Finally, Zacks Investment Research cut shares of Transdigm Group from a “buy” rating to a “hold” rating and set a $308.00 price target on the stock. in a research note on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Transdigm Group currently has a consensus rating of “Buy” and an average price target of $295.58.

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Transdigm Group Incorporated (TDG) opened at 266.16 on Friday. The firm’s 50-day moving average is $261.12 and its 200 day moving average is $260.80. The company has a market cap of $13.82 billion, a PE ratio of 29.57 and a beta of 0.53. Transdigm Group Incorporated has a 1-year low of $203.72 and a 1-year high of $295.00.

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, topping the consensus estimate of $2.98 by $0.32. The business 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 40.12% and a net margin of 14.47%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company earned $3.09 earnings per share. Analysts predict that Transdigm Group Incorporated will post $12.30 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Transdigm Group (NYSE:TDG)

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