Americafirst Capital Management LLC purchased a new stake in Transdigm Group Incorporated (NYSE:TDG) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,969 shares of the aerospace company’s stock, valued at approximately $1,336,000. Transdigm Group makes up approximately 1.7% of Americafirst Capital Management LLC’s investment portfolio, making the stock its 9th biggest holding.
A number of other hedge funds also recently bought and sold shares of TDG. Stifel Financial Corp grew its stake in Transdigm Group by 20.8% in the first quarter. Stifel Financial Corp now owns 4,260 shares of the aerospace company’s stock valued at $936,000 after purchasing an additional 734 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Transdigm Group by 19.8% during the 1st quarter. OppenheimerFunds Inc. now owns 1,702 shares of the aerospace company’s stock worth $375,000 after acquiring an additional 281 shares during the period. Rothschild Asset Management Inc. bought a new position in shares of Transdigm Group during the 1st quarter worth approximately $399,000. Thrivent Financial For Lutherans boosted its stake in shares of Transdigm Group by 5.2% during the 1st quarter. Thrivent Financial For Lutherans now owns 1,830 shares of the aerospace company’s stock worth $403,000 after acquiring an additional 90 shares during the period. Finally, Global X Management Co. LLC boosted its stake in shares of Transdigm Group by 31.8% during the 1st quarter. Global X Management Co. LLC now owns 1,818 shares of the aerospace company’s stock worth $400,000 after acquiring an additional 439 shares during the period.
In other news, Director Raymond F. Laubenthal sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $277.56, for a total value of $1,665,360.00. Following the sale, the director now directly owns 75,701 shares of the company’s stock, valued at approximately $21,011,569.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders sold 18,000 shares of company stock worth $4,881,360. Insiders own 10.52% of the company’s stock.
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Several brokerages have recently commented on TDG. Zacks Investment Research downgraded Transdigm Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Robert W. Baird reiterated a “buy” rating and set a $300.00 target price on shares of Transdigm Group in a research note on Thursday. Jefferies Group LLC reiterated a “buy” rating and set a $283.00 target price on shares of Transdigm Group in a research note on Friday, July 14th. Vertical Research reiterated a “buy” rating and set a $316.00 target price (up from $280.00) on shares of Transdigm Group in a research note on Thursday, August 10th. Finally, BidaskClub downgraded Transdigm Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Transdigm Group has an average rating of “Buy” and a consensus price target of $295.58.
Transdigm Group Incorporated (TDG) traded up 0.28% on Friday, reaching $266.90. The company had a trading volume of 63,054 shares. Transdigm Group Incorporated has a one year low of $203.72 and a one year high of $295.00. The company’s 50 day moving average is $261.12 and its 200-day moving average is $260.80. The firm has a market capitalization of $13.85 billion, a price-to-earnings ratio of 29.66 and a beta of 0.53.
Transdigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.32. Transdigm Group had a negative return on equity of 40.12% and a net margin of 14.47%. The firm had revenue of $907.67 million for the quarter, compared to analysts’ expectations of $903.99 million. During the same period in the previous year, the firm posted $3.09 EPS. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, equities research analysts expect that Transdigm Group Incorporated will post $12.30 earnings per share for the current fiscal year.
About Transdigm Group
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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