L & S Advisors Inc Purchases 1,548 Shares of TransDigm Group Incorporated (NYSE:TDG)

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L & S Advisors Inc boosted its position in TransDigm Group Incorporated (NYSE:TDG) by 54.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,403 shares of the aerospace company’s stock after acquiring an additional 1,548 shares during the period. L & S Advisors Inc’s holdings in TransDigm Group were worth $2,130,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. raised its stake in TransDigm Group by 2.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,125 shares of the aerospace company’s stock valued at $511,000 after acquiring an additional 27 shares during the period. Commonwealth Bank of Australia grew its holdings in TransDigm Group by 65.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 73 shares of the aerospace company’s stock valued at $34,000 after buying an additional 29 shares in the last quarter. Raymond James Trust N.A. grew its holdings in TransDigm Group by 2.4% during the 2nd quarter. Raymond James Trust N.A. now owns 1,679 shares of the aerospace company’s stock valued at $812,000 after buying an additional 40 shares in the last quarter. First Republic Investment Management Inc. grew its holdings in TransDigm Group by 6.4% during the 2nd quarter. First Republic Investment Management Inc. now owns 662 shares of the aerospace company’s stock valued at $320,000 after buying an additional 40 shares in the last quarter. Finally, Hartford Investment Management Co. grew its holdings in TransDigm Group by 0.8% during the 2nd quarter. Hartford Investment Management Co. now owns 5,358 shares of the aerospace company’s stock valued at $2,592,000 after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 99.64% of the company’s stock.

A number of research firms have weighed in on TDG. Barclays set a $610.00 target price on TransDigm Group and gave the company a “buy” rating in a report on Friday, August 9th. Credit Suisse Group boosted their price objective on TransDigm Group from $539.00 to $617.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. SunTrust Banks boosted their price objective on TransDigm Group to $560.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Cowen reissued a “buy” rating and set a $520.00 price objective on shares of TransDigm Group in a report on Tuesday, August 6th. Finally, Jefferies Financial Group boosted their price objective on TransDigm Group from $480.00 to $550.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. TransDigm Group presently has a consensus rating of “Buy” and a consensus target price of $540.42.

Shares of NYSE TDG traded up $7.37 during midday trading on Friday, hitting $522.13. 28,314 shares of the company’s stock were exchanged, compared to its average volume of 382,625. TransDigm Group Incorporated has a 12-month low of $307.36 and a 12-month high of $555.27. The company has a market cap of $26.95 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 2.37 and a beta of 0.97. The business’s fifty day moving average price is $519.08 and its two-hundred day moving average price is $478.12.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $4.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.01 by $0.94. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.58 billion. TransDigm Group had a negative return on equity of 59.21% and a net margin of 15.26%. TransDigm Group’s revenue was up 69.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.59 earnings per share. On average, equities research analysts forecast that TransDigm Group Incorporated will post 16.92 earnings per share for the current year.

The company also recently announced a dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 16th were paid a $30.00 dividend. The ex-dividend date was Thursday, August 15th.

In other TransDigm Group news, Chairman W Nicholas Howley sold 17,083 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $480.46, for a total value of $8,207,698.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bernt G. Iversen II sold 8,333 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $536.99, for a total value of $4,474,737.67. Following the completion of the sale, the insider now directly owns 12,643 shares of the company’s stock, valued at approximately $6,789,164.57. The disclosure for this sale can be found here. In the last ninety days, insiders sold 273,700 shares of company stock valued at $145,335,349. 11.89% of the stock is owned by insiders.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

Read More: Average Daily Trade Volume – What You Need to Know

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

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