Rhumbline Advisers Purchases 1,229 Shares of TransDigm Group Incorporated (NYSE:TDG)

Rhumbline Advisers raised its position in shares of TransDigm Group Incorporated (NYSE:TDGGet Rating) by 1.5% in the fourth quarter, Holdings Channel reports. The fund owned 85,334 shares of the aerospace company’s stock after buying an additional 1,229 shares during the quarter. Rhumbline Advisers’ holdings in TransDigm Group were worth $54,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of TDG. TFO TDC LLC bought a new stake in shares of TransDigm Group in the fourth quarter valued at approximately $32,000. Duncker Streett & Co. Inc. acquired a new position in TransDigm Group during the 4th quarter valued at $35,000. Farmers & Merchants Investments Inc. boosted its holdings in TransDigm Group by 51.4% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 56 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 19 shares during the period. Pittenger & Anderson Inc. grew its position in TransDigm Group by 132.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 58 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 33 shares during the last quarter. Finally, Ten Capital Wealth Advisors LLC bought a new position in shares of TransDigm Group during the 4th quarter worth about $48,000. 99.33% of the stock is currently owned by institutional investors.

In other news, Director Raymond F. Laubenthal sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 22nd. The stock was sold at an average price of $670.00, for a total transaction of $3,350,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 11,500 shares of TransDigm Group stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $632.64, for a total value of $7,275,360.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,000 shares of company stock valued at $17,890,485. 9.13% of the stock is currently owned by corporate insiders.

NYSE TDG opened at $546.23 on Tuesday. TransDigm Group Incorporated has a 1-year low of $537.55 and a 1-year high of $688.03. The company has a 50 day moving average of $630.52 and a 200-day moving average of $629.36. The firm has a market cap of $30.29 billion, a price-to-earnings ratio of 38.01, a PEG ratio of 1.86 and a beta of 1.43.

TransDigm Group (NYSE:TDGGet Rating) last released its quarterly earnings results on Tuesday, May 10th. The aerospace company reported $3.29 EPS for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.02). TransDigm Group had a negative return on equity of 27.39% and a net margin of 17.70%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company earned $2.29 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. Research analysts expect that TransDigm Group Incorporated will post 13.64 earnings per share for the current year.

TDG has been the topic of a number of recent research reports. StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. Susquehanna lowered their price objective on TransDigm Group from $720.00 to $620.00 in a research report on Wednesday, May 11th. Susquehanna Bancshares cut their target price on TransDigm Group from $720.00 to $620.00 in a research note on Wednesday, May 11th. Wells Fargo & Company decreased their price target on shares of TransDigm Group from $700.00 to $620.00 in a research note on Wednesday, May 11th. Finally, Morgan Stanley increased their price objective on shares of TransDigm Group from $762.00 to $801.00 and gave the company an “overweight” rating in a research note on Wednesday, February 9th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $707.33.

TransDigm Group Profile (Get Rating)

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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