14,786 Shares of Transdigm Group Incorporated $TDG Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments opened a position in TransDigm, purchasing 14,786 shares valued at approximately $16 million in the third quarter.
• TransDigm reported quarterly EPS of $10.87, beating the $10.30 consensus estimate, while revenue of $2.74 billion exceeded forecasts and rose 22.5% year over year.
• Analyst sentiment is mostly neutral: 13 analysts rate the stock Hold versus five Buy ratings, with an average price target of $1,428.40. Institutional investors own 95.78% of the shares.

Mirae Asset Global Investments Co. Ltd. bought a new position in Transdigm Group Incorporated (NYSE:TDG - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,786 shares of the aerospace company's stock, valued at approximately $16,007,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TDG. Conning Inc. lifted its position in Transdigm Group by 4.1% during the third quarter. Conning Inc. now owns 230 shares of the aerospace company's stock valued at $249,000 after purchasing an additional 9 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Transdigm Group by 0.3% during the first quarter. NewEdge Advisors LLC now owns 3,297 shares of the aerospace company's stock worth $3,822,000 after buying an additional 11 shares during the period. International Assets Investment Management LLC increased its position in Transdigm Group by 36.1% during the first quarter. International Assets Investment Management LLC now owns 49 shares of the aerospace company's stock valued at $57,000 after acquiring an additional 13 shares during the last quarter. SBI Securities Co. Ltd. increased its position in Transdigm Group by 5.8% during the third quarter. SBI Securities Co. Ltd. now owns 238 shares of the aerospace company's stock valued at $258,000 after acquiring an additional 13 shares during the last quarter. Finally, TFR Capital LLC. increased its position in Transdigm Group by 1.6% during the first quarter. TFR Capital LLC. now owns 885 shares of the aerospace company's stock valued at $1,026,000 after acquiring an additional 14 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Transdigm Group Stock Down 0.6%

TDG stock opened at $1,206.02 on Wednesday. Transdigm Group Incorporated has a twelve month low of $1,071.25 and a twelve month high of $1,463.03. The firm has a market cap of $67.45 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 1.74 and a beta of 0.98. The business's fifty day simple moving average is $1,129.59 and its two-hundred day simple moving average is $1,226.80.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, August 4th. The aerospace company reported $10.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.30 by $0.57. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.68 billion. Transdigm Group had a net margin of 19.69% and a negative return on equity of 23.65%. The business's revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm earned $9.60 earnings per share. Research analysts expect that Transdigm Group Incorporated will post 38.81 EPS for the current year.

Analyst Upgrades and Downgrades

TDG has been the topic of several recent analyst reports. Guggenheim began coverage on shares of Transdigm Group in a research note on Tuesday, September 15th. They issued a "neutral" rating on the stock. Royal Bank Of Canada cut their price target on shares of Transdigm Group from $1,350.00 to $1,200.00 and set a "sector perform" rating on the stock in a report on Thursday, October 15th. Morgan Stanley cut their price target on shares of Transdigm Group from $1,400.00 to $1,300.00 and set an "equal weight" rating on the stock in a report on Monday, October 19th. Wall Street Zen lowered shares of Transdigm Group from a "buy" rating to a "hold" rating in a research report on Monday, July 20th. Finally, Stifel Nicolaus downgraded shares of Transdigm Group from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $1,525.00 to $1,405.00 in a research note on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $1,428.40.

Insider Activity

In related news, Director W. Howley sold 10,132 shares of Transdigm Group stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $1,236.28, for a total transaction of $12,525,988.96. Following the completion of the sale, the director owned 21,548 shares in the company, valued at $26,639,361.44. This trade represents a 31.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 4,100 shares of the business's stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $1,128.04, for a total transaction of $4,624,964.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares of the company's stock, valued at approximately $4,060,944. This trade represents a 53.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,032 shares of company stock worth $26,250,979 in the last ninety days. 3.20% of the stock is currently owned by insiders.

Transdigm Group Profile

TransDigm Group Incorporated NYSE: TDG is a global aerospace manufacturing company that designs, produces and supplies aircraft components, systems and related products. Its portfolio includes mechanical and electrical systems, cockpit and cabin products, airframe components, power and control systems, engine components, and other specialized equipment used in commercial, business and general aviation, and military aircraft.

The company serves aircraft manufacturers, airlines, aircraft operators, maintenance providers and defense customers.

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