Connor Clark & Lunn Investment Management Ltd. reduced its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 88.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 977 shares of the aerospace company's stock after selling 7,565 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Transdigm Group were worth $1,351,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Bruce G. Allen Investments LLC boosted its stake in shares of Transdigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 10 shares during the period. Winch Advisory Services LLC lifted its holdings in Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after buying an additional 7 shares in the last quarter. Park Square Financial Group LLC bought a new position in Transdigm Group in the 4th quarter worth about $32,000. Wayfinding Financial LLC bought a new position in Transdigm Group in the 1st quarter worth about $75,000. Finally, CVA Family Office LLC raised its stake in shares of Transdigm Group by 123.1% during the first quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock valued at $80,000 after acquiring an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.
Transdigm Group Trading Down 1.7%
Shares of TDG stock opened at $1,388.60 on Friday. The company has a market cap of $78.25 billion, a PE ratio of 46.09, a PEG ratio of 2.87 and a beta of 1.07. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82. The business's fifty day simple moving average is $1,503.15 and its 200-day simple moving average is $1,413.45.
Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The business had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same quarter last year, the business posted $9.00 earnings per share. The company's quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.
Insider Buying and Selling
In other Transdigm Group news, CFO Sarah Wynne sold 1,800 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the transaction, the chief financial officer owned 3,400 shares in the company, valued at approximately $4,930,000. This represents a 34.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert J. Small sold 45,700 shares of Transdigm Group stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the sale, the director owned 88,419 shares of the company's stock, valued at $125,997,959.19. The trade was a 34.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,872 shares of company stock worth $100,747,061 over the last ninety days. Company insiders own 4.09% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Stifel Nicolaus began coverage on Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price target on the stock. Wells Fargo & Company upped their price objective on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Morgan Stanley raised their target price on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Finally, The Goldman Sachs Group upped their price target on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,624.69.
Check Out Our Latest Analysis on TDG
About Transdigm Group
(
Free Report)
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. 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, 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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