Transdigm Group Incorporated $TDG Stock Sold by AIA Group Ltd

Key Points

• AIA Group cut its Transdigm stake by 29.5% in the third quarter, selling 1,220 shares and retaining 2,912 shares valued at about $3.15 million.
• Transdigm reported quarterly EPS of $10.87, beating the $10.30 analyst consensus, while revenue of $2.74 billion exceeded estimates and rose 22.5% year over year.
• Analyst sentiment was mostly cautious: the consensus rating was Hold with a $1,428.40 target price. Company insiders also sold 22,032 shares worth about $26.25 million over the past three months.

AIA Group Ltd cut its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 29.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,912 shares of the aerospace company's stock after selling 1,220 shares during the period. AIA Group Ltd's holdings in Transdigm Group were worth $3,153,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Burkett Financial Services LLC bought a new position in Transdigm Group during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Transdigm Group in the second quarter valued at about $31,000. Trust Co. of Vermont bought a new position in shares of Transdigm Group in the second quarter valued at $33,000. Western Wealth Management LLC bought a new stake in shares of Transdigm Group in the 1st quarter valued at about $30,000. Finally, Reyes Financial Architecture Inc. bought a new position in shares of Transdigm Group in the third quarter valued at about $32,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Trading Up 0.7%

NYSE TDG opened at $1,217.00 on Thursday. Transdigm Group Incorporated has a 12 month low of $1,071.25 and a 12 month high of $1,463.03. The stock's fifty day moving average price is $1,130.06 and its 200-day moving average price is $1,225.72. The stock has a market cap of $68.07 billion, a P/E ratio of 36.92, a P/E/G ratio of 1.73 and a beta of 0.98.

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

Insiders Place Their Bets

In other news, COO Joel Reiss sold 4,100 shares of the firm's stock in a transaction that occurred on 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 transaction, 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. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W. Howley sold 10,132 shares of the firm's 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 transaction, the director directly owned 21,548 shares in the company, valued at $26,639,361.44. This trade represents a 31.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 22,032 shares of company stock valued at $26,250,979 over the last three months. Corporate insiders own 3.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TDG. Stifel Nicolaus downgraded Transdigm Group from a "buy" rating to a "hold" rating and cut their target price for the company from $1,525.00 to $1,405.00 in a research report on Wednesday, August 5th. Wells Fargo & Company dropped their price target on Transdigm Group from $1,450.00 to $1,210.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 30th. The Goldman Sachs Group dropped their price target on shares of Transdigm Group from $1,972.00 to $1,745.00 and set a "buy" rating on the stock in a research report on Monday, October 12th. Melius Research downgraded shares of Transdigm Group from a "buy" rating to a "hold" rating and set a $1,331.00 price target on the stock. in a report on Monday, September 14th. Finally, Royal Bank Of Canada decreased their price objective on Transdigm Group from $1,350.00 to $1,200.00 and set a "sector perform" rating for the company in a report on Thursday, October 15th. Five analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat, Transdigm Group currently has a consensus rating of "Hold" and a consensus target price of $1,428.40.

Transdigm Group Company 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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