Transdigm Group Incorporated (TDG) Shares Bought by Allen Investment Management LLC

Allen Investment Management LLC boosted its holdings in Transdigm Group Incorporated (NYSE:TDG) by 4.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 403,787 shares of the aerospace company’s stock after buying an additional 17,946 shares during the period. Transdigm Group makes up about 4.7% of Allen Investment Management LLC’s investment portfolio, making the stock its 5th biggest position. Allen Investment Management LLC owned approximately 0.78% of Transdigm Group worth $103,228,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Transdigm Group by 3.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock worth $103,000 after acquiring an additional 14 shares during the period. Korea Investment CORP grew its stake in shares of Transdigm Group by 142.6% during the 2nd quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock valued at $133,000 after purchasing an additional 291 shares during the period. HighTower Advisors LLC bought a new stake in shares of Transdigm Group during the 2nd quarter valued at about $201,000. Laurion Capital Management LP bought a new stake in shares of Transdigm Group during the 2nd quarter valued at about $205,000. Finally, Plancorp LLC bought a new position in shares of Transdigm Group during the 2nd quarter valued at approximately $213,000.

Transdigm Group Incorporated (TDG) traded up $6.02 during trading on Wednesday, reaching $268.02. The company’s stock had a trading volume of 371,400 shares, compared to its average volume of 819,444. The company has a debt-to-equity ratio of -3.86, a quick ratio of 1.51 and a current ratio of 2.36. Transdigm Group Incorporated has a 52 week low of $203.72 and a 52 week high of $295.00. The stock has a market capitalization of $13,613.44, a PE ratio of 22.00, a PEG ratio of 2.16 and a beta of 0.50.

Transdigm Group (NYSE:TDG) last released its quarterly earnings results on Thursday, November 9th. The aerospace company reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.30. Transdigm Group had a negative return on equity of 30.13% and a net margin of 12.44%. The company had revenue of $923.89 million during the quarter, compared to analysts’ expectations of $959.77 million. During the same period last year, the business posted $3.29 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. equities research analysts predict that Transdigm Group Incorporated will post 12.76 EPS for the current fiscal year.

In related news, Director Raymond F. Laubenthal sold 6,000 shares of Transdigm Group stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $263.78, for a total transaction of $1,582,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert S. Henderson sold 15,000 shares of Transdigm Group stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $263.74, for a total value of $3,956,100.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,000 shares of company stock valued at $7,063,920. Company insiders own 10.52% of the company’s stock.

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Several analysts recently weighed in on TDG shares. Cowen and Company restated a “market perform” rating and set a $290.00 price target (up previously from $219.00) on shares of Transdigm Group in a report on Thursday, August 10th. BidaskClub lowered Transdigm Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Canaccord Genuity reiterated a “buy” rating and issued a $330.00 target price on shares of Transdigm Group in a research note on Friday, September 15th. Jefferies Group LLC lowered Transdigm Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $322.00 to $280.00 in a research note on Wednesday, September 20th. Finally, Zacks Investment Research upgraded Transdigm Group from a “sell” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $295.11.

Transdigm Group Profile

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.

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

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