Putnam Investments LLC Acquires 93,707 Shares of TransDigm Group Incorporated (TDG)

Putnam Investments LLC raised its holdings in TransDigm Group Incorporated (NYSE:TDG) by 54.4% in the third quarter, Holdings Channel reports. The fund owned 266,053 shares of the aerospace company’s stock after buying an additional 93,707 shares during the period. Putnam Investments LLC’s holdings in TransDigm Group were worth $99,051,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. First Hawaiian Bank acquired a new stake in TransDigm Group in the 3rd quarter valued at about $117,000. Fort L.P. acquired a new stake in TransDigm Group in the 2nd quarter valued at about $123,000. TLP Group LLC acquired a new stake in TransDigm Group in the 3rd quarter valued at about $145,000. Asset Advisors Investment Management LLC acquired a new stake in TransDigm Group in the 3rd quarter valued at about $186,000. Finally, LFA Lugano Financial Advisors SA raised its holdings in TransDigm Group by 105.0% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 570 shares of the aerospace company’s stock valued at $212,000 after acquiring an additional 292 shares during the last quarter.

TransDigm Group stock opened at $346.80 on Friday. TransDigm Group Incorporated has a 1-year low of $265.29 and a 1-year high of $377.67. The company has a market capitalization of $18.29 billion, a PE ratio of 24.53, a PEG ratio of 1.52 and a beta of 0.89.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, November 6th. The aerospace company reported $4.44 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.39. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.04 billion. TransDigm Group had a net margin of 23.64% and a negative return on equity of 35.67%. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.48 EPS. As a group, sell-side analysts forecast that TransDigm Group Incorporated will post 15.61 earnings per share for the current year.

Several analysts have recently weighed in on TDG shares. Berenberg Bank started coverage on shares of TransDigm Group in a research note on Friday, September 28th. They issued a “buy” rating and a $420.00 price target for the company. Robert W. Baird cut shares of TransDigm Group from an “outperform” rating to a “neutral” rating and set a $365.00 price target for the company. in a research note on Thursday, October 11th. Finally, SunTrust Banks increased their price target on shares of TransDigm Group to $436.00 and gave the company a “buy” rating in a research note on Thursday, October 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $378.40.

In related news, Director Raymond F. Laubenthal sold 11,900 shares of the stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $326.65, for a total transaction of $3,887,135.00. Following the completion of the transaction, the director now owns 25,193 shares of the company’s stock, valued at approximately $8,229,293.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Skulina sold 15,000 shares of the stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $345.46, for a total transaction of $5,181,900.00. Following the transaction, the insider now directly owns 19,000 shares of the company’s stock, valued at approximately $6,563,740. The disclosure for this sale can be found here. Insiders have sold a total of 38,800 shares of company stock valued at $13,461,444 in the last ninety days. 11.45% of the stock is currently owned by corporate insiders.

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TransDigm Group Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, 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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