Gulf International Bank UK Ltd Reduces Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Gulf International Bank UK Ltd reduced its holdings in TransDigm Group Incorporated (NYSE:TDG) by 9.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,538 shares of the aerospace company’s stock after selling 456 shares during the period. Gulf International Bank UK Ltd’s holdings in TransDigm Group were worth $5,797,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TDG. ORG Partners LLC purchased a new stake in TransDigm Group during the first quarter worth $30,000. Oakworth Capital Inc. acquired a new position in TransDigm Group during the fourth quarter worth $26,000. Central Pacific Bank Trust Division acquired a new position in TransDigm Group during the first quarter worth $39,000. Oliver Lagore Vanvalin Investment Group raised its position in TransDigm Group by 48.0% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 12 shares during the period. Finally, VisionPoint Advisory Group LLC acquired a new position in TransDigm Group during the fourth quarter worth $37,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TDG. UBS Group reduced their price objective on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. The Goldman Sachs Group increased their target price on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Northcoast Research assumed coverage on shares of TransDigm Group in a research report on Thursday, August 1st. They issued a “neutral” rating for the company. Finally, Bank of America raised their price objective on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,417.19.

Insider Buying and Selling

In other TransDigm Group news, Director W Nicholas Howley sold 197 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total transaction of $259,673.58. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other TransDigm Group news, Director W Nicholas Howley sold 197 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total transaction of $259,673.58. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,469,760. The disclosure for this sale can be found here. Insiders sold 105,905 shares of company stock worth $137,900,519 over the last 90 days. 4.96% of the stock is owned by insiders.

TransDigm Group Price Performance

Shares of NYSE TDG traded down $34.13 during midday trading on Wednesday, hitting $1,203.24. The company’s stock had a trading volume of 353,508 shares, compared to its average volume of 227,299. The business’s fifty day simple moving average is $1,285.40 and its two-hundred day simple moving average is $1,234.28. TransDigm Group Incorporated has a 1 year low of $802.46 and a 1 year high of $1,369.57. The firm has a market capitalization of $67.33 billion, a price-to-earnings ratio of 47.73, a price-to-earnings-growth ratio of 2.03 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the firm earned $6.55 earnings per share. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. Analysts anticipate that TransDigm Group Incorporated will post 30.21 EPS for the current fiscal year.

TransDigm Group Profile

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.