Country Trust Bank Sells 40,446 Shares of TransDigm Group Incorporated (TDG)

Country Trust Bank decreased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 50.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,741 shares of the aerospace company’s stock after selling 40,446 shares during the period. Country Trust Bank owned about 0.08% of TransDigm Group worth $18,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TDG. Dimensional Fund Advisors LP lifted its stake in TransDigm Group by 4.1% in the third quarter. Dimensional Fund Advisors LP now owns 140,889 shares of the aerospace company’s stock valued at $52,453,000 after buying an additional 5,519 shares during the period. GSA Capital Partners LLP bought a new position in shares of TransDigm Group during the 3rd quarter worth approximately $555,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of TransDigm Group during the 3rd quarter worth approximately $224,000. Allianz Asset Management GmbH boosted its stake in shares of TransDigm Group by 49.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 8,779 shares of the aerospace company’s stock worth $3,268,000 after acquiring an additional 2,905 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of TransDigm Group by 12.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,903 shares of the aerospace company’s stock worth $13,366,000 after acquiring an additional 3,956 shares during the period.

In related news, insider Sarah Wynne sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $420.03, for a total transaction of $1,260,090.00. Following the completion of the sale, the insider now directly owns 3,100 shares of the company’s stock, valued at $1,302,093. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO W Nicholas Howley sold 17,083 shares of the stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $418.55, for a total value of $7,150,089.65. Following the sale, the chief executive officer now directly owns 43,818 shares of the company’s stock, valued at $18,340,023.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,357 shares of company stock worth $41,248,657. 11.00% of the stock is owned by corporate insiders.

Several research analysts have recently commented on the company. Longbow Research assumed coverage on TransDigm Group in a research note on Tuesday, April 9th. They set a “neutral” rating for the company. Cowen reiterated a “buy” rating and set a $520.00 target price (up from $460.00) on shares of TransDigm Group in a research note on Monday, March 25th. Zacks Investment Research upgraded TransDigm Group from a “hold” rating to a “buy” rating and set a $513.00 target price for the company in a research note on Tuesday. Jefferies Financial Group reiterated a “hold” rating and set a $355.00 target price on shares of TransDigm Group in a research note on Tuesday, January 8th. Finally, Goldman Sachs Group assumed coverage on TransDigm Group in a research note on Monday, March 18th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. TransDigm Group has a consensus rating of “Buy” and an average target price of $429.82.

TDG traded down $1.90 during trading on Wednesday, hitting $456.23. The stock had a trading volume of 2,768 shares, compared to its average volume of 297,297. The company has a market capitalization of $24.24 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 1.94 and a beta of 1.01. TransDigm Group Incorporated has a one year low of $307.36 and a one year high of $469.01.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 5th. The aerospace company reported $3.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.19 by $0.66. TransDigm Group had a negative return on equity of 43.35% and a net margin of 20.57%. The firm had revenue of $993.30 million during the quarter, compared to analysts’ expectations of $957.66 million. During the same period in the previous year, the firm earned $2.65 EPS. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, sell-side analysts predict that TransDigm Group Incorporated will post 16.2 EPS for the current year.

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TransDigm Group Company 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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