United Services Automobile Association increased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 3.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,568 shares of the aerospace company’s stock after purchasing an additional 472 shares during the quarter. United Services Automobile Association’s holdings in TransDigm Group were worth $5,373,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC grew its position in shares of TransDigm Group by 9.2% during the first quarter. Cubist Systematic Strategies LLC now owns 2,130 shares of the aerospace company’s stock worth $654,000 after purchasing an additional 180 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of TransDigm Group by 3.9% during the second quarter. CIBC Asset Management Inc now owns 4,994 shares of the aerospace company’s stock worth $1,724,000 after purchasing an additional 186 shares in the last quarter. Sumitomo Life Insurance Co. grew its position in shares of TransDigm Group by 4.2% during the second quarter. Sumitomo Life Insurance Co. now owns 6,821 shares of the aerospace company’s stock worth $2,354,000 after purchasing an additional 275 shares in the last quarter. Smithfield Trust Co. grew its position in shares of TransDigm Group by 800.0% during the second quarter. Smithfield Trust Co. now owns 315 shares of the aerospace company’s stock worth $108,000 after purchasing an additional 280 shares in the last quarter. Finally, Fort L.P. purchased a new stake in shares of TransDigm Group during the second quarter worth about $123,000.
Several research firms recently issued reports on TDG. JPMorgan Chase & Co. increased their target price on TransDigm Group from $330.00 to $365.00 and gave the stock an “underweight” rating in a research report on Friday, August 10th. Jefferies Financial Group reissued a “hold” rating and set a $375.00 price target on shares of TransDigm Group in a research note on Tuesday, August 7th. Robert W. Baird lowered 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. Zacks Investment Research lowered TransDigm Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Finally, Morgan Stanley increased their price target on TransDigm Group from $341.00 to $372.00 and gave the company an “equal weight” rating in a research note on Thursday, July 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $378.40.
Shares of TransDigm Group stock opened at $323.39 on Friday. TransDigm Group Incorporated has a 12 month low of $260.83 and a 12 month high of $377.67. The company has a market cap of $19.59 billion, a P/E ratio of 26.93, a PEG ratio of 1.94 and a beta of 0.77. The company has a debt-to-equity ratio of -5.96, a current ratio of 4.14 and a quick ratio of 3.15.
TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 7th. The aerospace company reported $4.01 EPS for the quarter, missing analysts’ consensus estimates of $4.07 by ($0.06). The firm had revenue of $980.70 million for the quarter, compared to the consensus estimate of $995.06 million. TransDigm Group had a net margin of 20.68% and a negative return on equity of 29.79%. TransDigm Group’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.30 earnings per share. Research analysts predict that TransDigm Group Incorporated will post 16.85 earnings per share for the current year.
About TransDigm Group
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's 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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