TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its stake in TransDigm Group Incorporated (NYSE:TDG) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,344 shares of the aerospace company’s stock after selling 39 shares during the period. Amalgamated Bank’s holdings in TransDigm Group were worth $14,493,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TDG. Vanguard Group Inc. lifted its position in TransDigm Group by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock worth $7,447,587,000 after purchasing an additional 58,243 shares during the period. Capital World Investors raised its stake in shares of TransDigm Group by 14.3% in the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after buying an additional 442,182 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of TransDigm Group by 1.6% in the first quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock valued at $2,420,882,000 after buying an additional 30,393 shares during the period. JPMorgan Chase & Co. boosted its stake in TransDigm Group by 13.1% during the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after buying an additional 192,962 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in TransDigm Group by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 320,771 shares of the aerospace company’s stock worth $409,821,000 after acquiring an additional 1,035 shares during the period. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Stock Performance

TransDigm Group stock opened at $1,373.70 on Thursday. The firm’s 50 day moving average price is $1,288.02 and its two-hundred day moving average price is $1,272.53. The firm has a market cap of $77.08 billion, a PE ratio of 54.49, a P/E/G ratio of 2.16 and a beta of 1.42. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,396.13.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.77 by $1.23. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. TransDigm Group’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the company earned $6.55 earnings per share. Equities analysts anticipate that TransDigm Group Incorporated will post 30.69 EPS for the current fiscal year.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,073 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the transaction, the director now owns 21,548 shares in the company, valued at $26,769,080.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other TransDigm Group news, Director W Nicholas Howley sold 5,073 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $26,769,080.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total transaction of $12,486,000.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,186,078.80. The disclosure for this sale can be found here. Insiders sold 36,545 shares of company stock valued at $46,454,828 in the last three months. Corporate insiders own 4.96% of the company’s stock.

Analysts Set New Price Targets

TDG has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a report on Thursday, June 20th. JPMorgan Chase & Co. raised their target price on shares of TransDigm Group from $1,350.00 to $1,435.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Jefferies Financial Group dropped their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. UBS Group reduced their price objective on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Northcoast Research assumed coverage on TransDigm Group in a research report on Thursday, August 1st. They set a “neutral” rating on the stock. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,438.24.

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.