Huntington National Bank Sells 207 Shares of Transdigm Group Incorporated $TDG

Huntington National Bank reduced its holdings in Transdigm Group Incorporated (NYSE:TDG) by 22.5% in the second quarter, HoldingsChannel reports. The firm owned 711 shares of the aerospace company’s stock after selling 207 shares during the period. Huntington National Bank’s holdings in Transdigm Group were worth $1,081,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Equitable Trust Co. boosted its position in shares of Transdigm Group by 8.2% during the second quarter. Equitable Trust Co. now owns 6,371 shares of the aerospace company’s stock valued at $9,688,000 after buying an additional 484 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Transdigm Group by 5.4% during the first quarter. BNP Paribas Financial Markets now owns 104,065 shares of the aerospace company’s stock valued at $143,952,000 after buying an additional 5,369 shares during the last quarter. Radnor Capital Management LLC boosted its position in shares of Transdigm Group by 57.9% during the second quarter. Radnor Capital Management LLC now owns 1,255 shares of the aerospace company’s stock valued at $1,908,000 after buying an additional 460 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Transdigm Group by 30.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,077 shares of the aerospace company’s stock valued at $10,763,000 after buying an additional 1,656 shares during the last quarter. Finally, Interval Partners LP purchased a new position in shares of Transdigm Group during the first quarter valued at approximately $7,475,000. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Transdigm Group from $1,480.00 to $1,500.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Morgan Stanley reduced their price objective on Transdigm Group from $1,750.00 to $1,600.00 and set an “overweight” rating for the company in a research note on Wednesday, October 15th. Susquehanna reduced their price objective on Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. UBS Group upped their price objective on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, Citigroup upped their price objective on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Twelve investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,564.56.

Transdigm Group Price Performance

Shares of NYSE TDG opened at $1,266.01 on Thursday. Transdigm Group Incorporated has a one year low of $1,183.60 and a one year high of $1,623.82. The business’s fifty day moving average price is $1,301.70 and its 200-day moving average price is $1,405.38. The stock has a market capitalization of $71.34 billion, a PE ratio of 42.02, a P/E/G ratio of 3.25 and a beta of 1.02.

Transdigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.15). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the prior year, the company earned $9.00 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, equities analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The business also recently disclosed a special dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a dividend of $90.00 per share. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Transdigm Group’s previous special dividend of $75.00.

Insider Activity at Transdigm Group

In related news, Director Kevin M. Stein sold 700 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $1,360.00, for a total transaction of $952,000.00. Following the sale, the director directly owned 8,158 shares in the company, valued at approximately $11,094,880. The trade was a 7.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $1,298.87, for a total value of $3,553,708.32. Following the sale, the director owned 21,548 shares in the company, valued at approximately $27,988,050.76. The trade was a 11.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,802 shares of company stock worth $29,917,993 in the last 90 days. 4.09% of the stock is owned by company insiders.

Transdigm Group Company 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.