Crossmark Global Holdings Inc. Sells 377 Shares of TransDigm Group Incorporated (NYSE:TDG)

Crossmark Global Holdings Inc. decreased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,980 shares of the aerospace company’s stock after selling 377 shares during the period. Crossmark Global Holdings Inc.’s holdings in TransDigm Group were worth $3,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Meridian Wealth Management LLC grew its position in shares of TransDigm Group by 22.0% during the 2nd quarter. Meridian Wealth Management LLC now owns 444 shares of the aerospace company’s stock valued at $215,000 after acquiring an additional 80 shares during the period. Goodnow Investment Group LLC boosted its holdings in TransDigm Group by 33.8% in the 2nd quarter. Goodnow Investment Group LLC now owns 102,880 shares of the aerospace company’s stock worth $49,773,000 after buying an additional 25,990 shares during the period. Creative Planning boosted its holdings in TransDigm Group by 48.7% in the 2nd quarter. Creative Planning now owns 2,845 shares of the aerospace company’s stock worth $1,376,000 after buying an additional 932 shares during the period. Invesco Ltd. boosted its holdings in TransDigm Group by 10.5% in the 2nd quarter. Invesco Ltd. now owns 689,545 shares of the aerospace company’s stock worth $333,602,000 after buying an additional 65,794 shares during the period. Finally, Cibc World Markets Corp boosted its holdings in TransDigm Group by 25.3% in the 2nd quarter. Cibc World Markets Corp now owns 10,227 shares of the aerospace company’s stock worth $4,948,000 after buying an additional 2,068 shares during the period. 99.56% of the stock is owned by hedge funds and other institutional investors.

In other TransDigm Group news, VP Robert S. Henderson sold 15,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $538.71, for a total transaction of $8,080,650.00. Following the completion of the transaction, the vice president now owns 40,000 shares of the company’s stock, valued at approximately $21,548,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman W Nicholas Howley sold 17,083 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $547.65, for a total transaction of $9,355,504.95. The disclosure for this sale can be found here. Insiders have sold a total of 296,933 shares of company stock valued at $157,914,980 in the last three months. Insiders own 11.89% of the company’s stock.

TDG has been the subject of several recent analyst reports. Cowen reaffirmed a “buy” rating and issued a $590.00 target price on shares of TransDigm Group in a report on Wednesday, September 18th. Morgan Stanley dropped their target price on shares of TransDigm Group from $570.00 to $560.00 and set an “equal weight” rating for the company in a report on Thursday. ValuEngine downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Credit Suisse Group upped their target price on shares of TransDigm Group from $539.00 to $617.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, UBS Group upped their target price on shares of TransDigm Group to $605.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $561.82.

Shares of TransDigm Group stock opened at $524.78 on Friday. The company has a market capitalization of $27.15 billion, a P/E ratio of 30.89, a P/E/G ratio of 2.00 and a beta of 0.95. The company has a fifty day moving average of $522.76 and a 200 day moving average of $490.10. TransDigm Group Incorporated has a fifty-two week low of $307.36 and a fifty-two week high of $555.27.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $4.95 EPS for the quarter, beating the consensus estimate of $4.01 by $0.94. TransDigm Group had a net margin of 15.26% and a negative return on equity of 59.21%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the firm earned $3.59 EPS. The business’s revenue was up 69.1% on a year-over-year basis. As a group, analysts anticipate that TransDigm Group Incorporated will post 16.92 earnings per share for the current fiscal year.

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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