Maverick Capital Ltd Lowers stake in TransDigm Group Incorporated (TDG)

TransDigm Group Incorporated (TDG) : Maverick Capital Ltd reduced its stake in TransDigm Group Incorporated by 24.78% during the most recent quarter end. The investment management company now holds a total of 992,599 shares of TransDigm Group Incorporated which is valued at $281,004,777 after selling 327,061 shares in TransDigm Group Incorporated , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.TransDigm Group Incorporated makes up approximately 4.13% of Maverick Capital Ltd’s portfolio.

Other Hedge Funds, Including , First Republic Investment Management sold out all of its stake in TDG during the most recent quarter. The investment firm sold 1,948 shares of TDG which is valued $551,479.Third Point boosted its stake in TDG in the latest quarter, The investment management firm added 131,000 additional shares and now holds a total of 1,131,000 shares of TransDigm Group Incorporated which is valued at $320,186,100. TransDigm Group Incorporated makes up approx 2.88% of Third Point’s portfolio.Triple Frond Partners reduced its stake in TDG by selling 57,500 shares or 15.33% in the most recent quarter. The Hedge Fund company now holds 317,500 shares of TDG which is valued at $89,884,250. TransDigm Group Incorporated makes up approx 13.40% of Triple Frond Partners’s portfolio.Weatherbie Capital reduced its stake in TDG by selling 38 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 7,545 shares of TDG which is valued at $2,135,990. TransDigm Group Incorporated makes up approx 0.28% of Weatherbie Capital’s portfolio.King Luther Capital Management Corp reduced its stake in TDG by selling 300 shares or 8.29% in the most recent quarter. The Hedge Fund company now holds 3,318 shares of TDG which is valued at $939,326. TransDigm Group Incorporated makes up approx 0.01% of King Luther Capital Management Corp’s portfolio.

TransDigm Group Incorporated opened for trading at $285.44 and hit $287.85 on the upside on Thursday, eventually ending the session at $287.41, with a gain of 0.78% or 2.22 points. The heightened volatility saw the trading volume jump to 2,70,909 shares. Company has a market cap of $15,309 M.

On the company’s financial health, TransDigm Group Incorporated reported $3.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.28 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $2.81. The company had revenue of $797.70 million for the quarter, compared to analysts expectations of $805.85 million. The company’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.26 EPS.

Many Wall Street Analysts have commented on TransDigm Group Incorporated. Company shares were Reiterated by Deutsche Bank on Aug 10, 2016 to “Hold”, Firm has raised the Price Target to $ 300 from a previous price target of $260 .TransDigm Group Incorporated was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Jun 29, 2016. TransDigm Group Incorporated was Initiated by Morgan Stanley to “Equal-Weight” on Jun 23, 2016.

TransDigm Group Incorporated (TransDigm) is a designer producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control Airframe and Non-aviation. Its Power & Control segment includes operations that primarily develop produce and market systems and components that provide power to or control power of the aircraft utilizing electronic fluid power and mechanical motion control technologies. Its Airframe segment includes operations that primarily develop produce and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. Its Non-aviation segment includes operations that primarily develop produce and market products for non-aviation markets. Its product offerings include mechanical/electro-mechanical actuators and controls ignition systems and engine technology and power conditioning devices.

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