TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Brighton Jones LLC

Brighton Jones LLC lifted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 3.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 894 shares of the aerospace company’s stock after buying an additional 26 shares during the quarter. Brighton Jones LLC’s holdings in TransDigm Group were worth $904,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. AE Wealth Management LLC increased its holdings in shares of TransDigm Group by 12.5% in the third quarter. AE Wealth Management LLC now owns 315 shares of the aerospace company’s stock valued at $266,000 after purchasing an additional 35 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of TransDigm Group by 9.8% during the third quarter. Commonwealth Equity Services LLC now owns 1,133 shares of the aerospace company’s stock worth $956,000 after acquiring an additional 101 shares during the period. Chevy Chase Trust Holdings LLC raised its holdings in TransDigm Group by 3.3% during the third quarter. Chevy Chase Trust Holdings LLC now owns 31,018 shares of the aerospace company’s stock worth $26,152,000 after purchasing an additional 999 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in TransDigm Group by 66.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 1,744 shares of the aerospace company’s stock valued at $1,471,000 after purchasing an additional 698 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in TransDigm Group by 53.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 8,883 shares of the aerospace company’s stock worth $7,490,000 after purchasing an additional 3,089 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. The Goldman Sachs Group boosted their price objective on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. Susquehanna boosted their price target on TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Finally, KeyCorp lifted their price objective on TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, TransDigm Group currently has an average rating of “Moderate Buy” and an average price target of $1,170.27.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,249.88 on Thursday. The firm’s 50-day simple moving average is $1,208.75 and its 200-day simple moving average is $1,069.59. TransDigm Group Incorporated has a 1-year low of $750.86 and a 1-year high of $1,269.51. The firm has a market cap of $69.51 billion, a P/E ratio of 53.05, a PEG ratio of 2.54 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating analysts’ consensus estimates of $6.41 by $0.75. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. TransDigm Group’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter last year, the business earned $4.15 EPS. Analysts expect that TransDigm Group Incorporated will post 29.08 earnings per share for the current fiscal year.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 2,391 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the completion of the sale, the director now directly owns 21,549 shares in the company, valued at $25,008,691.95. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Jorge Valladares sold 578 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $1,180.00, for a total transaction of $682,040.00. Following the sale, the director now directly owns 11,000 shares in the company, valued at approximately $12,980,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director W Nicholas Howley sold 2,391 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the completion of the sale, the director now directly owns 21,549 shares of the company’s stock, valued at approximately $25,008,691.95. The disclosure for this sale can be found here. Insiders have sold 59,087 shares of company stock valued at $69,840,358 in the last three months. Corporate insiders own 4.96% of the company’s stock.

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.