TransDigm Group Incorporated (NYSE:TDG) Shares Purchased by Advisory Services Network LLC

Advisory Services Network LLC increased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 15.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,846 shares of the aerospace company’s stock after purchasing an additional 762 shares during the period. Advisory Services Network LLC’s holdings in TransDigm Group were worth $5,913,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Orion Portfolio Solutions LLC boosted its holdings in shares of TransDigm Group by 18.9% in the third quarter. Orion Portfolio Solutions LLC now owns 484 shares of the aerospace company’s stock valued at $408,000 after acquiring an additional 77 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of TransDigm Group by 7.0% in the third quarter. Private Advisor Group LLC now owns 538 shares of the aerospace company’s stock valued at $454,000 after acquiring an additional 35 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of TransDigm Group by 1.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 13,869 shares of the aerospace company’s stock valued at $11,693,000 after acquiring an additional 151 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of TransDigm Group by 0.6% in the third quarter. Corient Private Wealth LLC now owns 13,297 shares of the aerospace company’s stock valued at $11,214,000 after acquiring an additional 82 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of TransDigm Group by 6.6% in the third quarter. Signaturefd LLC now owns 551 shares of the aerospace company’s stock valued at $465,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $1,172.26, for a total transaction of $3,516,780.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,220,136. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,292.89, for a total value of $12,928,900.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,547,396.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $1,172.26, for a total transaction of $3,516,780.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,220,136. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 11 shares of company stock worth $5,950 and sold 40,203 shares worth $49,550,425. Insiders own 4.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. UBS Group raised their price objective on shares of TransDigm Group from $1,302.00 to $1,403.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Stifel Nicolaus raised their price objective on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Susquehanna raised their price objective on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Finally, Barclays raised their price objective on shares of TransDigm Group from $1,250.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,327.44.

TransDigm Group Price Performance

TDG traded up $19.59 during midday trading on Friday, reaching $1,350.31. 136,110 shares of the company’s stock were exchanged, compared to its average volume of 233,096. The stock has a market capitalization of $75.56 billion, a PE ratio of 53.56, a P/E/G ratio of 2.32 and a beta of 1.39. The business’s 50-day moving average price is $1,252.60 and its 200 day moving average price is $1,122.94. TransDigm Group Incorporated has a 1-year low of $768.23 and a 1-year high of $1,350.31.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.39 earnings per share. As a group, analysts expect that TransDigm Group Incorporated will post 29.96 EPS for the current fiscal year.

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.