Intech Investment Management LLC Acquires 3,458 Shares of TransDigm Group Incorporated (NYSE:TDG)

Intech Investment Management LLC lifted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 68.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,531 shares of the aerospace company’s stock after purchasing an additional 3,458 shares during the period. Intech Investment Management LLC’s holdings in TransDigm Group were worth $8,630,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Nomura Asset Management Co. Ltd. increased its stake in shares of TransDigm Group by 2.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 14,189 shares of the aerospace company’s stock worth $14,354,000 after purchasing an additional 320 shares during the period. Skopos Labs Inc. acquired a new stake in TransDigm Group during the fourth quarter worth about $267,000. Advisory Services Network LLC grew its position in TransDigm Group by 15.0% during the fourth quarter. Advisory Services Network LLC now owns 5,846 shares of the aerospace company’s stock worth $5,913,000 after buying an additional 762 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in TransDigm Group by 22.7% during the fourth quarter. Orion Portfolio Solutions LLC now owns 594 shares of the aerospace company’s stock worth $592,000 after buying an additional 110 shares in the last quarter. Finally, Team Hewins LLC acquired a new stake in TransDigm Group during the fourth quarter worth about $270,000. 95.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TDG has been the topic of a number of recent research reports. Stifel Nicolaus lifted their target price on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Susquehanna lifted their target price on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Morgan Stanley lifted their target price on TransDigm Group from $1,275.00 to $1,550.00 and gave the stock an “overweight” rating in a research report on Thursday, May 9th. TD Cowen lifted their target price on TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, The Goldman Sachs Group lifted their price objective on TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus price target of $1,327.44.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $1,282.78, for a total value of $3,848,340.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,618,008. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $1,282.78, for a total value of $3,848,340.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,618,008. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 11 shares of company stock valued at $5,950 and have sold 40,203 shares valued at $49,550,425. 4.96% of the stock is currently owned by company insiders.

TransDigm Group Price Performance

Shares of TDG traded up $19.59 on Friday, hitting $1,350.31. The company’s stock had a trading volume of 136,110 shares, compared to its average volume of 233,096. The company has a market capitalization of $75.56 billion, a PE ratio of 53.56, a PEG ratio of 2.35 and a beta of 1.39. TransDigm Group Incorporated has a fifty-two week low of $768.23 and a fifty-two week high of $1,350.31. The company has a 50 day moving average price of $1,252.60 and a 200 day moving average price of $1,124.54.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period last year, the company earned $5.39 EPS. On average, equities analysts forecast that TransDigm Group Incorporated will post 29.96 EPS for the current year.

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.