Two Sigma Advisers LP lowered its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 36.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,500 shares of the aerospace company's stock after selling 10,000 shares during the quarter. Two Sigma Advisers LP's holdings in TransDigm Group were worth $22,177,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after purchasing an additional 173,642 shares during the period. Ritholtz Wealth Management lifted its holdings in TransDigm Group by 14.5% in the 4th quarter. Ritholtz Wealth Management now owns 198 shares of the aerospace company's stock worth $251,000 after purchasing an additional 25 shares in the last quarter. Merit Financial Group LLC boosted its stake in TransDigm Group by 17.8% in the 4th quarter. Merit Financial Group LLC now owns 583 shares of the aerospace company's stock worth $739,000 after purchasing an additional 88 shares during the period. Trust Co. of Vermont grew its holdings in TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after buying an additional 15 shares in the last quarter. Finally, HB Wealth Management LLC raised its position in shares of TransDigm Group by 8.0% during the fourth quarter. HB Wealth Management LLC now owns 731 shares of the aerospace company's stock valued at $927,000 after buying an additional 54 shares during the last quarter. Institutional investors own 95.78% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on TDG shares. Wells Fargo & Company lifted their price target on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Susquehanna boosted their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. UBS Group raised their price target on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Wall Street Zen raised TransDigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Finally, Northcoast Research upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a research report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,490.20.
Check Out Our Latest Analysis on TDG
Insider Buying and Selling at TransDigm Group
In related news, Director Robert J. Small sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $1,340.20, for a total transaction of $26,804,000.00. Following the transaction, the director now directly owns 95,356 shares of the company's stock, valued at $127,796,111.20. This trade represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $1,346.30, for a total value of $7,366,953.60. Following the completion of the transaction, the director now directly owns 21,548 shares of the company's stock, valued at approximately $29,010,072.40. The trade was a 20.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 149,713 shares of company stock valued at $208,099,857 in the last ninety days. Corporate insiders own 4.09% of the company's stock.
TransDigm Group Trading Up 2.0%
Shares of TDG stock traded up $28.78 during trading hours on Monday, reaching $1,433.93. 430,436 shares of the stock were exchanged, compared to its average volume of 261,355. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,488.54. The company's 50-day moving average price is $1,368.69 and its 200-day moving average price is $1,327.39. The firm has a market capitalization of $80.54 billion, a price-to-earnings ratio of 50.58, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09.
TransDigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.83 by $0.28. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business's revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $7.99 earnings per share. On average, sell-side analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current year.
TransDigm Group Profile
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Free Report)
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.
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