TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Strong Tower Advisory Services

Strong Tower Advisory Services lifted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 604 shares of the aerospace company’s stock after purchasing an additional 16 shares during the quarter. Strong Tower Advisory Services’ holdings in TransDigm Group were worth $612,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TDG. Deutsche Bank AG lifted its position in shares of TransDigm Group by 1,947.8% during the third quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after purchasing an additional 3,225,771 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of TransDigm Group by 128.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 818,757 shares of the aerospace company’s stock worth $603,465,000 after purchasing an additional 459,787 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of TransDigm Group by 46.1% during the third quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock worth $933,765,000 after purchasing an additional 349,409 shares in the last quarter. Norges Bank acquired a new stake in shares of TransDigm Group during the fourth quarter worth about $180,823,000. Finally, FMR LLC lifted its position in shares of TransDigm Group by 9.0% during the third quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock worth $1,392,355,000 after purchasing an additional 136,834 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TDG. KeyCorp increased their price target on shares of TransDigm Group from $1,180.00 to $1,220.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Barclays increased their price target on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. increased their price target on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a research note on Wednesday. Stifel Nicolaus increased their price target on shares of TransDigm Group from $1,000.00 to $1,050.00 and gave the company a “hold” rating in a research note on Tuesday, January 23rd. Finally, William Blair assumed coverage on shares of TransDigm Group in a research report on Tuesday, December 12th. They set an “outperform” rating on the stock. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus price target of $1,119.00.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 38,863 shares of TransDigm Group stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $1,015.05, for a total value of $39,447,888.15. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $21,872,297.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other TransDigm Group news, Director W Nicholas Howley sold 38,863 shares of TransDigm Group stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $1,015.05, for a total value of $39,447,888.15. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $21,872,297.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $1,022.29, for a total value of $3,066,870.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $3,680,244. The disclosure for this sale can be found here. Insiders sold 91,480 shares of company stock worth $100,102,829 in the last 90 days. 4.96% of the stock is owned by company insiders.

TransDigm Group Price Performance

Shares of NYSE TDG opened at $1,231.60 on Friday. The stock has a fifty day moving average price of $1,151.05 and a 200 day moving average price of $1,004.27. TransDigm Group Incorporated has a 1-year low of $714.98 and a 1-year high of $1,238.95. The company has a market cap of $68.49 billion, a PE ratio of 52.28, a P/E/G ratio of 2.52 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping the consensus estimate of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the company earned $4.15 earnings per share. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. Analysts anticipate that TransDigm Group Incorporated will post 29.03 earnings per share for the current fiscal 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.