TransDigm Group Incorporated (NYSE:TDG) Position Lessened by Metis Global Partners LLC

Metis Global Partners LLC lowered its position in TransDigm Group Incorporated (NYSE:TDG) by 11.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,785 shares of the aerospace company’s stock after selling 222 shares during the quarter. Metis Global Partners LLC’s holdings in TransDigm Group were worth $1,806,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its stake in TransDigm Group by 9.8% in the third quarter. Commonwealth Equity Services LLC now owns 1,133 shares of the aerospace company’s stock valued at $956,000 after acquiring an additional 101 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in TransDigm Group by 66.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 1,744 shares of the aerospace company’s stock worth $1,471,000 after purchasing an additional 698 shares in the last quarter. Lindbrook Capital LLC increased its position in TransDigm Group by 71.4% during the third quarter. Lindbrook Capital LLC now owns 84 shares of the aerospace company’s stock worth $71,000 after buying an additional 35 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of TransDigm Group by 3.6% in the third quarter. Mackenzie Financial Corp now owns 4,127 shares of the aerospace company’s stock worth $3,352,000 after buying an additional 145 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in shares of TransDigm Group by 8.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 5,567 shares of the aerospace company’s stock worth $4,694,000 after acquiring an additional 429 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group boosted their target price on TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. KeyCorp raised their target price on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Susquehanna upped their price target on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “neutral” rating in a report on Wednesday. Barclays raised their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Monday, February 12th. Finally, 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 report on Wednesday, March 27th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average target price of $1,199.87.

TransDigm Group Trading Up 0.7 %

TDG opened at $1,310.40 on Wednesday. The firm’s fifty day simple moving average is $1,217.21 and its 200 day simple moving average is $1,083.86. TransDigm Group Incorporated has a 12 month low of $766.00 and a 12 month high of $1,315.02. The stock has a market capitalization of $72.87 billion, a P/E ratio of 55.62, a P/E/G ratio of 2.63 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the company earned $5.39 earnings per share. TransDigm Group’s quarterly revenue was up 20.5% on a year-over-year basis. On average, equities research analysts predict that TransDigm Group Incorporated will post 29.08 EPS for the current fiscal year.

Insider Activity at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,439,160. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other TransDigm Group news, Director W Nicholas Howley sold 2,391 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the completion of the sale, the director now owns 21,549 shares in the company, valued at $25,008,691.95. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,439,160. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,087 shares of company stock valued at $69,840,358. Corporate insiders own 4.96% of the company’s stock.

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.