Oak Ridge Investments LLC Has $12.40 Million Position in Transdigm Group Incorporated (NYSE:TDG)

Oak Ridge Investments LLC lowered its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 23.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,966 shares of the aerospace company’s stock after selling 2,749 shares during the period. Transdigm Group comprises about 1.0% of Oak Ridge Investments LLC’s investment portfolio, making the stock its 20th biggest holding. Oak Ridge Investments LLC’s holdings in Transdigm Group were worth $12,403,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TDG. E Fund Management Co. Ltd. bought a new position in shares of Transdigm Group during the 1st quarter valued at $202,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Transdigm Group by 0.5% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,693 shares of the aerospace company’s stock valued at $2,342,000 after purchasing an additional 8 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Transdigm Group during the 1st quarter valued at $84,000. National Pension Service raised its holdings in shares of Transdigm Group by 9.1% during the 1st quarter. National Pension Service now owns 127,113 shares of the aerospace company’s stock valued at $175,834,000 after purchasing an additional 10,603 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Transdigm Group by 2.7% in the 1st quarter. Russell Investments Group Ltd. now owns 68,641 shares of the aerospace company’s stock worth $94,947,000 after acquiring an additional 1,778 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on TDG shares. UBS Group boosted their target price on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Stifel Nicolaus initiated coverage on shares of Transdigm Group in a report on Tuesday, June 24th. They set a “buy” rating and a $1,710.00 price objective on the stock. KeyCorp dropped their price objective on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Susquehanna boosted their price objective on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Finally, The Goldman Sachs Group boosted their price objective on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Transdigm Group has a consensus rating of “Moderate Buy” and an average target price of $1,624.69.

Insider Transactions at Transdigm Group

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $1,434.35, for a total transaction of $4,303,050.00. Following the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $5,163,660. This represents a 45.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Small sold 45,700 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the transaction, the director owned 88,419 shares in the company, valued at $125,997,959.19. The trade was a 34.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,872 shares of company stock valued at $100,747,061. 4.09% of the stock is owned by company insiders.

Transdigm Group Stock Up 1.1%

NYSE:TDG opened at $1,426.83 on Thursday. The firm has a market cap of $80.40 billion, a PE ratio of 47.36, a price-to-earnings-growth ratio of 2.91 and a beta of 1.07. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82. The company’s 50-day moving average price is $1,505.21 and its two-hundred day moving average price is $1,412.01.

Transdigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.15). The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. Transdigm Group’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $9.00 earnings per share. On average, research analysts expect that Transdigm Group Incorporated will post 35.13 EPS 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.