TransDigm Group Incorporated (NYSE:TDG) Stock Position Raised by Edgestream Partners L.P.

Edgestream Partners L.P. raised its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 45.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,201 shares of the aerospace company’s stock after purchasing an additional 1,629 shares during the quarter. Edgestream Partners L.P.’s holdings in TransDigm Group were worth $6,645,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TDG. Capital World Investors boosted its position in TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after acquiring an additional 442,182 shares during the period. JPMorgan Chase & Co. lifted its position in TransDigm Group by 13.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock worth $2,056,109,000 after buying an additional 192,962 shares in the last quarter. Argent Capital Management LLC acquired a new position in shares of TransDigm Group in the first quarter worth $75,910,000. Vanguard Group Inc. grew its stake in shares of TransDigm Group by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock valued at $7,447,587,000 after buying an additional 58,243 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of TransDigm Group by 58.0% in the 4th quarter. Hsbc Holdings PLC now owns 86,954 shares of the aerospace company’s stock valued at $87,923,000 after purchasing an additional 31,909 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Morgan Stanley increased their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of TransDigm Group from $1,350.00 to $1,435.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. KeyCorp raised their target price on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Royal Bank of Canada reissued an “outperform” rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Wednesday, August 7th. Finally, Stifel Nicolaus raised their price target on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research report on Friday, June 7th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,438.24.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,373.19 on Tuesday. The business has a 50 day simple moving average of $1,283.91 and a 200 day simple moving average of $1,270.47. The company has a market capitalization of $76.84 billion, a PE ratio of 54.47, a price-to-earnings-growth ratio of 2.12 and a beta of 1.42. TransDigm Group Incorporated has a one year low of $802.46 and a one year high of $1,388.41.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating the consensus estimate of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company earned $6.55 EPS. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. Equities analysts anticipate that TransDigm Group Incorporated will post 30.69 earnings per share for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,186,078.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,186,078.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,073 shares of company stock valued at $34,795,388. 4.96% of the stock is currently owned by insiders.

About TransDigm Group

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.