Promus Capital LLC Purchases New Position in TransDigm Group Incorporated (NYSE:TDG)

Promus Capital LLC purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 298 shares of the aerospace company’s stock, valued at approximately $378,000.

Several other institutional investors also recently bought and sold shares of TDG. Cullen Frost Bankers Inc. increased its position in shares of TransDigm Group by 8,750.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 177 shares of the aerospace company’s stock valued at $224,000 after buying an additional 175 shares in the last quarter. Arizona State Retirement System increased its position in shares of TransDigm Group by 0.5% in the fourth quarter. Arizona State Retirement System now owns 16,131 shares of the aerospace company’s stock valued at $20,442,000 after buying an additional 87 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of TransDigm Group by 125.9% in the fourth quarter. Proficio Capital Partners LLC now owns 576 shares of the aerospace company’s stock valued at $730,000 after buying an additional 321 shares in the last quarter. Assetmark Inc. increased its position in shares of TransDigm Group by 0.4% in the fourth quarter. Assetmark Inc. now owns 6,219 shares of the aerospace company’s stock valued at $7,882,000 after buying an additional 25 shares in the last quarter. Finally, Snider Financial Group increased its position in shares of TransDigm Group by 20.7% in the fourth quarter. Snider Financial Group now owns 2,724 shares of the aerospace company’s stock valued at $3,452,000 after buying an additional 468 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Stock Up 1.9 %

Shares of TransDigm Group stock opened at $1,376.10 on Thursday. TransDigm Group Incorporated has a 52 week low of $1,136.27 and a 52 week high of $1,451.32. The business’s fifty day simple moving average is $1,318.10 and its 200-day simple moving average is $1,326.26. The firm has a market cap of $77.18 billion, a PE ratio of 48.54, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the company posted $7.16 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TDG shares. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Citigroup lifted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,472.47.

Insider Activity

In related news, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Small sold 38,053 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the sale, the director now owns 567,323 shares in the company, valued at $708,461,615.94. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,647 shares of company stock valued at $155,847,223 in the last quarter. Insiders own 4.09% of the company’s stock.

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.