Procyon Advisors LLC Trims Holdings in TransDigm Group Incorporated (NYSE:TDG)

Procyon Advisors LLC reduced its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 10.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,762 shares of the aerospace company’s stock after selling 202 shares during the quarter. Procyon Advisors LLC’s holdings in TransDigm Group were worth $2,170,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Coldstream Capital Management Inc. boosted its stake in shares of TransDigm Group by 1.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock valued at $577,000 after buying an additional 9 shares during the last quarter. Quent Capital LLC lifted its stake in TransDigm Group by 8.8% during the fourth quarter. Quent Capital LLC now owns 123 shares of the aerospace company’s stock worth $124,000 after purchasing an additional 10 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in TransDigm Group by 5.9% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 180 shares of the aerospace company’s stock worth $197,000 after purchasing an additional 10 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in TransDigm Group by 14.5% during the fourth quarter. Venturi Wealth Management LLC now owns 87 shares of the aerospace company’s stock worth $88,000 after purchasing an additional 11 shares during the last quarter. Finally, Valley National Advisers Inc. lifted its stake in TransDigm Group by 26.1% during the third quarter. Valley National Advisers Inc. now owns 58 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 12 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Stock Performance

Shares of TDG opened at $1,288.65 on Friday. The stock’s fifty day moving average is $1,300.46 and its 200-day moving average is $1,181.65. The firm has a market capitalization of $72.11 billion, a price-to-earnings ratio of 51.12, a price-to-earnings-growth ratio of 2.20 and a beta of 1.39. TransDigm Group Incorporated has a one year low of $802.46 and a one year high of $1,369.57.

TransDigm Group (NYSE:TDG) last released its earnings results 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. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. TransDigm Group’s revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the company earned $5.39 earnings per share. Analysts forecast that TransDigm Group Incorporated will post 29.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jessica L. Warren sold 925 shares of TransDigm Group stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the transaction, the insider now directly owns 50 shares of the company’s stock, valued at $66,967. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Robert J. Small sold 21,210 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1,315.87, for a total value of $27,909,602.70. Following the completion of the transaction, the director now owns 100,962 shares in the company, valued at approximately $132,852,866.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jessica L. Warren sold 925 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the transaction, the insider now owns 50 shares of the company’s stock, valued at approximately $66,967. The disclosure for this sale can be found here. Insiders have sold a total of 100,833 shares of company stock valued at $131,249,183 over the last three months. Company insiders own 4.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TDG. JPMorgan Chase & Co. raised their price objective on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft raised their price objective on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Barclays raised their target price on TransDigm Group from $1,250.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. KeyCorp raised their target price on 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. Finally, Susquehanna raised their target price on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,410.13.

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.