Wedge Capital Management L L P NC Has $63.79 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Wedge Capital Management L L P NC cut its stake in TransDigm Group Incorporated (NYSE:TDG) by 31.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,928 shares of the aerospace company’s stock after selling 22,753 shares during the quarter. TransDigm Group makes up 1.1% of Wedge Capital Management L L P NC’s portfolio, making the stock its 19th biggest holding. Wedge Capital Management L L P NC’s holdings in TransDigm Group were worth $63,789,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of TDG. International Assets Investment Management LLC increased its stake in shares of TransDigm Group by 97,711.9% in the fourth quarter. International Assets Investment Management LLC now owns 41,081 shares of the aerospace company’s stock worth $41,558,000 after acquiring an additional 41,039 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in TransDigm Group during the fourth quarter worth $242,000. Koshinski Asset Management Inc. acquired a new position in TransDigm Group during the fourth quarter worth $295,000. Simplicity Solutions LLC increased its position in TransDigm Group by 7.0% during the fourth quarter. Simplicity Solutions LLC now owns 1,393 shares of the aerospace company’s stock worth $1,409,000 after buying an additional 91 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in TransDigm Group during the fourth quarter worth $3,338,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on TDG shares. Stifel Nicolaus increased their target price on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a research report on Friday, June 7th. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. UBS Group lowered their target price on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Susquehanna upped their price target on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, Northcoast Research began coverage on shares of TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating for the company. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,422.94.

TransDigm Group Price Performance

Shares of NYSE TDG traded up $23.98 during mid-day trading on Thursday, hitting $1,272.34. The company had a trading volume of 202,217 shares, compared to its average volume of 226,133. The business’s 50-day simple moving average is $1,273.16 and its 200-day simple moving average is $1,239.93. TransDigm Group Incorporated has a 12 month low of $802.46 and a 12 month high of $1,369.57. The firm has a market cap of $71.20 billion, a P/E ratio of 49.52, a PEG ratio of 2.06 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the business posted $6.55 earnings per share. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, sell-side analysts predict that TransDigm Group Incorporated will post 30.21 EPS for the current year.

Insider Buying and Selling

In related news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,019,981.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,019,981.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jessica L. Warren sold 925 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 50 shares of the company’s stock, valued at approximately $66,967. The disclosure for this sale can be found here. Insiders sold 102,708 shares of company stock valued at $133,146,005 over the last quarter. Corporate insiders own 4.96% of the company’s stock.

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.