158 Shares in TransDigm Group Incorporated (NYSE:TDG) Acquired by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. bought a new stake in TransDigm Group Incorporated (NYSE:TDG) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 158 shares of the aerospace company’s stock, valued at approximately $202,000.

A number of other institutional investors have also bought and sold shares of the business. Fortitude Family Office LLC increased its position in TransDigm Group by 283.3% during the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 17 shares during the last quarter. ORG Partners LLC purchased a new stake in shares of TransDigm Group during the 1st quarter valued at approximately $30,000. Meeder Asset Management Inc. lifted its holdings in TransDigm Group by 275.0% in the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 22 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in TransDigm Group in the first quarter worth approximately $39,000. Finally, Frazier Financial Advisors LLC acquired a new stake in TransDigm Group during the fourth quarter worth $43,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Stock Up 0.4 %

NYSE:TDG opened at $1,373.19 on Tuesday. The company has a market capitalization of $76.84 billion, a PE ratio of 54.47, a P/E/G ratio of 2.12 and a beta of 1.42. TransDigm Group Incorporated has a 52-week low of $802.46 and a 52-week high of $1,388.41. The stock’s 50 day moving average price is $1,283.91 and its 200 day moving average price is $1,270.47.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the firm posted $6.55 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that TransDigm Group Incorporated will post 30.69 EPS 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 company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total transaction of $12,486,000.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,186,078.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total transaction of $12,486,000.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,186,078.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was 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 in the company, valued at $4,469,760. The disclosure for this sale can be found here. Insiders sold a total of 28,073 shares of company stock valued at $34,795,388 in the last ninety days. Insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

TDG has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Bank of America boosted their price target on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. KeyCorp increased their price objective on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Northcoast Research initiated coverage on TransDigm Group in a research report on Thursday, August 1st. They issued a “neutral” rating on the stock. Finally, UBS Group dropped their price target on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group currently has an average rating of “Moderate Buy” and an average price target of $1,438.24.

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.