TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 5.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,396 shares of the aerospace company’s stock after selling 369 shares during the quarter. Los Angeles Capital Management LLC’s holdings in TransDigm Group were worth $7,877,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TDG. Coldstream Capital Management Inc. increased its position in TransDigm Group by 1.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock valued at $577,000 after acquiring an additional 9 shares during the period. Quent Capital LLC raised its stake in shares of TransDigm Group by 8.8% during the fourth quarter. Quent Capital LLC now owns 123 shares of the aerospace company’s stock valued at $124,000 after purchasing an additional 10 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in TransDigm Group by 5.9% in 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 period. Venturi Wealth Management LLC lifted its holdings in TransDigm Group by 14.5% in 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 period. Finally, Valley National Advisers Inc. grew its position in TransDigm Group by 26.1% in the 3rd quarter. Valley National Advisers Inc. now owns 58 shares of the aerospace company’s stock valued at $49,000 after buying an additional 12 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analysts Set New Price Targets

TDG has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Robert W. Baird lifted their price target on TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Susquehanna upped their price objective on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Morgan Stanley raised their target price on TransDigm Group from $1,275.00 to $1,550.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. Finally, Royal Bank of Canada boosted their price target on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,371.19.

Insider Activity at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $9,921,433.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,439,160. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 3 shares of company stock valued at $1,690 and have sold 100,833 shares valued at $131,249,183. Insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

NYSE TDG opened at $1,339.48 on Thursday. The company has a 50 day simple moving average of $1,290.73 and a 200-day simple moving average of $1,169.40. TransDigm Group Incorporated has a 52-week low of $802.46 and a 52-week high of $1,369.57. The firm has a market capitalization of $74.96 billion, a price-to-earnings ratio of 53.13, a price-to-earnings-growth ratio of 2.28 and a beta of 1.39.

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. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the firm earned $5.39 EPS. The company’s revenue was up 20.5% compared to the same quarter last year. On average, analysts predict that TransDigm Group Incorporated will post 29.99 EPS for the current year.

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.