Gulf International Bank UK Ltd Has $6.15 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Gulf International Bank UK Ltd lifted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 10.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,994 shares of the aerospace company’s stock after purchasing an additional 483 shares during the quarter. Gulf International Bank UK Ltd’s holdings in TransDigm Group were worth $6,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TDG. Aprio Wealth Management LLC bought a new stake in TransDigm Group in the 1st quarter valued at approximately $232,000. Park Avenue Securities LLC raised its stake in shares of TransDigm Group by 6.2% during the 1st quarter. Park Avenue Securities LLC now owns 837 shares of the aerospace company’s stock worth $1,031,000 after purchasing an additional 49 shares in the last quarter. Yarbrough Capital LLC bought a new stake in shares of TransDigm Group during the 1st quarter worth approximately $436,000. KMG Fiduciary Partners LLC bought a new stake in shares of TransDigm Group during the 1st quarter worth approximately $239,000. Finally, Wedmont Private Capital raised its stake in shares of TransDigm Group by 3.9% during the 1st quarter. Wedmont Private Capital now owns 674 shares of the aerospace company’s stock worth $820,000 after purchasing an additional 25 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Trading Down 0.6 %

TDG opened at $1,321.09 on Friday. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,369.57. The stock has a 50-day moving average price of $1,294.61 and a 200-day moving average price of $1,174.47. The stock has a market capitalization of $73.93 billion, a P/E ratio of 52.40, a PEG ratio of 2.26 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 for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. The company had revenue of $1.92 billion during 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 for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.39 EPS. On average, equities research analysts predict that TransDigm Group Incorporated will post 29.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TDG. Deutsche Bank Aktiengesellschaft upped 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. Robert W. Baird increased their price target on TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Susquehanna increased their price target 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. Stifel Nicolaus increased their price target on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research note on Friday, June 7th. Finally, KeyCorp increased their price target 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. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,403.88.

Insider Transactions at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on 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 owns 8,158 shares in the company, valued at approximately $9,921,433.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of the stock in a transaction 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 in the company, valued at approximately $66,967. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $9,921,433.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,833 shares of company stock valued at $131,249,183. 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.