609 Shares in TransDigm Group Incorporated (NYSE:TDG) Acquired by MQS Management LLC

MQS Management LLC bought a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 609 shares of the aerospace company’s stock, valued at approximately $778,000. TransDigm Group accounts for 0.5% of MQS Management LLC’s investment portfolio, making the stock its 29th biggest position.

Other hedge funds also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. raised its position in TransDigm Group by 0.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock valued at $1,190,000 after buying an additional 8 shares during the period. Team Hewins LLC lifted its position in TransDigm Group by 3.0% in the 1st quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock worth $339,000 after buying an additional 8 shares in the last quarter. Souders Financial Advisors boosted its stake in shares of TransDigm Group by 1.1% during the 1st quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock valued at $945,000 after buying an additional 8 shares during the period. Bennett Selby Investments LP grew its holdings in shares of TransDigm Group by 2.4% during the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock valued at $429,000 after acquiring an additional 8 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its stake in shares of TransDigm Group by 1.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock worth $577,000 after acquiring an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TDG shares. Morgan Stanley lifted their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Northcoast Research began coverage on shares of TransDigm Group in a research report on Thursday, August 1st. They set a “neutral” rating on the stock. Susquehanna boosted their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft increased their price target on TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Finally, StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,438.24.

TransDigm Group Trading Down 0.1 %

Shares of NYSE:TDG opened at $1,373.70 on Thursday. The business’s 50 day moving average is $1,288.02 and its 200-day moving average is $1,272.53. The firm has a market capitalization of $77.08 billion, a PE ratio of 54.49, a PEG ratio of 2.16 and a beta of 1.42. TransDigm Group Incorporated has a 1-year low of $802.46 and a 1-year high of $1,396.13.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating 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 business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the business earned $6.55 EPS. The firm’s revenue was up 17.3% on a year-over-year basis. On average, sell-side analysts predict that TransDigm Group Incorporated will post 30.69 EPS for the current year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on 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 completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,469,760. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director W Nicholas Howley sold 5,073 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $26,769,080.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,469,760. The disclosure for this sale can be found here. Insiders have sold 36,545 shares of company stock worth $46,454,828 over the last three months. Company insiders own 4.96% of the company’s stock.

TransDigm Group 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.