Massachusetts Financial Services Co. MA Has $128.39 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Massachusetts Financial Services Co. MA cut its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 12.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,495 shares of the aerospace company’s stock after selling 13,904 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.18% of TransDigm Group worth $128,393,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its holdings in shares of TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 17 shares in the last quarter. ORG Partners LLC acquired a new stake in TransDigm Group during the first quarter worth $30,000. Meeder Asset Management Inc. increased its holdings in TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after buying an additional 22 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of TransDigm Group in the 1st quarter valued at $39,000. Finally, Crewe Advisors LLC bought a new position in shares of TransDigm Group during the 1st quarter worth about $46,000. 95.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,953,204. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $29,659,098.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,545 shares of company stock valued at $46,454,828. Company insiders own 4.96% of the company’s stock.

TransDigm Group Stock Down 0.1 %

Shares of TDG opened at $1,373.70 on Thursday. The stock’s fifty day simple moving average is $1,288.02 and its 200-day simple moving average is $1,272.53. The firm has a market capitalization of $77.08 billion, a PE ratio of 54.49, a price-to-earnings-growth ratio of 2.16 and a beta of 1.42. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,396.13.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company’s revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the company posted $6.55 EPS. Analysts anticipate that TransDigm Group Incorporated will post 30.69 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Wednesday, August 7th. JPMorgan Chase & Co. upped their price objective on TransDigm Group from $1,350.00 to $1,435.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. Stifel Nicolaus raised their target price on 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. Bank of America increased their price objective on TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, Jefferies Financial Group lowered their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,438.24.

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.