TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Symmetry Investments LP

Symmetry Investments LP lessened its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 11.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,997 shares of the aerospace company’s stock after selling 1,361 shares during the period. TransDigm Group accounts for approximately 1.6% of Symmetry Investments LP’s investment portfolio, making the stock its 14th biggest holding. Symmetry Investments LP’s holdings in TransDigm Group were worth $14,050,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG lifted its position in TransDigm Group by 9.4% in the fourth quarter. UBS Group AG now owns 36,433 shares of the aerospace company’s stock valued at $36,856,000 after acquiring an additional 3,120 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in shares of TransDigm Group in the 4th quarter valued at about $291,000. Corient Private Wealth LLC boosted its position in shares of TransDigm Group by 3.2% in the 4th quarter. Corient Private Wealth LLC now owns 13,726 shares of the aerospace company’s stock valued at $13,886,000 after purchasing an additional 429 shares during the period. Assetmark Inc. increased its position in TransDigm Group by 2.9% during the fourth quarter. Assetmark Inc. now owns 5,529 shares of the aerospace company’s stock worth $5,594,000 after buying an additional 154 shares during the period. Finally, Commerce Bank lifted its stake in TransDigm Group by 27.5% in the fourth quarter. Commerce Bank now owns 2,230 shares of the aerospace company’s stock valued at $2,256,000 after buying an additional 481 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TDG shares. Northcoast Research began coverage on shares of TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating on the stock. Jefferies Financial Group decreased their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Wells Fargo & Company dropped their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft increased their price objective on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Finally, KeyCorp boosted their target price on TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,438.24.

TransDigm Group Trading Up 1.3 %

TDG stock opened at $1,408.03 on Friday. TransDigm Group Incorporated has a 52 week low of $802.46 and a 52 week high of $1,419.99. The company has a market cap of $78.79 billion, a P/E ratio of 55.85, a P/E/G ratio of 2.16 and a beta of 1.42. The company’s 50-day moving average price is $1,294.01 and its 200 day moving average price is $1,274.97.

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

Insider Transactions at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,953,204. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,953,204. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $12,486,000.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,186,078.80. The disclosure for this sale can be found here. Insiders sold 36,545 shares of company stock valued at $46,454,828 in the last 90 days. 4.96% of the stock is currently owned by insiders.

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.