Dimensional Fund Advisors LP Grows Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Dimensional Fund Advisors LP boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 10.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,303 shares of the aerospace company’s stock after purchasing an additional 13,746 shares during the quarter. Dimensional Fund Advisors LP owned about 0.25% of TransDigm Group worth $179,271,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of TransDigm Group by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock valued at $7,447,587,000 after acquiring an additional 58,243 shares during the period. Capital World Investors grew its holdings in TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after acquiring an additional 442,182 shares in the last quarter. Capital Research Global Investors grew its holdings in TransDigm Group by 1.6% during the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock worth $2,420,882,000 after acquiring an additional 30,393 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in TransDigm Group by 13.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock worth $2,056,109,000 after acquiring an additional 192,962 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in TransDigm Group by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 320,771 shares of the aerospace company’s stock worth $409,821,000 after acquiring an additional 1,035 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Up 1.1 %

TDG opened at $1,388.25 on Friday. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,400.63. The firm has a market capitalization of $77.89 billion, a PE ratio of 55.07, a P/E/G ratio of 2.16 and a beta of 1.42. The firm has a 50 day moving average of $1,290.70 and a two-hundred day moving average of $1,273.34.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the firm posted $6.55 EPS. TransDigm Group’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, analysts predict that TransDigm Group Incorporated will post 30.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a report on Friday, June 7th. Morgan Stanley raised their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Royal Bank of Canada restated an “outperform” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Wednesday, August 7th. Finally, Northcoast Research initiated coverage on shares of TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating on the stock. 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,438.24.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $29,659,098.16. The disclosure for this sale can be found here. Insiders have 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 company 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.