Bradley Foster & Sargent Inc. CT Invests $271,000 in TransDigm Group Incorporated (NYSE:TDG)

Bradley Foster & Sargent Inc. CT bought a new stake in TransDigm Group Incorporated (NYSE:TDG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 212 shares of the aerospace company’s stock, valued at approximately $271,000.

A number of other large investors have also recently bought and sold shares of the company. UBS Group AG increased its stake in shares of TransDigm Group by 9.4% in the fourth quarter. UBS Group AG now owns 36,433 shares of the aerospace company’s stock worth $36,856,000 after acquiring an additional 3,120 shares during the period. Coldstream Capital Management Inc. boosted its holdings in TransDigm Group by 1.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock valued at $577,000 after purchasing an additional 9 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in TransDigm Group during the 4th quarter worth about $291,000. Corient Private Wealth LLC raised its stake in shares of TransDigm Group by 3.2% during the 4th quarter. Corient Private Wealth LLC now owns 13,726 shares of the aerospace company’s stock valued at $13,886,000 after buying an additional 429 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in TransDigm Group by 2.9% in the fourth quarter. Assetmark Inc. now owns 5,529 shares of the aerospace company’s stock valued at $5,594,000 after acquiring an additional 154 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Price Performance

TDG opened at $1,388.25 on Friday. The company’s 50 day simple moving average is $1,290.70 and its two-hundred day simple moving average is $1,273.34. The firm has a market capitalization of $77.89 billion, a price-to-earnings ratio of 55.07, a price-to-earnings-growth 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 $1,400.63.

TransDigm Group (NYSE:TDG) last announced its quarterly 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 firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the company posted $6.55 EPS. The company’s revenue was up 17.3% compared to the same quarter last year. On average, equities analysts anticipate that TransDigm Group Incorporated will post 30.69 earnings per share for the current fiscal year.

Insider Activity

In other news, Director W Nicholas Howley sold 5,073 shares of TransDigm Group stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $26,769,080.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other TransDigm Group 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 owns 21,548 shares of the company’s stock, valued at $26,769,080.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were 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 sold a total of 36,545 shares of company stock valued at $46,454,828 in the last 90 days. Company insiders own 4.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TDG. Stifel Nicolaus upped their price objective on shares of 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. Wells Fargo & Company lowered 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. Northcoast Research started coverage on TransDigm Group in a research report on Thursday, August 1st. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft increased their target price on TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Finally, StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus price target 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.