Inspire Investing LLC Sells 291 Shares of TransDigm Group Incorporated (NYSE:TDG)

Inspire Investing LLC trimmed its stake in TransDigm Group Incorporated (NYSE:TDG) by 30.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 675 shares of the aerospace company’s stock after selling 291 shares during the period. Inspire Investing LLC’s holdings in TransDigm Group were worth $862,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MQS Management LLC acquired a new position in TransDigm Group during the 2nd quarter worth $778,000. Glass Jacobson Investment Advisors llc bought a new position in shares of TransDigm Group in the second quarter worth about $158,000. Zega Financial LLC lifted its position in shares of TransDigm Group by 8.1% during the 2nd quarter. Zega Financial LLC now owns 656 shares of the aerospace company’s stock worth $838,000 after purchasing an additional 49 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in TransDigm Group by 9.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,224 shares of the aerospace company’s stock valued at $5,315,000 after purchasing an additional 371 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in TransDigm Group by 12.0% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 870 shares of the aerospace company’s stock valued at $1,112,000 after buying an additional 93 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $4,469,760. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated 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 completion of the sale, the director now directly owns 21,548 shares in the company, valued at $29,659,098.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,469,760. The disclosure for this sale can be found here. Insiders have sold a total of 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Bank of America increased their price objective on TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of 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. Jefferies Financial Group cut their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus boosted their price target on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research note on Friday, June 7th. Eight 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,438.24.

TransDigm Group Stock Performance

TDG opened at $1,408.03 on Friday. The firm has a market cap of $78.79 billion, a price-to-earnings ratio of 55.85, a PEG ratio of 2.16 and a beta of 1.42. The firm’s 50-day simple moving average is $1,294.01 and its 200-day simple moving average is $1,274.97. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,419.99.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping 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 period in the prior year, the firm earned $6.55 earnings per share. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that TransDigm Group Incorporated will post 30.69 EPS for the current fiscal year.

TransDigm Group Company 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.