Proficio Capital Partners LLC Grows Position in TransDigm Group Incorporated (NYSE:TDG)

Proficio Capital Partners LLC grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 4.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 561 shares of the aerospace company’s stock after acquiring an additional 26 shares during the quarter. Proficio Capital Partners LLC’s holdings in TransDigm Group were worth $691,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of TransDigm Group in the fourth quarter valued at $25,000. Oakworth Capital Inc. purchased a new stake in shares of TransDigm Group in the fourth quarter valued at $26,000. Central Pacific Bank Trust Division purchased a new stake in shares of TransDigm Group in the first quarter valued at $39,000. Oliver Lagore Vanvalin Investment Group grew its position in shares of TransDigm Group by 48.0% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 12 shares during the period. Finally, VisionPoint Advisory Group LLC purchased a new stake in shares of TransDigm Group in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

TDG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a report on Thursday, June 20th. JPMorgan Chase & Co. lifted their target price on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. UBS Group lifted their target price on TransDigm Group from $1,403.00 to $1,466.00 and gave the company a “neutral” rating in a report on Monday, July 1st. Citigroup lifted their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, The Goldman Sachs Group lifted their target price on TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,414.06.

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 197 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total value of $259,673.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 197 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The disclosure for this sale can be found here. Insiders sold a total of 100,833 shares of company stock valued at $131,249,183 over the last three months. 4.96% of the stock is owned by insiders.

TransDigm Group Stock Performance

Shares of NYSE:TDG traded down $1.42 during trading on Tuesday, hitting $1,270.76. The company’s stock had a trading volume of 167,695 shares, compared to its average volume of 220,738. TransDigm Group Incorporated has a fifty-two week low of $802.46 and a fifty-two week high of $1,369.57. The stock’s 50-day moving average price is $1,307.97 and its two-hundred day moving average price is $1,200.82. The company has a market capitalization of $71.11 billion, a PE ratio of 50.41, a PEG ratio of 2.15 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, topping the consensus estimate of $7.42 by $0.57. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the firm posted $5.39 earnings per share. The company’s revenue was up 20.5% compared to the same quarter last year. On average, equities analysts predict that TransDigm Group Incorporated will post 30.11 earnings per share for the current fiscal year.

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.