Morse Asset Management Inc Increases Stake in TransDigm Group Incorporated (NYSE:TDG)

Morse Asset Management Inc increased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 108.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,001 shares of the aerospace company’s stock after purchasing an additional 1,042 shares during the quarter. Morse Asset Management Inc’s holdings in TransDigm Group were worth $2,464,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of TransDigm Group by 0.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock valued at $1,190,000 after acquiring an additional 8 shares during the last quarter. Team Hewins LLC lifted its position in TransDigm Group by 3.0% in the first quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock valued at $339,000 after purchasing an additional 8 shares during the last quarter. Souders Financial Advisors boosted its stake in shares of TransDigm Group by 1.1% during the first quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock valued at $945,000 after purchasing an additional 8 shares during the period. Coldstream Capital Management Inc. grew its holdings in shares of TransDigm Group by 1.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock worth $577,000 after purchasing an additional 9 shares during the last quarter. Finally, Checchi Capital Advisers LLC increased its stake in shares of TransDigm Group by 1.0% in the first quarter. Checchi Capital Advisers LLC now owns 918 shares of the aerospace company’s stock worth $1,131,000 after buying an additional 9 shares during the period. 95.78% of the stock is owned by institutional investors.

Insider Activity at TransDigm Group

In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the sale, the insider now directly owns 50 shares of the company’s stock, valued at $66,967. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director W Nicholas Howley sold 197 shares of the business’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jessica L. Warren sold 925 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the sale, the insider now owns 50 shares in the company, valued at $66,967. The disclosure for this sale can be found here. Insiders sold a total of 105,905 shares of company stock valued at $137,900,519 in the last 90 days. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Stock Performance

Shares of TransDigm Group stock traded up $6.44 during trading on Friday, hitting $1,234.86. The company’s stock had a trading volume of 207,905 shares, compared to its average volume of 264,088. TransDigm Group Incorporated has a 52 week low of $802.46 and a 52 week high of $1,369.57. The company has a market capitalization of $69.10 billion, a PE ratio of 48.98, a P/E/G ratio of 2.07 and a beta of 1.38. The company has a fifty day simple moving average of $1,297.49 and a two-hundred day simple moving average of $1,223.96.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the firm earned $5.39 earnings per share. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. As a group, analysts predict that TransDigm Group Incorporated will post 30.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TDG shares. Barclays increased their price target on shares of TransDigm Group from $1,250.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Monday, May 13th. Wells Fargo & Company raised their target price on TransDigm Group from $1,260.00 to $1,390.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 8th. TD Cowen upped their price target on TransDigm Group from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. KeyCorp lifted their price objective on TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Finally, StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 18th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,417.69.

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.