Hanlon Investment Management Inc. Buys 17 Shares of TransDigm Group Incorporated (NYSE:TDG)

Hanlon Investment Management Inc. grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 709 shares of the aerospace company’s stock after buying an additional 17 shares during the period. Hanlon Investment Management Inc.’s holdings in TransDigm Group were worth $906,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TDG. Fortitude Family Office LLC raised its holdings in TransDigm Group by 283.3% in the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 17 shares in the last quarter. ORG Partners LLC bought a new stake in shares of TransDigm Group during the first quarter valued at approximately $30,000. VisionPoint Advisory Group LLC acquired a new position in shares of TransDigm Group in the fourth quarter valued at $37,000. Central Pacific Bank Trust Division bought a new position in TransDigm Group in the first quarter worth $39,000. Finally, Frazier Financial Advisors LLC bought a new position in TransDigm Group in the fourth quarter worth $43,000. Institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

TDG has been the topic of several analyst reports. Jefferies Financial Group lowered their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Stifel Nicolaus raised their price target on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a research note on Friday, June 7th. Morgan Stanley upped their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, KeyCorp raised their target price 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. 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,438.24.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1,308.52, for a total transaction of $13,085,200.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,674,906.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1,308.52, for a total value of $13,085,200.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,674,906.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert J. Small sold 21,210 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1,315.87, for a total value of $27,909,602.70. Following the sale, the director now directly owns 100,962 shares of the company’s stock, valued at $132,852,866.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,783 shares of company stock worth $92,191,316. Insiders own 4.96% of the company’s stock.

TransDigm Group Stock Down 2.6 %

TransDigm Group stock opened at $1,294.17 on Friday. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,380.83. The stock has a 50-day simple moving average of $1,276.20 and a 200 day simple moving average of $1,262.52. The stock has a market capitalization of $72.62 billion, a price-to-earnings ratio of 51.34, a P/E/G ratio of 2.14 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company’s revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm posted $6.55 earnings per share. As a group, sell-side analysts anticipate that TransDigm Group Incorporated will post 30.57 EPS for the current year.

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.