SRS Capital Advisors Inc. Sells 265 Shares of TransDigm Group Incorporated (NYSE:TDG)

SRS Capital Advisors Inc. reduced its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 17.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,289 shares of the aerospace company’s stock after selling 265 shares during the quarter. SRS Capital Advisors Inc.’s holdings in TransDigm Group were worth $1,647,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TDG. Norges Bank acquired a new stake in shares of TransDigm Group in the 4th quarter valued at approximately $790,822,000. Capital World Investors lifted its holdings in TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after purchasing an additional 442,182 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in TransDigm Group by 13.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after purchasing an additional 192,962 shares during the last quarter. Argent Capital Management LLC acquired a new stake in TransDigm Group during the 1st quarter valued at $75,910,000. Finally, Vanguard Group Inc. lifted its holdings in TransDigm Group by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock valued at $7,447,587,000 after purchasing an additional 58,243 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert J. Small sold 21,210 shares of TransDigm Group stock in a transaction that occurred on 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 transaction, the director now directly owns 100,962 shares of the company’s stock, valued at $132,852,866.94. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Robert J. Small sold 21,210 shares of TransDigm Group stock in a transaction that occurred on 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 transaction, the director now directly owns 100,962 shares of the company’s stock, valued at $132,852,866.94. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,019,981.92. The disclosure for this sale can be found here. Insiders have sold a total of 71,783 shares of company stock valued at $92,191,316 over the last ninety days. 4.96% of the stock is owned by company insiders.

TransDigm Group Trading Down 2.6 %

TransDigm Group stock traded down $35.11 during midday trading on Friday, reaching $1,294.17. The company’s stock had a trading volume of 157,071 shares, compared to its average volume of 193,316. TransDigm Group Incorporated has a 52 week low of $802.46 and a 52 week high of $1,380.83. The business has a 50-day moving average price of $1,276.20 and a 200-day moving average price of $1,262.52. The stock has a market cap of $72.62 billion, a PE ratio of 51.34, a price-to-earnings-growth ratio of 2.14 and a beta of 1.42.

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

Analyst Upgrades and Downgrades

TDG has been the subject of several research reports. Susquehanna raised their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Wells Fargo & Company cut their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada reissued an “outperform” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Wednesday, August 7th. UBS Group dropped their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Finally, Bank of America lifted their target price on TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Eight investment 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, TransDigm Group has a consensus rating of “Moderate Buy” and an average target price 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.