Adams Diversified Equity Fund Inc. Sells 8,400 Shares of TransDigm Group Incorporated (NYSE:TDG)

Adams Diversified Equity Fund Inc. lowered its stake in TransDigm Group Incorporated (NYSE:TDG) by 49.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,500 shares of the aerospace company’s stock after selling 8,400 shares during the period. Adams Diversified Equity Fund Inc.’s holdings in TransDigm Group were worth $10,772,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Erste Asset Management GmbH bought a new stake in TransDigm Group in the third quarter valued at $29,000. Capital Advisors Ltd. LLC boosted its holdings in TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 16 shares in the last quarter. Trust Co. of Vermont boosted its holdings in TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 15 shares in the last quarter. Versant Capital Management Inc lifted its position in TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after buying an additional 18 shares during the period. Finally, Sachetta LLC lifted its position in TransDigm Group by 105.9% during the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock valued at $44,000 after buying an additional 18 shares during the period. Institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

TDG has been the subject of several recent research reports. Barclays reissued an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Citigroup raised their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a research report on Monday, February 24th. Finally, StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus target price of $1,472.47.

TransDigm Group Stock Performance

NYSE TDG opened at $1,359.90 on Friday. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32. The stock has a 50-day moving average of $1,333.54 and a 200 day moving average of $1,327.55. The company has a market capitalization of $76.27 billion, a price-to-earnings ratio of 47.97, a PEG ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $7.16 EPS. On average, equities analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $27,942,799.96. The trade was a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert J. Small sold 3,650 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $1,322.19, for a total value of $4,825,993.50. Following the sale, the director now owns 15,539 shares of the company’s stock, valued at approximately $20,545,510.41. This represents a 19.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,594 shares of company stock worth $161,566,348 in the last three months. 4.09% of the stock is currently owned by company insiders.

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.