Alta Advisers Ltd Purchases 50 Shares of TransDigm Group Incorporated (NYSE:TDG)

Alta Advisers Ltd increased its position in TransDigm Group Incorporated (NYSE:TDG) by 50.0% during the second quarter, Holdings Channel reports. The firm owned 150 shares of the aerospace company’s stock after buying an additional 50 shares during the quarter. Alta Advisers Ltd’s holdings in TransDigm Group were worth $192,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC raised its stake in TransDigm Group by 283.3% in the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after buying an additional 17 shares during the period. ORG Partners LLC bought a new stake in TransDigm Group in the first quarter valued at approximately $30,000. Meeder Asset Management Inc. raised its stake in TransDigm Group by 275.0% in the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after buying an additional 22 shares during the period. Central Pacific Bank Trust Division bought a new stake in TransDigm Group in the first quarter valued at approximately $39,000. Finally, Frazier Financial Advisors LLC bought a new stake in TransDigm Group in the fourth quarter valued at approximately $43,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TDG has been the topic of several research analyst reports. KeyCorp upped their price objective on TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Wells Fargo & Company lowered their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Jefferies Financial Group lowered their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $1,500.00 target price on shares of TransDigm Group in a research note on Wednesday, August 7th. Finally, Susquehanna increased their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, TransDigm Group has an average rating of “Moderate Buy” and an average price target of $1,438.24.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,367.76 on Friday. The stock’s fifty day moving average price is $1,281.89 and its two-hundred day moving average price is $1,267.76. The company has a market cap of $76.75 billion, a PE ratio of 54.25, a P/E/G ratio of 2.09 and a beta of 1.42. TransDigm Group Incorporated has a fifty-two week low of $802.46 and a fifty-two week high of $1,380.83.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share 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 the consensus estimate of $2.01 billion. During the same quarter last year, the business posted $6.55 EPS. The company’s revenue was up 17.3% compared to the same quarter last year. On average, equities analysts predict that TransDigm Group Incorporated will post 30.69 EPS for the current fiscal year.

Insider Activity at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total transaction of $12,486,000.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,186,078.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,186,078.80. The disclosure for this sale can be found here. Insiders have sold a total of 28,073 shares of company stock valued at $34,795,388 in the last 90 days. 4.96% of the stock is owned by corporate insiders.

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.