AlphaCrest Capital Management LLC Buys New Stake in TransDigm Group Incorporated (NYSE:TDG)

AlphaCrest Capital Management LLC bought a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) in the 1st quarter, Holdings Channel reports. The firm bought 900 shares of the aerospace company’s stock, valued at approximately $409,000.

Several other large investors have also made changes to their positions in the business. Lenox Wealth Management Inc. bought a new position in TransDigm Group in the first quarter worth approximately $25,000. Bremer Bank National Association bought a new position in TransDigm Group in the first quarter worth approximately $32,000. Pinnacle Bank bought a new position in TransDigm Group in the fourth quarter worth approximately $37,000. Machina Capital S.A.S. bought a new position in TransDigm Group in the fourth quarter worth approximately $39,000. Finally, JOYN Advisors Inc. raised its stake in TransDigm Group by 33.3% in the fourth quarter. JOYN Advisors Inc. now owns 132 shares of the aerospace company’s stock worth $45,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 99.09% of the company’s stock.

In related news, Chairman W Nicholas Howley sold 17,083 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $475.09, for a total value of $8,115,962.47. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Staer sold 2,500 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $464.67, for a total value of $1,161,675.00. Following the completion of the transaction, the director now directly owns 1,691 shares in the company, valued at $785,756.97. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,749 shares of company stock worth $25,047,126. 11.00% of the stock is owned by insiders.

NYSE TDG opened at $469.11 on Thursday. TransDigm Group Incorporated has a 1 year low of $307.36 and a 1 year high of $489.95. The firm has a market capitalization of $25.22 billion, a P/E ratio of 27.61, a PEG ratio of 2.46 and a beta of 1.05.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 7th. The aerospace company reported $4.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.48. TransDigm Group had a negative return on equity of 50.29% and a net margin of 19.44%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm earned $3.79 EPS. The firm’s revenue was up 28.2% on a year-over-year basis. Research analysts predict that TransDigm Group Incorporated will post 16.12 earnings per share for the current year.

A number of equities analysts have recently issued reports on TDG shares. Credit Suisse Group upped their price target on TransDigm Group from $476.00 to $539.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Canaccord Genuity reaffirmed a “buy” rating and set a $520.00 price target (up from $460.00) on shares of TransDigm Group in a research report on Wednesday, May 8th. JPMorgan Chase & Co. upped their price target on TransDigm Group from $465.00 to $515.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 14th. Zacks Investment Research raised TransDigm Group from a “hold” rating to a “buy” rating and set a $513.00 price target on the stock in a research report on Tuesday, April 16th. Finally, Cowen reaffirmed a “buy” rating and set a $520.00 price target (up from $460.00) on shares of TransDigm Group in a research report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. TransDigm Group presently has an average rating of “Buy” and a consensus target price of $468.09.

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TransDigm Group Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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