OLD National Bancorp IN Sells 10 Shares of TransDigm Group Incorporated (NYSE:TDG)

OLD National Bancorp IN cut its stake in TransDigm Group Incorporated (NYSE:TDG) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 466 shares of the aerospace company’s stock after selling 10 shares during the period. OLD National Bancorp IN’s holdings in TransDigm Group were worth $471,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TDG. Compagnie Lombard Odier SCmA bought a new stake in TransDigm Group in the 4th quarter valued at $25,000. Oakworth Capital Inc. acquired a new stake in shares of TransDigm Group during the 4th quarter worth about $26,000. Optiver Holding B.V. acquired a new stake in shares of TransDigm Group during the 3rd quarter worth about $35,000. Oliver Lagore Vanvalin Investment Group increased its position in shares of TransDigm Group by 48.0% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 12 shares in the last quarter. Finally, Impact Partnership Wealth LLC acquired a new stake in shares of TransDigm Group during the 3rd quarter worth about $41,000. 95.78% of the stock is owned by institutional investors.

TransDigm Group Trading Down 0.1 %

Shares of NYSE TDG opened at $1,241.62 on Thursday. The firm’s 50-day moving average is $1,198.81 and its 200-day moving average is $1,055.92. TransDigm Group Incorporated has a 1 year low of $741.74 and a 1 year high of $1,255.59. The firm has a market capitalization of $69.05 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 2.53 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping the consensus estimate of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm earned $4.15 EPS. TransDigm Group’s quarterly revenue was up 28.1% compared to the same quarter last year. As a group, equities research analysts anticipate that TransDigm Group Incorporated will post 29.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 2,391 shares of TransDigm Group stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the transaction, the director now owns 21,549 shares of the company’s stock, valued at approximately $25,008,691.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director W Nicholas Howley sold 2,391 shares of TransDigm Group stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the completion of the transaction, the director now directly owns 21,549 shares in the company, valued at approximately $25,008,691.95. The disclosure for this sale can be found here. Insiders have sold 59,087 shares of company stock valued at $69,840,358 in the last 90 days. 4.96% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TDG shares. Citigroup increased their target price on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Barclays increased their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. The Goldman Sachs Group increased their target price on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Royal Bank of Canada raised their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Finally, KeyCorp raised their price objective on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a research report on Monday. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,170.27.

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.