Summit Financial LLC Acquires 28 Shares of TransDigm Group Incorporated (NYSE:TDG)

Summit Financial LLC lifted its stake in TransDigm Group Incorporated (NYSE:TDG) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 533 shares of the aerospace company’s stock after purchasing an additional 28 shares during the quarter. Summit Financial LLC’s holdings in TransDigm Group were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Edmond DE Rothschild Holding S.A. grew its stake in shares of TransDigm Group by 105.7% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 288 shares of the aerospace company’s stock worth $365,000 after acquiring an additional 148 shares during the last quarter. Meeder Asset Management Inc. increased its stake in TransDigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 21 shares in the last quarter. Wellington Management Group LLP raised its holdings in TransDigm Group by 26.5% in the fourth quarter. Wellington Management Group LLP now owns 2,419 shares of the aerospace company’s stock worth $3,066,000 after buying an additional 506 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of TransDigm Group by 24.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,394 shares of the aerospace company’s stock worth $5,568,000 after buying an additional 858 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of TransDigm Group by 15.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 200,469 shares of the aerospace company’s stock valued at $257,065,000 after buying an additional 26,939 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Up 0.2 %

Shares of TDG stock opened at $1,400.28 on Thursday. The stock has a market cap of $78.53 billion, a P/E ratio of 49.39, a PEG ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The company’s fifty day simple moving average is $1,345.69 and its two-hundred day simple moving average is $1,330.65.

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. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $7.16 earnings per share. TransDigm Group’s revenue was up 12.1% on a year-over-year basis. On average, analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In related news, Director Robert J. Small sold 1,000 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the sale, the director now owns 95,147 shares in the company, valued at approximately $127,042,177.34. This represents a 1.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,896,144. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,594 shares of company stock worth $165,646,468 over the last ninety days. Company insiders own 4.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TDG. StockNews.com cut TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday. Barclays reiterated an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Citigroup lifted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and an average target price of $1,480.12.

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.