Bennett Selby Investments LP Grows Position in TransDigm Group Incorporated (NYSE:TDG)

Bennett Selby Investments LP raised its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 6.7% during the first quarter, HoldingsChannel reports. The firm owned 640 shares of the aerospace company’s stock after purchasing an additional 40 shares during the period. Bennett Selby Investments LP’s holdings in TransDigm Group were worth $885,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Capital Advisors Ltd. LLC boosted its stake in shares of TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 16 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in TransDigm Group during the fourth quarter worth $32,000. Meeder Asset Management Inc. lifted its holdings in TransDigm Group by 210.0% during the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company’s stock worth $39,000 after buying an additional 21 shares during the period. Golden State Wealth Management LLC bought a new stake in TransDigm Group during the 4th quarter valued at $73,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of TransDigm Group in the 4th quarter valued at $74,000. Institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

TDG has been the subject of a number of analyst reports. UBS Group raised their price objective on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Northcoast Research upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target on the stock in a report on Wednesday, April 9th. Wall Street Zen raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 17th. Wells Fargo & Company increased their target price on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Finally, Susquehanna raised their target price on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,505.23.

Insider Activity

In related news, Director Robert J. Small sold 20,000 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $1,340.20, for a total value of $26,804,000.00. Following the completion of the transaction, the director now directly owns 95,356 shares in the company, valued at $127,796,111.20. The trade was a 17.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 49,241 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the sale, the director now directly owns 21,548 shares in the company, valued at $31,801,615.80. This trade represents a 69.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,713 shares of company stock valued at $154,267,457 in the last ninety days. Insiders own 4.09% of the company’s stock.

TransDigm Group Price Performance

Shares of TDG opened at $1,466.48 on Friday. The company’s fifty day moving average price is $1,383.93 and its 200-day moving average price is $1,337.45. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,488.54. The firm has a market capitalization of $82.37 billion, a PE ratio of 51.73, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $8.83 by $0.28. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the company posted $7.99 earnings per share. The company’s revenue was up 12.0% compared to the same quarter last year. As a group, research analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

About TransDigm Group

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.