Asset Planning Inc Acquires Shares of 8,939 TransDigm Group Incorporated (NYSE:TDG)

Asset Planning Inc bought a new stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,939 shares of the aerospace company's stock, valued at approximately $11,328,000. TransDigm Group comprises 8.6% of Asset Planning Inc's investment portfolio, making the stock its 2nd biggest position.

Several other institutional investors have also added to or reduced their stakes in the company. Ritholtz Wealth Management acquired a new position in TransDigm Group during the third quarter valued at approximately $247,000. Exchange Traded Concepts LLC raised its stake in shares of TransDigm Group by 133.2% during the third quarter. Exchange Traded Concepts LLC now owns 702 shares of the aerospace company's stock valued at $1,002,000 after acquiring an additional 401 shares during the last quarter. CX Institutional bought a new stake in shares of TransDigm Group in the 3rd quarter valued at about $237,000. Creative Planning increased its position in TransDigm Group by 3.9% during the 3rd quarter. Creative Planning now owns 5,846 shares of the aerospace company's stock valued at $8,343,000 after purchasing an additional 222 shares during the period. Finally, SeaCrest Wealth Management LLC raised its stake in TransDigm Group by 3.0% during the third quarter. SeaCrest Wealth Management LLC now owns 580 shares of the aerospace company's stock worth $828,000 after buying an additional 17 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Stock Performance

TransDigm Group stock traded down $14.54 during midday trading on Tuesday, reaching $1,299.66. 281,051 shares of the stock were exchanged, compared to its average volume of 268,769. The company's fifty day moving average is $1,301.98 and its 200-day moving average is $1,318.55. TransDigm Group Incorporated has a 52 week low of $1,136.27 and a 52 week high of $1,451.32. The firm has a market cap of $72.88 billion, a PE ratio of 45.84, a PEG ratio of 2.86 and a beta of 1.40.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate of $6.73 by $0.84. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. TransDigm Group's revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.16 earnings per share. On average, sell-side analysts anticipate that TransDigm Group Incorporated will post 34.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TDG. Barclays restated an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Citigroup increased their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Wells Fargo & Company upgraded shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of "Moderate Buy" and an average price target of $1,462.35.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the sale, the director now owns 21,548 shares of the company's stock, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert J. Small sold 38,053 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the sale, the director now directly owns 567,323 shares of the company's stock, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,175 shares of company stock worth $144,677,394 over the last 90 days. Corporate insiders own 4.09% of the company's stock.

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.