Elm3 Financial Group LLC Takes $994,000 Position in TransDigm Group Incorporated (NYSE:TDG)

Elm3 Financial Group LLC purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 784 shares of the aerospace company's stock, valued at approximately $994,000.

Other institutional investors have also added to or reduced their stakes in the company. First Personal Financial Services purchased a new stake in TransDigm Group in the third quarter worth $29,000. Erste Asset Management GmbH bought a new position in TransDigm Group in the 3rd quarter worth $29,000. Trust Co. of Vermont lifted its position in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after purchasing an additional 15 shares during the period. Versant Capital Management Inc boosted its stake in shares of TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock valued at $33,000 after purchasing an additional 18 shares in the last quarter. Finally, DT Investment Partners LLC raised its stake in TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock worth $39,000 after buying an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TDG. JPMorgan Chase & Co. lifted their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a "neutral" rating in a research report on Monday, October 14th. Citigroup lifted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. KeyCorp increased their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Barclays restated an "equal weight" rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of "Moderate Buy" and a consensus target price of $1,462.35.

Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company's stock, valued at $10,337,899.18. This represents a 71.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,525,524. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,525 shares of company stock worth $112,769,801 over the last three months. 4.09% of the stock is currently owned by company insiders.

TransDigm Group Trading Up 0.5 %

TDG stock traded up $7.01 during midday trading on Monday, hitting $1,334.35. The company's stock had a trading volume of 142,567 shares, compared to its average volume of 257,939. The firm's 50-day moving average is $1,294.68 and its 200-day moving average is $1,315.07. TransDigm Group Incorporated has a 12 month low of $1,100.86 and a 12 month high of $1,451.32. The company has a market cap of $74.83 billion, a PE ratio of 47.07, a P/E/G ratio of 2.86 and a beta of 1.40.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same period last year, the firm posted $7.16 earnings per share. TransDigm Group's revenue was up 12.1% compared to the same quarter last year. Analysts expect that TransDigm Group Incorporated will post 34.11 earnings per share for the current year.

TransDigm Group Company 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.