King Luther Capital Management Corp Purchases 41,331 Shares of TransDigm Group Incorporated (NYSE:TDG)

King Luther Capital Management Corp boosted its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 1,325.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,449 shares of the aerospace company's stock after purchasing an additional 41,331 shares during the quarter. King Luther Capital Management Corp owned about 0.08% of TransDigm Group worth $56,329,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Citizens Financial Group Inc. RI boosted its holdings in shares of TransDigm Group by 10.8% during the 4th quarter. Citizens Financial Group Inc. RI now owns 615 shares of the aerospace company's stock worth $779,000 after buying an additional 60 shares during the period. Sage Mountain Advisors LLC boosted its holdings in TransDigm Group by 5.6% during the fourth quarter. Sage Mountain Advisors LLC now owns 319 shares of the aerospace company's stock valued at $404,000 after acquiring an additional 17 shares during the period. Net Worth Advisory Group grew its position in shares of TransDigm Group by 5.3% in the fourth quarter. Net Worth Advisory Group now owns 237 shares of the aerospace company's stock valued at $300,000 after purchasing an additional 12 shares during the last quarter. Clare Market Investments LLC bought a new position in shares of TransDigm Group in the fourth quarter worth about $805,000. Finally, Independent Advisor Alliance acquired a new position in shares of TransDigm Group during the 4th quarter worth about $354,000. Institutional investors and hedge funds own 95.78% of the company's stock.

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TransDigm Group Stock Up 0.6 %

TransDigm Group stock traded up $8.33 during mid-day trading on Wednesday, hitting $1,328.20. 181,813 shares of the company were exchanged, compared to its average volume of 256,837. TransDigm Group Incorporated has a 1-year low of $1,163.82 and a 1-year high of $1,451.32. The business has a fifty day moving average of $1,322.16 and a 200 day moving average of $1,327.00. The company has a market capitalization of $74.49 billion, a PE ratio of 46.85, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the company posted $7.16 EPS. Research analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were 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 in the company, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,892,616. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 181,647 shares of company stock worth $236,483,623. Insiders own 4.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TDG. Barclays reaffirmed an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Wells Fargo & Company upgraded shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Citigroup raised their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, TransDigm Group currently has an average rating of "Moderate Buy" and an average target price of $1,472.47.

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.