Miller Financial Services LLC Acquires New Stake in TransDigm Group Incorporated (NYSE:TDG)

Miller Financial Services LLC purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 476 shares of the aerospace company's stock, valued at approximately $603,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TDG. Souders Financial Advisors grew its position in TransDigm Group by 1.0% in the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company's stock valued at $1,137,000 after acquiring an additional 8 shares in the last quarter. Prosperity Financial Group Inc. lifted its stake in TransDigm Group by 3.6% during the third quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company's stock worth $328,000 after purchasing an additional 8 shares during the last quarter. Resonant Capital Advisors LLC grew its position in shares of TransDigm Group by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock valued at $585,000 after buying an additional 8 shares during the last quarter. Quent Capital LLC lifted its stake in TransDigm Group by 6.5% in the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock valued at $167,000 after buying an additional 8 shares during the last quarter. Finally, Lindbrook Capital LLC raised its holdings in shares of TransDigm Group by 3.6% during the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock valued at $293,000 after buying an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

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Insider Buying and Selling

In other TransDigm Group news, Director Robert J. Small sold 40,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the transaction, the director now owns 98,185 shares of the company's stock, valued at approximately $132,138,354.85. This represents a 28.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company'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 directly owns 21,548 shares of the company's stock, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 181,647 shares of company stock valued at $236,483,623 over the last ninety days. Insiders own 4.09% of the company's stock.

TransDigm Group Trading Up 0.6 %

TDG stock traded up $7.41 during trading on Wednesday, hitting $1,327.28. 181,813 shares of the stock traded hands, compared to its average volume of 256,837. The stock has a market cap of $74.44 billion, a price-to-earnings ratio of 46.85, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a one year low of $1,163.82 and a one year high of $1,451.32. The company has a 50 day simple moving average of $1,322.16 and a 200 day simple moving average of $1,327.00.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping analysts' consensus estimates of $6.73 by $0.84. The company had revenue of $2.01 billion for 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%. The business'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. As a group, analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TDG. Wells Fargo & Company raised TransDigm Group from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target on the stock in a report on Monday, February 24th. Finally, Barclays restated an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,472.47.

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.