Nisa Investment Advisors LLC Buys 4,686 Shares of TransDigm Group Incorporated (NYSE:TDG)

Nisa Investment Advisors LLC boosted its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 34.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,325 shares of the aerospace company's stock after purchasing an additional 4,686 shares during the period. Nisa Investment Advisors LLC's holdings in TransDigm Group were worth $23,412,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. International Assets Investment Management LLC grew its position in TransDigm Group by 97,711.9% in the 4th quarter. International Assets Investment Management LLC now owns 41,081 shares of the aerospace company's stock worth $41,558,000 after purchasing an additional 41,039 shares in the last quarter. Mackenzie Financial Corp raised its stake in TransDigm Group by 54.7% in the 4th quarter. Mackenzie Financial Corp now owns 6,384 shares of the aerospace company's stock valued at $6,458,000 after acquiring an additional 2,257 shares during the period. SVB Wealth LLC increased its stake in shares of TransDigm Group by 14.5% in the fourth quarter. SVB Wealth LLC now owns 380 shares of the aerospace company's stock worth $385,000 after purchasing an additional 48 shares in the last quarter. Wealth Alliance purchased a new stake in shares of TransDigm Group during the 4th quarter valued at approximately $211,000. Finally, Daiwa Securities Group Inc. boosted its holdings in TransDigm Group by 7.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,982 shares of the aerospace company's stock worth $5,040,000 after buying an additional 345 shares during the period. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Trading Up 0.2 %

Shares of TDG traded up $2.17 during midday trading on Tuesday, hitting $1,310.41. 225,997 shares of the company's stock traded hands, compared to its average volume of 226,309. The stock has a market capitalization of $73.33 billion, a price-to-earnings ratio of 51.98, a price-to-earnings-growth ratio of 2.04 and a beta of 1.38. The firm's fifty day moving average is $1,271.73 and its 200-day moving average is $1,246.36. TransDigm Group Incorporated has a 1 year low of $802.46 and a 1 year high of $1,369.57.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period last year, the business posted $6.55 earnings per share. The company's revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 30.58 EPS for the current year.

Analyst Upgrades and Downgrades

TDG has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. KeyCorp increased their price target on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an "overweight" rating in a report on Tuesday, May 28th. StockNews.com cut shares of TransDigm Group from a "buy" rating to a "hold" rating in a research note on Monday, August 5th. TD Cowen increased their target price on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a "buy" rating in a research note on Wednesday, May 8th. Finally, Susquehanna boosted their price target on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a "neutral" rating in a research report on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $1,422.94.

Insider Activity

In related news, Director W Nicholas Howley sold 5,073 shares of the company's stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the sale, the director now directly owns 21,548 shares of the company's stock, valued at approximately $26,769,080.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Jessica L. Warren sold 925 shares of the business's stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the sale, the insider now directly owns 50 shares of the company's stock, valued at approximately $66,967. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,073 shares of the firm's stock in a transaction on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $26,769,080.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,708 shares of company stock valued at $133,146,005. 4.96% of the stock is currently owned by company insiders.

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.