Fifth Third Wealth Advisors LLC Buys New Holdings in TransDigm Group Incorporated (NYSE:TDG)

Fifth Third Wealth Advisors LLC bought a new stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 476 shares of the aerospace company's stock, valued at approximately $608,000.

Other hedge funds also recently modified their holdings of the company. Advisory Services Network LLC boosted its position in shares of TransDigm Group by 15.0% during the fourth quarter. Advisory Services Network LLC now owns 5,846 shares of the aerospace company's stock valued at $5,913,000 after buying an additional 762 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of TransDigm Group by 68.2% during the fourth quarter. Intech Investment Management LLC now owns 8,531 shares of the aerospace company's stock valued at $8,630,000 after buying an additional 3,458 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in shares of TransDigm Group by 2,361.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company's stock valued at $79,909,000 after buying an additional 75,784 shares during the last quarter. Brevan Howard Capital Management LP purchased a new position in TransDigm Group in the fourth quarter worth $1,909,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in TransDigm Group by 17.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company's stock worth $4,980,000 after purchasing an additional 567 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insiders Place Their Bets

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jessica L. Warren sold 925 shares of the company'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 transaction, the insider now directly owns 50 shares in the company, valued at approximately $66,967. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the company's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at $10,019,981.92. The disclosure for this sale can be found here. Insiders have sold 102,708 shares of company stock worth $133,146,005 in the last ninety days. 4.96% of the stock is currently owned by insiders.

TransDigm Group Stock Down 0.7 %

Shares of NYSE:TDG traded down $9.33 during midday trading on Thursday, reaching $1,304.38. 119,685 shares of the company traded hands, compared to its average volume of 225,262. TransDigm Group Incorporated has a 12 month low of $802.46 and a 12 month high of $1,369.57. The firm has a market capitalization of $73.19 billion, a price-to-earnings ratio of 51.74, a price-to-earnings-growth ratio of 2.02 and a beta of 1.38. The firm's fifty day moving average price is $1,271.18 and its two-hundred day moving average price is $1,247.23.

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

Wall Street Analyst Weigh In

TDG has been the topic of several research analyst reports. Stifel Nicolaus boosted their price objective on TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a "hold" rating in a research report on Friday, June 7th. Morgan Stanley boosted their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 7th. UBS Group cut their price objective on TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. Bank of America boosted their price objective on TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a "buy" rating in a research report on Wednesday, May 29th. Finally, KeyCorp boosted their target price on TransDigm Group from $1,325.00 to $1,440.00 and gave the company an "overweight" rating in a research note on Tuesday, May 28th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,422.94.

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.