TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. grew its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 7.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,470 shares of the aerospace company's stock after buying an additional 239 shares during the quarter. Sigma Investment Counselors Inc.'s holdings in TransDigm Group were worth $4,433,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TDG. Norges Bank bought a new position in shares of TransDigm Group in the fourth quarter valued at approximately $790,822,000. Capital World Investors raised its stake in shares of TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company's stock worth $4,354,369,000 after purchasing an additional 442,182 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of TransDigm Group by 13.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company's stock worth $2,056,109,000 after buying an additional 192,962 shares during the last quarter. Argent Capital Management LLC bought a new position in TransDigm Group during the first quarter valued at about $75,910,000. Finally, Vanguard Group Inc. boosted its stake in TransDigm Group by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company's stock valued at $7,447,587,000 after acquiring an additional 58,243 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TDG shares. Robert W. Baird lifted their price target on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an "outperform" rating in a report on Wednesday, May 8th. Wells Fargo & Company dropped their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 7th. Barclays lifted their price objective on TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Monday, May 13th. StockNews.com downgraded shares of TransDigm Group from a "buy" rating to a "hold" rating in a report on Monday, August 5th. Finally, Stifel Nicolaus increased their target price on shares of 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. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, TransDigm Group currently has an average rating of "Moderate Buy" and an average price target of $1,422.94.

TransDigm Group Stock Performance

TDG traded up $22.30 during trading on Friday, reaching $1,326.68. The stock had a trading volume of 273,198 shares, compared to its average volume of 225,556. The business has a 50-day moving average of $1,271.82 and a 200-day moving average of $1,250.03. TransDigm Group Incorporated has a one year low of $802.46 and a one year high of $1,369.57. The stock has a market cap of $74.24 billion, a PE ratio of 52.63, a PEG ratio of 2.02 and a beta of 1.38.

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, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $2.01 billion. During the same period last year, the firm earned $6.55 earnings per share. The company's revenue for the quarter was up 17.3% compared to the same quarter last year. Equities research analysts forecast that TransDigm Group Incorporated will post 30.58 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other news, insider Jessica L. Warren sold 925 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the sale, the insider now directly owns 50 shares in the company, valued at $66,967. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Jessica L. Warren sold 925 shares of the stock in a transaction that occurred on 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 owns 50 shares of the company's stock, valued at approximately $66,967. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the firm's stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1,308.52, for a total value of $13,085,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at approximately $10,674,906.16. The disclosure for this sale can be found here. Insiders sold 102,708 shares of company stock valued at $133,146,005 in the last quarter. Company insiders own 4.96% of the company's stock.

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.