Americana Partners LLC Has $4.78 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Americana Partners LLC lifted its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 18.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,741 shares of the aerospace company's stock after purchasing an additional 587 shares during the quarter. Americana Partners LLC's holdings in TransDigm Group were worth $4,780,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of TransDigm Group in the 4th quarter worth about $790,822,000. Capital World Investors boosted its position in shares of TransDigm Group by 14.3% in the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company's stock worth $4,354,369,000 after buying an additional 442,182 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 in the last quarter. Argent Capital Management LLC purchased a new stake in shares of TransDigm Group in the 1st quarter worth about $75,910,000. Finally, Vanguard Group Inc. boosted its position in shares of TransDigm Group by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company's stock worth $7,447,587,000 after buying an additional 58,243 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Trading Up 0.6 %

NYSE:TDG traded up $8.84 during mid-day trading on Friday, reaching $1,373.21. 251,827 shares of the stock were exchanged, compared to its average volume of 225,362. The business has a fifty day moving average price of $1,272.88 and a 200 day moving average price of $1,255.87. The firm has a market capitalization of $77.05 billion, a PE ratio of 54.47, a PEG ratio of 2.06 and a beta of 1.38. TransDigm Group Incorporated has a 1-year low of $802.46 and a 1-year high of $1,380.83.

TransDigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.77 by $1.23. The firm 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%. TransDigm Group's revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the company earned $6.55 earnings per share. On average, sell-side analysts forecast that TransDigm Group Incorporated will post 30.58 earnings per share for the current year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on TDG. Jefferies Financial Group reduced their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating on the stock in a report on Tuesday, August 13th. KeyCorp upped their target price on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the company an "overweight" rating in a report on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft upped their target price on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the company a "buy" rating in a report on Thursday, June 20th. UBS Group reduced their target price on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating on the stock in a report on Wednesday, August 7th. Finally, Northcoast Research initiated coverage on shares of TransDigm Group in a report on Thursday, August 1st. They issued a "neutral" rating on the stock. Eight 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,422.94.

About TransDigm Group

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.