Rhumbline Advisers Cuts Position in TransDigm Group Incorporated (NYSE:TDG)

Rhumbline Advisers trimmed its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 2.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 103,504 shares of the aerospace company's stock after selling 3,077 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of TransDigm Group worth $132,238,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of TDG. Fisher Asset Management LLC purchased a new stake in shares of TransDigm Group in the fourth quarter worth approximately $267,000. Benjamin F. Edwards & Company Inc. increased its holdings in TransDigm Group by 118.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,163 shares of the aerospace company's stock worth $1,176,000 after purchasing an additional 631 shares during the period. Merit Financial Group LLC increased its holdings in TransDigm Group by 3.9% during the 4th quarter. Merit Financial Group LLC now owns 661 shares of the aerospace company's stock worth $668,000 after purchasing an additional 25 shares during the period. National Bank of Canada FI increased its holdings in TransDigm Group by 27.0% during the 4th quarter. National Bank of Canada FI now owns 20,225 shares of the aerospace company's stock worth $20,067,000 after purchasing an additional 4,301 shares during the period. Finally, Spire Wealth Management increased its holdings in TransDigm Group by 73.1% during the 4th quarter. Spire Wealth Management now owns 348 shares of the aerospace company's stock worth $368,000 after purchasing an additional 147 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TDG has been the topic of several research reports. Truist Financial raised their price objective on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a "buy" rating in a report on Wednesday, July 17th. Jefferies Financial Group dropped their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating on the stock in a research report on Tuesday, August 13th. TD Cowen increased their target price on TransDigm Group from $1,300.00 to $1,400.00 and gave the company a "buy" rating in a research report on Wednesday, May 8th. Susquehanna increased their target price on 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. Finally, Stifel Nicolaus increased their target price on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a "hold" rating in a research report on Friday, June 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,438.24.

TransDigm Group Price Performance

TDG stock traded up $18.13 during trading on Wednesday, hitting $1,350.62. The stock had a trading volume of 118,908 shares, compared to its average volume of 224,633. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,380.83. The stock has a market capitalization of $75.78 billion, a P/E ratio of 53.57, a PEG ratio of 2.17 and a beta of 1.42. The company's 50-day moving average price is $1,274.02 and its two-hundred day moving average price is $1,260.39.

TransDigm Group (NYSE:TDG - Get Free Report) last posted 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. The company had revenue of $2.05 billion for the quarter, compared to analysts' expectations 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 firm posted $6.55 EPS. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 30.57 EPS for the current fiscal year.

Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the business's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction 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 legal filing with the SEC, which is available at the SEC website. In related news, insider Jessica L. Warren sold 925 shares of the company's 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 transaction, the insider now directly owns 50 shares in the company, valued at $66,967. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the business'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 value 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 approximately $10,019,981.92. The disclosure for this sale can be found here. Insiders have sold a total of 102,708 shares of company stock worth $133,146,005 in the last ninety days. Insiders own 4.96% of the company's stock.

TransDigm Group Company 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.