Promus Capital LLC Makes New $378,000 Investment in TransDigm Group Incorporated (NYSE:TDG)

Promus Capital LLC acquired a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 298 shares of the aerospace company's stock, valued at approximately $378,000.

Other hedge funds have also modified their holdings of the company. First Personal Financial Services acquired a new stake in shares of TransDigm Group during the third quarter valued at approximately $29,000. Erste Asset Management GmbH purchased a new position in TransDigm Group during the 3rd quarter worth approximately $29,000. Capital Advisors Ltd. LLC raised its stake in TransDigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 16 shares during the period. Trust Co. of Vermont lifted its holdings in shares of TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 15 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after buying an additional 18 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the sale, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $10,181,755.06. This trade represents a 71.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at $4,892,616. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,647 shares of company stock worth $155,847,223 in the last ninety days. 4.09% of the stock is currently owned by insiders.

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Analysts Set New Price Targets

TDG has been the topic of several recent analyst reports. Citigroup upped their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Barclays reaffirmed an "equal weight" rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company raised shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Six 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 stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,472.47.

TransDigm Group Stock Performance

Shares of TransDigm Group stock traded down $4.91 during trading on Friday, reaching $1,339.77. The company's stock had a trading volume of 329,032 shares, compared to its average volume of 258,144. The business's fifty day moving average price is $1,319.94 and its 200-day moving average price is $1,326.72. TransDigm Group Incorporated has a one year low of $1,136.27 and a one year high of $1,451.32. The firm has a market cap of $75.14 billion, a price-to-earnings ratio of 47.26, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the business posted $7.16 EPS. The company's revenue for the quarter was up 12.1% on a year-over-year basis. Sell-side analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

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.