Stifel Financial Corp Sells 2,307 Shares of TransDigm Group Incorporated (NYSE:TDG)

Stifel Financial Corp lessened its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 52,053 shares of the aerospace company's stock after selling 2,307 shares during the period. Stifel Financial Corp owned 0.09% of TransDigm Group worth $65,970,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Resonant Capital Advisors LLC increased its holdings in shares of TransDigm Group by 1.8% in the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock valued at $585,000 after purchasing an additional 8 shares during the last quarter. Quent Capital LLC grew its stake in TransDigm Group by 6.5% in the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock valued at $167,000 after buying an additional 8 shares during the last quarter. Lindbrook Capital LLC raised its holdings in TransDigm Group by 3.6% in the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock valued at $293,000 after acquiring an additional 8 shares during the period. CX Institutional lifted its position in TransDigm Group by 5.4% during the fourth quarter. CX Institutional now owns 175 shares of the aerospace company's stock worth $222,000 after acquiring an additional 9 shares during the last quarter. Finally, Western Financial Corp CA boosted its holdings in shares of TransDigm Group by 0.6% during the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company's stock worth $1,902,000 after acquiring an additional 9 shares during the period. Institutional investors own 95.78% of the company's stock.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total value of $7,200,768.96. Following the sale, the director now directly owns 21,548 shares in the company, valued at $28,355,659.64. This represents a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,300 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,758,480. The trade was a 47.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 124,894 shares of company stock worth $167,450,256 in the last ninety days. Company insiders own 4.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective on the stock in a report on Monday, February 24th. Susquehanna lifted their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Tuesday, April 8th. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company lowered their price objective on TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,464.41.

TransDigm Group Stock Performance

NYSE TDG opened at $1,306.30 on Wednesday. The firm's fifty day moving average price is $1,335.41 and its two-hundred day moving average price is $1,320.09. The stock has a market cap of $73.26 billion, a PE ratio of 46.08, a PEG ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.16 EPS. As a group, sell-side analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal 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.

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