Horizon Investments LLC Sells 561 Shares of TransDigm Group Incorporated (NYSE:TDG)

Horizon Investments LLC lowered its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 42.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 769 shares of the aerospace company's stock after selling 561 shares during the quarter. Horizon Investments LLC's holdings in TransDigm Group were worth $975,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TDG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in TransDigm Group by 3.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company's stock valued at $391,918,000 after purchasing an additional 7,947 shares during the last quarter. Westfield Capital Management Co. LP lifted its position in shares of TransDigm Group by 2.4% in the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company's stock valued at $530,980,000 after buying an additional 8,655 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after acquiring an additional 173,642 shares during the period. Citigroup Inc. increased its holdings in shares of TransDigm Group by 36.9% during the 3rd quarter. Citigroup Inc. now owns 120,876 shares of the aerospace company's stock worth $172,506,000 after acquiring an additional 32,609 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in TransDigm Group by 7.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 16,323 shares of the aerospace company's stock valued at $23,295,000 after acquiring an additional 1,086 shares during the period. Institutional investors own 95.78% of the company's stock.

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Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $10,337,899.18. This trade represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,896,144. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 124,594 shares of company stock worth $165,646,468. 4.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. UBS Group raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target on the stock in a report on Monday, February 24th. Citigroup boosted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company upgraded TransDigm Group from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,472.47.

TransDigm Group Trading Up 2.7 %

NYSE TDG traded up $36.70 during trading on Monday, hitting $1,382.82. 204,744 shares of the company's stock were exchanged, compared to its average volume of 232,861. The company has a market cap of $77.56 billion, a PE ratio of 48.78, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32. The stock's 50 day moving average price is $1,335.17 and its two-hundred day moving average price is $1,327.15.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data 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. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the prior year, the company earned $7.16 EPS. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. Analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

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.