Voya Investment Management LLC Sells 2,506 Shares of TransDigm Group Incorporated (NYSE:TDG)

Voya Investment Management LLC cut its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 130,100 shares of the aerospace company's stock after selling 2,506 shares during the quarter. Voya Investment Management LLC owned approximately 0.23% of TransDigm Group worth $164,873,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Advisors Ltd. LLC boosted its position in TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after buying an additional 16 shares in the last quarter. Trust Co. of Vermont boosted its holdings in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after acquiring an additional 15 shares in the last quarter. Versant Capital Management Inc grew its position in TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after acquiring an additional 18 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in TransDigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 21 shares in the last quarter. Finally, Sachetta LLC increased its holdings in TransDigm Group by 105.9% during the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 18 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

TransDigm Group Stock Up 1.4 %

Shares of NYSE:TDG traded up $19.58 during midday trading on Monday, reaching $1,397.71. 170,295 shares of the company were exchanged, compared to its average volume of 255,320. The firm has a market cap of $78.39 billion, a PE ratio of 49.30, a P/E/G 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. The stock has a fifty day simple moving average of $1,338.78 and a two-hundred day simple moving average of $1,319.60.

TransDigm Group (NYSE:TDG - Get Free Report) last posted 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 negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the company earned $7.16 earnings per share. TransDigm Group's quarterly revenue was up 12.1% on a year-over-year basis. As a group, analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,762,872. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the transaction, the director now 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 disclosure for this sale can be found here. Insiders have sold 124,894 shares of company stock valued at $167,450,256 in the last three months. 4.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TDG. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Susquehanna raised their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price on the stock in a research report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and decreased their price target for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company dropped their price objective on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,464.41.

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.