Pinnacle Bancorp Inc. Raises Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Pinnacle Bancorp Inc. raised its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 47.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 183 shares of the aerospace company’s stock after purchasing an additional 59 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in TransDigm Group were worth $225,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of TransDigm Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company’s stock worth $4,977,008,000 after buying an additional 104,433 shares during the last quarter. Capital World Investors raised its stake in shares of TransDigm Group by 4.0% in the 4th quarter. Capital World Investors now owns 3,093,357 shares of the aerospace company’s stock valued at $3,129,240,000 after purchasing an additional 120,058 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of TransDigm Group by 46.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock valued at $933,765,000 after purchasing an additional 349,409 shares in the last quarter. Norges Bank acquired a new position in TransDigm Group in the fourth quarter worth about $790,822,000. Finally, Morgan Stanley increased its holdings in TransDigm Group by 0.8% in the third quarter. Morgan Stanley now owns 650,127 shares of the aerospace company’s stock valued at $548,144,000 after buying an additional 4,989 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Trading Down 0.9 %

TDG stock traded down $11.04 during trading on Friday, hitting $1,277.61. The company had a trading volume of 1,175,930 shares, compared to its average volume of 222,366. The business has a 50 day moving average of $1,303.77 and a 200 day moving average of $1,184.37. The firm has a market capitalization of $71.49 billion, a price-to-earnings ratio of 50.68, a P/E/G ratio of 2.20 and a beta of 1.39. TransDigm Group Incorporated has a fifty-two week low of $802.46 and a fifty-two week high of $1,369.57.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the business posted $5.39 EPS. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, equities analysts predict that TransDigm Group Incorporated will post 29.99 EPS for the current year.

Insider Buying and Selling at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $9,921,433.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Small sold 21,210 shares of TransDigm Group stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $1,315.87, for a total transaction of $27,909,602.70. Following the completion of the transaction, the director now owns 100,962 shares in the company, valued at approximately $132,852,866.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,833 shares of company stock valued at $131,249,183. 4.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on TDG shares. Wells Fargo & Company increased their target price on TransDigm Group from $1,260.00 to $1,390.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Thursday. UBS Group increased their target price on shares of TransDigm Group from $1,302.00 to $1,403.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Robert W. Baird lifted their price target on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Finally, The Goldman Sachs Group increased their price objective on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,410.13.

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.