Vanguard Group Inc. Purchases 58,243 Shares of TransDigm Group Incorporated (NYSE:TDG)

Vanguard Group Inc. boosted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,047,083 shares of the aerospace company’s stock after purchasing an additional 58,243 shares during the quarter. Vanguard Group Inc. owned about 0.11% of TransDigm Group worth $7,447,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors raised its holdings in TransDigm Group by 4.0% during the 4th quarter. Capital World Investors now owns 3,093,357 shares of the aerospace company’s stock worth $3,129,240,000 after purchasing an additional 120,058 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of TransDigm Group by 13.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after acquiring an additional 192,962 shares during the last quarter. Norges Bank bought a new stake in shares of TransDigm Group in the 4th quarter valued at about $790,822,000. Charles Schwab Investment Management Inc. increased its stake in shares of TransDigm Group by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 320,183 shares of the aerospace company’s stock valued at $323,897,000 after acquiring an additional 7,383 shares during the last quarter. Finally, Meritage Group LP increased its stake in shares of TransDigm Group by 0.5% in the 4th quarter. Meritage Group LP now owns 288,314 shares of the aerospace company’s stock valued at $291,658,000 after acquiring an additional 1,374 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wells Fargo & Company upped their price target on TransDigm Group from $1,260.00 to $1,390.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 18th. Robert W. Baird upped their price target on TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Stifel Nicolaus upped their price target on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research note on Friday, June 7th. Finally, KeyCorp increased their target price on TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, TransDigm Group has an average rating of “Moderate Buy” and an average target price of $1,417.69.

TransDigm Group Price Performance

NYSE:TDG traded down $7.85 during trading hours on Friday, reaching $1,238.07. 168,121 shares of the stock were exchanged, compared to its average volume of 287,288. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,369.57. The firm has a 50 day moving average of $1,300.92 and a 200 day moving average of $1,213.21. The stock has a market cap of $69.28 billion, a PE ratio of 49.11, a PEG ratio of 2.07 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last released 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 negative return on equity of 63.35% and a net margin of 21.22%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the firm posted $5.39 EPS. The business’s revenue was up 20.5% on a year-over-year basis. Equities research analysts anticipate that TransDigm Group Incorporated will post 30.21 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director W Nicholas Howley sold 5,073 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $26,769,080.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director W Nicholas Howley sold 5,073 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $26,769,080.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jessica L. Warren sold 925 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the sale, the insider now directly owns 50 shares of the company’s stock, valued at approximately $66,967. The disclosure for this sale can be found here. Insiders sold a total of 105,905 shares of company stock valued at $137,900,519 in the last quarter. 4.96% of the stock is currently owned by insiders.

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.