Chevy Chase Trust Holdings LLC Has $39.05 Million Holdings in TransDigm Group Incorporated (NYSE:TDG)

Chevy Chase Trust Holdings LLC lessened its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 30,566 shares of the aerospace company’s stock after selling 249 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in TransDigm Group were worth $39,051,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fortitude Family Office LLC increased its position in TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 17 shares during the period. ORG Partners LLC bought a new position in shares of TransDigm Group in the 1st quarter worth $30,000. VisionPoint Advisory Group LLC bought a new position in shares of TransDigm Group in the 4th quarter worth $37,000. Central Pacific Bank Trust Division bought a new position in shares of TransDigm Group in the 1st quarter worth $39,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of TransDigm Group in the 4th quarter worth $43,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TDG shares. StockNews.com cut TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. Northcoast Research initiated coverage on TransDigm Group in a research note on Thursday, August 1st. They set a “neutral” rating on the stock. TD Cowen lifted their target price on TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, Morgan Stanley lifted their target price on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus target price of $1,422.94.

Insider Buying and Selling at TransDigm Group

In related news, insider Jessica L. Warren sold 925 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the transaction, the insider now owns 50 shares in the company, valued at $66,967. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Jessica L. Warren sold 925 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the transaction, the insider now owns 50 shares in the company, valued at $66,967. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $1,308.52, for a total value of $13,085,200.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,674,906.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,708 shares of company stock worth $133,146,005. 4.96% of the stock is currently owned by insiders.

TransDigm Group Trading Up 0.3 %

Shares of NYSE TDG traded up $4.47 during midday trading on Wednesday, hitting $1,314.88. 69,432 shares of the company’s stock were exchanged, compared to its average volume of 225,297. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,369.57. The company has a market cap of $73.78 billion, a price-to-earnings ratio of 51.98, a PEG ratio of 2.02 and a beta of 1.38. The business’s fifty day moving average price is $1,271.73 and its two-hundred day moving average price is $1,246.36.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating the consensus estimate of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company posted $6.55 earnings per share. The business’s revenue was up 17.3% on a year-over-year basis. Equities analysts expect that TransDigm Group Incorporated will post 30.58 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.