TransDigm Group Incorporated (NYSE:TDG) Shares Purchased by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. grew its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 34.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 374 shares of the aerospace company’s stock after buying an additional 95 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in TransDigm Group were worth $478,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. TD Asset Management Inc boosted its position in shares of TransDigm Group by 3.9% in the second quarter. TD Asset Management Inc now owns 19,014 shares of the aerospace company’s stock worth $24,292,000 after buying an additional 721 shares during the period. FineMark National Bank & Trust lifted its position in TransDigm Group by 8.3% during the 2nd quarter. FineMark National Bank & Trust now owns 444 shares of the aerospace company’s stock worth $567,000 after acquiring an additional 34 shares in the last quarter. Stablepoint Partners LLC boosted its holdings in TransDigm Group by 2.7% in the 2nd quarter. Stablepoint Partners LLC now owns 418 shares of the aerospace company’s stock worth $517,000 after acquiring an additional 11 shares during the period. Larson Financial Group LLC grew its position in TransDigm Group by 2,000.0% in the second quarter. Larson Financial Group LLC now owns 84 shares of the aerospace company’s stock valued at $107,000 after acquiring an additional 80 shares in the last quarter. Finally, Simon Quick Advisors LLC lifted its position in shares of TransDigm Group by 18.5% during the second quarter. Simon Quick Advisors LLC now owns 205 shares of the aerospace company’s stock worth $262,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Down 1.6 %

TDG opened at $1,329.28 on Friday. The company’s 50-day moving average price is $1,275.87 and its 200 day moving average price is $1,261.50. TransDigm Group Incorporated has a fifty-two week low of $802.46 and a fifty-two week high of $1,380.83. The firm has a market cap of $74.59 billion, a price-to-earnings ratio of 52.73, a price-to-earnings-growth ratio of 2.17 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating the consensus estimate of $7.77 by $1.23. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The business’s revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the company earned $6.55 earnings per share. Research analysts anticipate that TransDigm Group Incorporated will post 30.57 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Robert J. Small sold 12,500 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $1,312.09, for a total transaction of $16,401,125.00. Following the completion of the transaction, the director now owns 108,712 shares in the company, valued at $142,639,928.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $1,308.52, for a total transaction of $13,085,200.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,674,906.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert J. Small sold 12,500 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $1,312.09, for a total value of $16,401,125.00. Following the completion of the transaction, the director now directly owns 108,712 shares of the company’s stock, valued at $142,639,928.08. The disclosure for this sale can be found here. Insiders have sold 71,783 shares of company stock valued at $92,191,316 over the last three months. Company insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TDG. Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Wednesday, August 7th. Wells Fargo & Company dropped their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Bank of America boosted their price target on TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Morgan Stanley raised their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus upped their target price on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research report on Friday, June 7th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,438.24.

TransDigm Group Company 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.