Elm3 Financial Group LLC Makes New $994,000 Investment in TransDigm Group Incorporated (NYSE:TDG)

Elm3 Financial Group LLC acquired a new stake in TransDigm Group Incorporated (NYSE:TDG) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 784 shares of the aerospace company’s stock, valued at approximately $994,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. First Personal Financial Services purchased a new stake in TransDigm Group during the third quarter valued at about $29,000. Erste Asset Management GmbH purchased a new stake in TransDigm Group during the 3rd quarter valued at about $29,000. Trust Co. of Vermont grew its position in TransDigm Group by 150.0% during 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 during 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. Finally, DT Investment Partners LLC lifted its position in TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $27,942,799.96. The trade was a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,525,524. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,525 shares of company stock valued at $112,769,801 in the last 90 days. 4.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TDG shares. KeyCorp raised their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Wells Fargo & Company cut their price target on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. JPMorgan Chase & Co. upped their price objective on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Barclays reissued an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Finally, StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,455.00.

TransDigm Group Stock Performance

Shares of NYSE TDG opened at $1,292.03 on Thursday. The company has a market cap of $72.41 billion, a PE ratio of 50.47, a P/E/G ratio of 3.06 and a beta of 1.40. The firm’s 50 day moving average price is $1,291.32 and its 200-day moving average price is $1,314.15. TransDigm Group Incorporated has a 52-week low of $1,100.86 and a 52-week high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 50.40% and a net margin of 19.93%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the company earned $7.16 EPS. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, analysts forecast that TransDigm Group Incorporated will post 34.11 earnings per share for the current fiscal year.

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.