Bleakley Financial Group LLC Increases Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Bleakley Financial Group LLC boosted its stake in TransDigm Group Incorporated (NYSE:TDG) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,590 shares of the aerospace company’s stock after buying an additional 19 shares during the quarter. Bleakley Financial Group LLC’s holdings in TransDigm Group were worth $2,015,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Atomi Financial Group Inc. purchased a new position in TransDigm Group during the third quarter worth about $280,000. Wedmont Private Capital lifted its position in shares of TransDigm Group by 4.6% during the 3rd quarter. Wedmont Private Capital now owns 746 shares of the aerospace company’s stock worth $1,012,000 after buying an additional 33 shares in the last quarter. Quotient Wealth Partners LLC purchased a new position in shares of TransDigm Group in the 3rd quarter worth approximately $217,000. Strong Tower Advisory Services grew its holdings in shares of TransDigm Group by 3.2% in the third quarter. Strong Tower Advisory Services now owns 641 shares of the aerospace company’s stock valued at $914,000 after acquiring an additional 20 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of TransDigm Group by 207.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 246 shares of the aerospace company’s stock valued at $351,000 after acquiring an additional 166 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Robert J. Small sold 38,053 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the transaction, the director now directly owns 567,323 shares in the company, valued at approximately $708,461,615.94. The trade was a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,181,755.06. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,525 shares of company stock worth $112,769,801 in the last ninety days. 4.09% of the stock is currently owned by insiders.

TransDigm Group Trading Up 2.3 %

TDG stock opened at $1,329.35 on Friday. The firm has a 50 day moving average of $1,293.18 and a 200-day moving average of $1,313.89. The firm has a market capitalization of $74.50 billion, a P/E ratio of 51.93, a price-to-earnings-growth ratio of 3.06 and a beta of 1.40. TransDigm Group Incorporated has a 12 month low of $1,100.86 and a 12 month high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 19.93% and a negative return on equity of 50.40%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm earned $7.16 EPS. Sell-side analysts predict that TransDigm Group Incorporated will post 34.11 EPS for the current year.

Analyst Upgrades and Downgrades

TDG has been the subject of a number of recent analyst reports. KeyCorp upped their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Barclays reissued an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Finally, Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $1,375.00 to $1,500.00 in a report on Friday. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average price target of $1,462.35.

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.