Fairbanks Capital Management Inc. Has $13.99 Million Stake in TransDigm Group Incorporated (NYSE:TDG)

Fairbanks Capital Management Inc. lifted its stake in TransDigm Group Incorporated (NYSE:TDG) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,953 shares of the aerospace company’s stock after buying an additional 80 shares during the period. TransDigm Group comprises approximately 9.2% of Fairbanks Capital Management Inc.’s holdings, making the stock its 2nd largest holding. Fairbanks Capital Management Inc.’s holdings in TransDigm Group were worth $13,994,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Fortitude Family Office LLC increased its holdings 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 in the last quarter. ORG Partners LLC acquired a new stake in TransDigm Group during the 1st quarter valued at $30,000. Central Pacific Bank Trust Division acquired a new stake in TransDigm Group during the 1st quarter valued at $39,000. Crewe Advisors LLC acquired a new stake in TransDigm Group during the 1st quarter valued at $46,000. Finally, Frazier Financial Advisors LLC acquired a new stake in TransDigm Group during the 4th quarter valued at $43,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TDG shares. Barclays lifted their target price on TransDigm Group from $1,250.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. Susquehanna lifted their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Bank of America lifted their target price on TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. UBS Group lowered their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group lowered their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,438.24.

TransDigm Group Stock Down 2.6 %

Shares of TDG stock opened at $1,294.17 on Monday. The firm has a fifty day moving average of $1,276.20 and a 200-day moving average of $1,263.94. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,380.83. The company has a market capitalization of $72.62 billion, a price-to-earnings ratio of 51.34, a P/E/G ratio of 2.04 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm earned $6.55 earnings per share. The firm’s revenue was up 17.3% compared to the same quarter last year. On average, equities analysts expect that TransDigm Group Incorporated will post 30.69 EPS for the current year.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,469,760. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,469,760. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1,308.52, for a total transaction of $13,085,200.00. Following the completion of the transaction, the chief executive officer now directly 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. Insiders sold 59,283 shares of company stock valued at $75,790,191 over the last quarter. Corporate insiders own 4.96% of the company’s stock.

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.