Oak Thistle LLC Buys Shares of 685 TransDigm Group Incorporated (NYSE:TDG)

Oak Thistle LLC bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 685 shares of the aerospace company’s stock, valued at approximately $875,000. TransDigm Group accounts for about 0.6% of Oak Thistle LLC’s holdings, making the stock its 26th biggest holding.

A number of other institutional investors have also made changes to their positions in TDG. Ballentine Partners LLC boosted its position in shares of TransDigm Group by 24.9% during the 2nd quarter. Ballentine Partners LLC now owns 341 shares of the aerospace company’s stock worth $436,000 after purchasing an additional 68 shares during the period. Pier 88 Investment Partners LLC boosted its position in shares of TransDigm Group by 24.4% during the second quarter. Pier 88 Investment Partners LLC now owns 2,545 shares of the aerospace company’s stock worth $3,252,000 after buying an additional 500 shares during the period. Caprock Group LLC grew its stake in shares of TransDigm Group by 21.5% in the second quarter. Caprock Group LLC now owns 2,366 shares of the aerospace company’s stock valued at $3,023,000 after buying an additional 419 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of TransDigm Group by 347.5% in the 2nd quarter. Acadian Asset Management LLC now owns 2,309 shares of the aerospace company’s stock valued at $2,948,000 after buying an additional 1,793 shares during the period. Finally, Chicago Capital LLC lifted its stake in TransDigm Group by 0.7% during the 2nd quarter. Chicago Capital LLC now owns 51,553 shares of the aerospace company’s stock worth $65,865,000 after acquiring an additional 354 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Trading Down 2.6 %

TDG stock opened at $1,294.17 on Monday. The company’s 50 day moving average is $1,276.20 and its two-hundred day moving average is $1,263.94. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,380.83. The stock has a market cap of $72.62 billion, a P/E ratio of 51.34, a PEG ratio of 2.04 and a beta of 1.42.

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

Insider Activity at TransDigm Group

In other TransDigm Group news, Director Robert J. Small sold 21,210 shares of TransDigm Group stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $1,315.87, for a total transaction of $27,909,602.70. Following the transaction, the director now owns 100,962 shares of the company’s stock, valued at $132,852,866.94. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Robert J. Small sold 21,210 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $1,315.87, for a total transaction of $27,909,602.70. Following the transaction, the director now directly owns 100,962 shares in the company, valued at $132,852,866.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 5,073 shares of TransDigm Group stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at $26,769,080.40. The disclosure for this sale can be found here. Insiders sold a total of 59,283 shares of company stock valued at $75,790,191 in the last three months. 4.96% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TDG. Truist Financial lifted their target price on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. lifted their price objective on shares of TransDigm Group from $1,350.00 to $1,435.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. Barclays increased their target price on shares of TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Monday, May 13th. Susquehanna boosted their price target on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, Northcoast Research assumed coverage on TransDigm Group in a research note on Thursday, August 1st. They issued a “neutral” rating on the stock. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,438.24.

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.