Price T Rowe Associates Inc. MD Cuts Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Price T Rowe Associates Inc. MD decreased its position in TransDigm Group Incorporated (NYSE:TDG) by 0.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 541,657 shares of the aerospace company’s stock after selling 3,354 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.97% of TransDigm Group worth $667,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC grew its stake in TransDigm Group by 31.2% in the first quarter. Lazard Asset Management LLC now owns 395 shares of the aerospace company’s stock worth $486,000 after purchasing an additional 94 shares during the period. LRI Investments LLC bought a new position in TransDigm Group in the first quarter valued at about $160,000. Canada Pension Plan Investment Board lifted its holdings in TransDigm Group by 4.2% in the first quarter. Canada Pension Plan Investment Board now owns 128,229 shares of the aerospace company’s stock valued at $157,927,000 after acquiring an additional 5,216 shares during the period. Capital World Investors raised its stake in shares of TransDigm Group by 14.3% in the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after buying an additional 442,182 shares during the period. Finally, Capital Research Global Investors raised its stake in shares of TransDigm Group by 1.6% in the first quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock worth $2,420,882,000 after buying an additional 30,393 shares during the period. Institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets

In related news, Director W Nicholas Howley sold 197 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total value of $259,673.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other TransDigm Group news, Director W Nicholas Howley sold 197 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total value of $259,673.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert J. Small sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $1,323.86, for a total value of $39,715,800.00. Following the sale, the director now directly owns 112,381 shares in the company, valued at $148,776,710.66. The disclosure for this sale can be found here. Insiders have sold a total of 105,905 shares of company stock valued at $137,900,519 in the last quarter. 4.96% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on TDG shares. Robert W. Baird increased their target price on TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. The Goldman Sachs Group raised their price target on TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Stifel Nicolaus lifted 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Thursday, June 27th. Finally, Citigroup lifted their price target on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,417.69.

TransDigm Group Price Performance

NYSE TDG traded up $1.03 on Monday, hitting $1,235.89. 32,060 shares of the company’s stock were exchanged, compared to its average volume of 221,328. The firm’s 50-day moving average price is $1,297.49 and its two-hundred day moving average price is $1,223.96. TransDigm Group Incorporated has a fifty-two week low of $802.46 and a fifty-two week high of $1,369.57. The firm has a market cap of $69.16 billion, a price-to-earnings ratio of 49.16, a P/E/G ratio of 2.07 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the company earned $5.39 EPS. TransDigm Group’s revenue was up 20.5% on a year-over-year basis. On average, research analysts predict that TransDigm Group Incorporated will post 30.21 earnings per share for the current fiscal year.

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.