Versant Capital Management Inc Purchases 38 Shares of TransDigm Group Incorporated (NYSE:TDG)

Versant Capital Management Inc raised its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 542.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45 shares of the aerospace company’s stock after purchasing an additional 38 shares during the period. Versant Capital Management Inc’s holdings in TransDigm Group were worth $57,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. HBW Advisory Services LLC purchased a new position in shares of TransDigm Group in the 2nd quarter valued at $208,000. DNB Asset Management AS increased its holdings in shares of TransDigm Group by 1.8% in the 2nd quarter. DNB Asset Management AS now owns 23,219 shares of the aerospace company’s stock valued at $29,665,000 after acquiring an additional 401 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in shares of TransDigm Group by 27.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 169 shares of the aerospace company’s stock valued at $216,000 after acquiring an additional 36 shares during the period. First Hawaiian Bank purchased a new position in shares of TransDigm Group in the 2nd quarter valued at $1,054,000. Finally, GAMMA Investing LLC increased its holdings in shares of TransDigm Group by 42.9% in the 2nd quarter. GAMMA Investing LLC now owns 506 shares of the aerospace company’s stock valued at $646,000 after acquiring an additional 152 shares during the period. 95.78% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $1,292.89, for a total value of $12,928,900.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,547,396.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Jessica L. Warren sold 925 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the transaction, the insider now owns 50 shares of the company’s stock, valued at approximately $66,967. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $1,292.89, for a total value of $12,928,900.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,547,396.62. The disclosure for this sale can be found here. Insiders 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.

TransDigm Group Stock Up 2.2 %

Shares of TDG stock traded up $27.12 on Tuesday, hitting $1,236.57. The company had a trading volume of 407,935 shares, compared to its average volume of 226,456. The firm has a market cap of $69.20 billion, a P/E ratio of 50.16, a price-to-earnings-growth ratio of 2.03 and a beta of 1.38. The company has a 50-day moving average price of $1,287.02 and a 200-day moving average price of $1,233.02. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,369.57.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.42 by $0.57. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.39 EPS. Equities research analysts expect that TransDigm Group Incorporated will post 30.21 EPS for the current year.

Wall Street Analysts Forecast Growth

TDG has been the topic of a number of analyst reports. KeyCorp lifted their price target on TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft boosted their target price on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Morgan Stanley boosted their target price on TransDigm Group from $1,275.00 to $1,550.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Stifel Nicolaus boosted their target price on TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a research note on Friday, June 7th. Finally, UBS Group boosted their target price on TransDigm Group from $1,403.00 to $1,466.00 and gave the stock a “neutral” rating in a research note on Monday, July 1st. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,417.69.

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.