HighPoint Advisor Group LLC Makes New Investment in TransDigm Group Incorporated (NYSE:TDG)

HighPoint Advisor Group LLC purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 340 shares of the aerospace company’s stock, valued at approximately $344,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TDG. Compagnie Lombard Odier SCmA purchased a new position in TransDigm Group in the 4th quarter worth $25,000. Oakworth Capital Inc. acquired a new stake in shares of TransDigm Group during the fourth quarter worth about $26,000. Optiver Holding B.V. purchased a new stake in TransDigm Group in the third quarter valued at approximately $35,000. VisionPoint Advisory Group LLC acquired a new position in TransDigm Group in the 4th quarter worth approximately $37,000. Finally, Oliver Lagore Vanvalin Investment Group raised its position in TransDigm Group by 48.0% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after buying an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Down 0.9 %

TDG stock opened at $1,327.35 on Friday. The stock has a market capitalization of $74.28 billion, a P/E ratio of 52.65, a P/E/G ratio of 2.28 and a beta of 1.39. TransDigm Group Incorporated has a 52 week low of $802.46 and a 52 week high of $1,369.57. The firm has a 50-day simple moving average of $1,292.60 and a 200-day simple moving average of $1,170.49.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, topping the consensus estimate of $7.42 by $0.57. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. TransDigm Group’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the business earned $5.39 EPS. On average, analysts expect that TransDigm Group Incorporated will post 29.99 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Bank of America upped their price objective on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Citigroup lifted their price objective on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Morgan Stanley upped 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. Wells Fargo & Company lifted their price target on TransDigm Group from $1,260.00 to $1,390.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. boosted their price target on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,403.88.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jessica L. Warren sold 925 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 50 shares in the company, valued at approximately $66,967. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 3 shares of company stock worth $1,690 and have sold 100,833 shares worth $131,249,183. 4.96% of the stock is currently owned by insiders.

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.