TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. lowered its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 8.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 301 shares of the aerospace company’s stock after selling 29 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in TransDigm Group were worth $371,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its position in TransDigm Group by 15.0% during the fourth quarter. Advisory Services Network LLC now owns 5,846 shares of the aerospace company’s stock worth $5,913,000 after acquiring an additional 762 shares during the last quarter. Intech Investment Management LLC raised its position in shares of TransDigm Group by 68.2% in the fourth quarter. Intech Investment Management LLC now owns 8,531 shares of the aerospace company’s stock valued at $8,630,000 after buying an additional 3,458 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of TransDigm Group by 2,361.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company’s stock valued at $79,909,000 after buying an additional 75,784 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in shares of TransDigm Group in the fourth quarter valued at approximately $1,909,000. Finally, Townsquare Capital LLC raised its position in shares of TransDigm Group by 4.5% in the third quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company’s stock valued at $2,235,000 after buying an additional 114 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TDG. Royal Bank of Canada boosted their price objective on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. KeyCorp boosted their price objective on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Robert W. Baird boosted their price objective on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 18th. Finally, Barclays upped their price target on shares of TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. Six 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,403.88.

TransDigm Group Stock Performance

Shares of NYSE:TDG opened at $1,327.35 on Friday. The stock has a market capitalization of $74.28 billion, a price-to-earnings ratio of 52.65, a price-to-earnings-growth ratio of 2.28 and a beta of 1.39. TransDigm Group Incorporated has a 1-year low of $802.46 and a 1-year high of $1,369.57. The company’s fifty day moving average is $1,292.60 and its two-hundred day moving average is $1,170.49.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The firm’s revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the company earned $5.39 earnings per share. Sell-side analysts expect that TransDigm Group Incorporated will post 29.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert J. Small sold 30,000 shares of the stock in a transaction dated 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 owns 112,381 shares of the company’s stock, valued at approximately $148,776,710.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Robert J. Small sold 30,000 shares of the stock in a transaction dated 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 owns 112,381 shares of the company’s stock, valued at approximately $148,776,710.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert J. Small sold 21,210 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 100,962 shares of the company’s stock, valued at approximately $132,852,866.94. The disclosure for this sale can be found here. In the last quarter, insiders have bought 3 shares of company stock valued at $1,690 and have sold 100,833 shares valued at $131,249,183. 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.