Fisher Asset Management LLC Buys New Holdings in TransDigm Group Incorporated (NYSE:TDG)

Fisher Asset Management LLC bought a new stake in TransDigm Group Incorporated (NYSE:TDG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 223 shares of the aerospace company’s stock, valued at approximately $227,000.

Other large investors have also recently bought and sold shares of the company. Advisory Services Network LLC boosted its position in TransDigm Group by 15.0% in the 4th quarter. Advisory Services Network LLC now owns 5,846 shares of the aerospace company’s stock worth $5,913,000 after purchasing an additional 762 shares in the last quarter. Intech Investment Management LLC boosted its position in TransDigm Group by 68.2% in the 4th quarter. Intech Investment Management LLC now owns 8,531 shares of the aerospace company’s stock worth $8,630,000 after purchasing an additional 3,458 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in TransDigm Group by 2,361.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company’s stock worth $79,909,000 after purchasing an additional 75,784 shares in the last quarter. Brevan Howard Capital Management LP purchased a new stake in TransDigm Group in the 4th quarter worth approximately $1,909,000. Finally, Townsquare Capital LLC boosted its position in TransDigm Group by 4.5% in the 3rd quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company’s stock worth $2,235,000 after purchasing an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Down 0.6 %

NYSE TDG opened at $1,320.73 on Wednesday. The stock has a market cap of $73.91 billion, a PE ratio of 52.39, a P/E/G ratio of 2.24 and a beta of 1.39. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,369.57. The stock has a fifty day simple moving average of $1,299.00 and a 200-day simple moving average of $1,180.83.

TransDigm Group (NYSE:TDG) last released its quarterly 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 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 was up 20.5% compared to the same quarter last year. During the same period in the prior year, the business posted $5.39 EPS. Research analysts predict that TransDigm Group Incorporated will post 29.99 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TDG shares. Deutsche Bank Aktiengesellschaft upped their price objective on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Bank of America increased their target price on TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Robert W. Baird increased their price objective on TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. TD Cowen increased their price objective on TransDigm Group from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, The Goldman Sachs Group increased their price objective on TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,403.88.

Insider Transactions at TransDigm Group

In related news, Director Robert J. Small sold 21,210 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 100,962 shares in the company, valued at approximately $132,852,866.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Robert J. Small sold 30,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $1,323.86, for a total transaction of $39,715,800.00. Following the completion of the transaction, the director now directly owns 112,381 shares in the company, valued at approximately $148,776,710.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Small sold 21,210 shares of TransDigm Group stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $1,315.87, for a total value 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 ninety days, insiders sold 100,833 shares of company stock worth $131,249,183. 4.96% of the stock is currently owned by company insiders.

About TransDigm Group

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.