Ashton Thomas Private Wealth LLC Invests $171,000 in TransDigm Group Incorporated (NYSE:TDG)

Ashton Thomas Private Wealth LLC purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 134 shares of the aerospace company’s stock, valued at approximately $171,000.

Several other institutional investors have also added to or reduced their stakes in TDG. Fortitude Family Office LLC boosted its position in shares of TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 17 shares during the last quarter. ORG Partners LLC bought a new position in TransDigm Group during the first quarter valued at $30,000. Central Pacific Bank Trust Division purchased a new position in shares of TransDigm Group in the 1st quarter worth $39,000. Frazier Financial Advisors LLC bought a new stake in shares of TransDigm Group in the 4th quarter worth about $43,000. Finally, Crewe Advisors LLC purchased a new stake in shares of TransDigm Group during the 1st quarter valued at about $46,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Up 1.5 %

TDG opened at $1,348.03 on Friday. The company has a market capitalization of $75.64 billion, a price-to-earnings ratio of 53.47, a PEG ratio of 2.04 and a beta of 1.42. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,380.83. The business’s fifty day simple moving average is $1,280.02 and its 200-day simple moving average is $1,266.51.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm posted $6.55 EPS. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, equities research analysts predict that TransDigm Group Incorporated will post 30.69 EPS for the current year.

Analyst Ratings Changes

TDG has been the topic of several analyst reports. KeyCorp boosted their price objective on TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Susquehanna boosted their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Morgan Stanley raised their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company lowered their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and an average price target of $1,438.24.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other TransDigm Group news, Director W Nicholas Howley sold 5,073 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $26,769,080.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. The disclosure for this sale can be found here. Insiders sold a total of 28,073 shares of company stock worth $34,795,388 over the last 90 days. Company insiders own 4.96% of the company’s stock.

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.