MQS Management LLC Takes $778,000 Position in TransDigm Group Incorporated (NYSE:TDG)

MQS Management LLC purchased a new stake in TransDigm Group Incorporated (NYSE:TDG) in the second quarter, HoldingsChannel reports. The firm purchased 609 shares of the aerospace company’s stock, valued at approximately $778,000. TransDigm Group accounts for approximately 0.5% of MQS Management LLC’s investment portfolio, making the stock its 29th biggest position.

Several other institutional investors have also recently bought and sold shares of TDG. Glass Jacobson Investment Advisors llc bought a new position in shares of TransDigm Group in the 2nd quarter valued at about $158,000. Zega Financial LLC lifted its holdings in TransDigm Group by 8.1% in the second quarter. Zega Financial LLC now owns 656 shares of the aerospace company’s stock valued at $838,000 after buying an additional 49 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in TransDigm Group by 9.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,224 shares of the aerospace company’s stock valued at $5,315,000 after acquiring an additional 371 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in TransDigm Group by 12.0% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 870 shares of the aerospace company’s stock worth $1,112,000 after acquiring an additional 93 shares during the period. Finally, Argent Trust Co raised its position in shares of TransDigm Group by 38.2% during the 2nd quarter. Argent Trust Co now owns 333 shares of the aerospace company’s stock valued at $425,000 after acquiring an additional 92 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TDG shares. Bank of America raised their target price on TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Morgan Stanley upped their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Susquehanna lifted their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Stifel Nicolaus increased 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, KeyCorp lifted their price target on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus price target of $1,438.24.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,186,078.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other TransDigm Group news, Director W Nicholas Howley sold 5,073 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $26,769,080.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,186,078.80. The disclosure for this sale can be found here. Insiders have sold a total of 36,545 shares of company stock valued at $46,454,828 over the last 90 days. 4.96% of the stock is currently owned by insiders.

TransDigm Group Stock Down 0.1 %

NYSE:TDG opened at $1,373.70 on Thursday. The firm has a market capitalization of $77.08 billion, a price-to-earnings ratio of 54.49, a price-to-earnings-growth ratio of 2.16 and a beta of 1.42. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,396.13. The stock’s 50 day moving average price is $1,288.02 and its two-hundred day moving average price is $1,272.53.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.77 by $1.23. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.55 earnings per share. As a group, analysts anticipate that TransDigm Group Incorporated will post 30.69 earnings per share for the current year.

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.