SRS Capital Advisors Inc. Boosts Holdings in TransDigm Group Incorporated (NYSE:TDG)

SRS Capital Advisors Inc. boosted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 4.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,556 shares of the aerospace company’s stock after buying an additional 64 shares during the period. SRS Capital Advisors Inc.’s holdings in TransDigm Group were worth $1,574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TDG. Vanguard Group Inc. grew its position in TransDigm Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company’s stock worth $4,977,008,000 after purchasing an additional 104,433 shares during the period. Deutsche Bank AG boosted its position in shares of TransDigm Group by 1,947.8% in the third quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after purchasing an additional 3,225,771 shares during the period. FMR LLC raised its position in shares of TransDigm Group by 9.0% during the 3rd quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock valued at $1,392,355,000 after purchasing an additional 136,834 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of TransDigm Group by 46.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock valued at $933,765,000 after buying an additional 349,409 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in TransDigm Group by 0.8% in the 3rd quarter. Morgan Stanley now owns 650,127 shares of the aerospace company’s stock worth $548,144,000 after buying an additional 4,989 shares during the period. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

TDG traded up $18.87 during trading on Thursday, hitting $1,268.19. The stock had a trading volume of 113,325 shares, compared to its average volume of 204,779. TransDigm Group Incorporated has a twelve month low of $750.86 and a twelve month high of $1,274.22. The stock has a 50 day simple moving average of $1,208.75 and a two-hundred day simple moving average of $1,069.59. The company has a market capitalization of $70.52 billion, a PE ratio of 53.05, a PEG ratio of 2.54 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the business posted $4.15 EPS. TransDigm Group’s revenue for the quarter was up 28.1% compared to the same quarter last year. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 29.08 EPS for the current year.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $1,140.48, for a total value of $3,421,440.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,105,728. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $1,140.48, for a total value of $3,421,440.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,105,728. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 59,087 shares of company stock valued at $69,840,358. 4.96% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Barclays increased their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Citigroup raised their price target on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. lifted their price objective on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. KeyCorp raised their price objective on TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, Royal Bank of Canada lifted their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,170.27.

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.