Procyon Advisors LLC Has $2.17 Million Stake in TransDigm Group Incorporated (NYSE:TDG)

Procyon Advisors LLC decreased its stake in TransDigm Group Incorporated (NYSE:TDG) by 10.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,762 shares of the aerospace company’s stock after selling 202 shares during the period. Procyon Advisors LLC’s holdings in TransDigm Group were worth $2,170,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Advisory Services Network LLC raised its position in shares of 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 purchasing an additional 762 shares during the period. Intech Investment Management LLC raised its position in shares of TransDigm Group by 68.2% during the fourth 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 during the period. Wedge Capital Management L L P NC raised its position in shares of TransDigm Group by 2,361.6% during the fourth 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 during the period. Brevan Howard Capital Management LP acquired a new stake in shares of TransDigm Group during the fourth quarter worth about $1,909,000. Finally, Townsquare Capital LLC raised its position in shares of TransDigm Group by 4.5% during the third 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 during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Ratings Changes

TDG has been the topic of a number of research analyst reports. UBS Group raised their price target on TransDigm Group from $1,302.00 to $1,403.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. increased their price objective on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. Royal Bank of Canada reiterated an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Thursday. TD Cowen increased their price objective on TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 18th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,410.13.

TransDigm Group Stock Down 0.9 %

TDG stock opened at $1,288.65 on Friday. The business has a 50 day moving average price of $1,300.46 and a two-hundred day moving average price of $1,181.65. The company has a market cap of $72.11 billion, a price-to-earnings ratio of 51.12, a P/E/G ratio of 2.20 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.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, topping the consensus estimate of $7.42 by $0.57. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the company posted $5.39 EPS. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 29.99 EPS for the current fiscal year.

Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $9,921,433.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $9,921,433.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,439,160. The disclosure for this sale can be found here. In the last three months, insiders sold 100,833 shares of company stock worth $131,249,183. 4.96% of the stock is owned by company insiders.

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.