Lake Street Advisors Group LLC Boosts Stake in TransDigm Group Incorporated (NYSE:TDG)

Lake Street Advisors Group LLC increased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 127.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 711 shares of the aerospace company’s stock after buying an additional 398 shares during the quarter. Lake Street Advisors Group LLC’s holdings in TransDigm Group were worth $875,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA acquired a new stake in shares of TransDigm Group during the 4th quarter worth approximately $25,000. Oakworth Capital Inc. purchased a new position in shares of TransDigm Group during the 4th quarter worth $26,000. ORG Partners LLC purchased a new position in TransDigm Group during the first quarter worth about $30,000. VisionPoint Advisory Group LLC acquired a new position in shares of TransDigm Group in the 4th quarter worth approximately $37,000. Finally, Oliver Lagore Vanvalin Investment Group boosted its position in shares of TransDigm Group by 48.0% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 12 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on TDG shares. Stifel Nicolaus boosted their target price on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research report on Friday, June 7th. The Goldman Sachs Group raised their price target on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. UBS Group upped their price objective on TransDigm Group from $1,403.00 to $1,466.00 and gave the stock a “neutral” rating in a research report on Monday, July 1st. Citigroup lifted their target price 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. Finally, KeyCorp upped their price target on TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,417.69.

Insider Buying and Selling

In related news, Director Robert J. Small sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $1,323.86, for a total value of $39,715,800.00. Following the sale, the director now owns 112,381 shares of the company’s stock, valued at approximately $148,776,710.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $1,292.89, for a total transaction of $12,928,900.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,547,396.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert J. Small sold 30,000 shares of TransDigm Group stock in a transaction on Friday, June 7th. The shares were sold at an average price of $1,323.86, for a total value of $39,715,800.00. Following the sale, the director now directly owns 112,381 shares in the company, valued at approximately $148,776,710.66. The disclosure for this sale can be found here. Insiders have sold a total of 105,905 shares of company stock worth $137,900,519 over the last quarter. 4.96% of the stock is owned by company insiders.

TransDigm Group Stock Performance

Shares of NYSE TDG traded up $6.52 during midday trading on Thursday, reaching $1,252.00. 39,795 shares of the company’s stock were exchanged, compared to its average volume of 221,619. TransDigm Group Incorporated has a 52-week low of $802.46 and a 52-week high of $1,369.57. The business’s fifty day moving average price is $1,299.79 and its two-hundred day moving average price is $1,219.24. The stock has a market capitalization of $70.06 billion, a PE ratio of 49.45, a price-to-earnings-growth ratio of 2.15 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating the consensus estimate of $7.42 by $0.57. The company 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 business’s revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the business posted $5.39 EPS. Analysts predict that TransDigm Group Incorporated will post 30.21 earnings per share for the current fiscal year.

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.