First Hawaiian Bank Takes Position in TransDigm Group Incorporated (NYSE:TDG)

First Hawaiian Bank bought a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) in the second quarter, Holdings Channel.com reports. The fund bought 825 shares of the aerospace company’s stock, valued at approximately $1,054,000.

A number of other large investors have also recently made changes to their positions in TDG. Raymond James Financial Services Advisors Inc. boosted its stake in shares of TransDigm Group by 21.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,366 shares of the aerospace company’s stock valued at $2,393,000 after purchasing an additional 423 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of TransDigm Group by 5.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 913 shares of the aerospace company’s stock valued at $924,000 after acquiring an additional 48 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of TransDigm Group by 134.8% in the fourth quarter. Blue Trust Inc. now owns 54 shares of the aerospace company’s stock valued at $55,000 after acquiring an additional 31 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of TransDigm Group by 15.4% in the fourth quarter. Global Retirement Partners LLC now owns 90 shares of the aerospace company’s stock valued at $92,000 after acquiring an additional 12 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of TransDigm Group by 97,711.9% in the fourth quarter. International Assets Investment Management LLC now owns 41,081 shares of the aerospace company’s stock valued at $41,558,000 after acquiring an additional 41,039 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TDG has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on shares of TransDigm Group from $1,275.00 to $1,550.00 and gave the stock an “overweight” rating in a report on Thursday, May 9th. UBS Group boosted their target price on shares of TransDigm Group from $1,403.00 to $1,466.00 and gave the stock a “neutral” rating in a report on Monday, July 1st. KeyCorp boosted their target price on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Thursday, June 27th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average target price of $1,417.69.

TransDigm Group Stock Up 4.3 %

Shares of TDG traded up $51.76 during mid-day trading on Tuesday, reaching $1,261.21. 249,123 shares of the stock traded hands, compared to its average volume of 225,399. The stock has a fifty day simple moving average of $1,287.02 and a 200 day simple moving average of $1,233.02. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,369.57. The firm has a market cap of $70.58 billion, a price-to-earnings ratio of 50.16, a P/E/G ratio of 2.03 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.39 EPS. On average, equities research analysts expect that TransDigm Group Incorporated will post 30.21 earnings per share for the current fiscal year.

Insider Activity at TransDigm Group

In other news, insider Jessica L. Warren sold 925 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the sale, the insider now owns 50 shares in the company, valued at approximately $66,967. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director W Nicholas Howley sold 5,073 shares of the firm’s stock in a transaction 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 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 SEC, which is available at this hyperlink. Also, insider Jessica L. Warren sold 925 shares of TransDigm Group stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the sale, the insider now directly owns 50 shares in the company, valued at approximately $66,967. The disclosure for this sale can be found here. Insiders sold 105,905 shares of company stock worth $137,900,519 in the last 90 days. 4.96% of the stock is currently owned by company insiders.

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.