HB Wealth Management LLC Buys 94 Shares of TransDigm Group Incorporated (NYSE:TDG)

HB Wealth Management LLC grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 17.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 641 shares of the aerospace company’s stock after buying an additional 94 shares during the quarter. HB Wealth Management LLC’s holdings in TransDigm Group were worth $819,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its position in TransDigm Group by 0.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock worth $1,190,000 after buying an additional 8 shares during the period. Team Hewins LLC lifted its holdings in shares of TransDigm Group by 3.0% during the first quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock worth $339,000 after purchasing an additional 8 shares during the period. Souders Financial Advisors grew its stake in shares of TransDigm Group by 1.1% in the first quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock worth $945,000 after purchasing an additional 8 shares during the last quarter. Bennett Selby Investments LP increased its holdings in TransDigm Group by 2.4% in the second quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock valued at $429,000 after purchasing an additional 8 shares during the period. Finally, Coldstream Capital Management Inc. lifted its holdings in TransDigm Group by 1.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock worth $577,000 after buying an additional 9 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Wednesday, August 7th. Northcoast Research began coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They issued a “neutral” rating for the company. Morgan Stanley increased their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Wells Fargo & Company decreased their price target on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. Finally, KeyCorp increased their price objective on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,422.94.

TransDigm Group Stock Performance

TDG stock traded up $26.75 during mid-day trading on Thursday, hitting $1,359.81. The company had a trading volume of 53,391 shares, compared to its average volume of 223,986. The firm has a market cap of $76.09 billion, a PE ratio of 52.89, a price-to-earnings-growth ratio of 2.06 and a beta of 1.38. TransDigm Group Incorporated has a 12 month low of $802.46 and a 12 month high of $1,369.57. The stock’s fifty day moving average price is $1,271.09 and its two-hundred day moving average price is $1,253.27.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the firm posted $6.55 EPS. TransDigm Group’s revenue was up 17.3% on a year-over-year basis. Equities analysts anticipate that TransDigm Group Incorporated will post 30.58 earnings per share for the current year.

Insider Transactions at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,019,981.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,019,981.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jessica L. Warren sold 925 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the transaction, the insider now owns 50 shares of the company’s stock, valued at approximately $66,967. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,708 shares of company stock worth $133,146,005. 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.