158 Shares in TransDigm Group Incorporated (NYSE:TDG) Purchased by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. purchased a new stake in TransDigm Group Incorporated (NYSE:TDG) in the 2nd quarter, Holdings Channel reports. The firm purchased 158 shares of the aerospace company’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisory Services Network LLC increased its position in 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 last quarter. Intech Investment Management LLC raised its holdings in shares of TransDigm Group by 68.2% in the 4th 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. Brevan Howard Capital Management LP purchased a new stake in shares of TransDigm Group during the 4th quarter worth about $1,909,000. Wealth Enhancement Advisory Services LLC lifted its position in TransDigm Group by 17.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock valued at $4,980,000 after buying an additional 567 shares in the last quarter. Finally, UBS Group AG grew its stake in TransDigm Group by 9.4% during the fourth quarter. UBS Group AG now owns 36,433 shares of the aerospace company’s stock worth $36,856,000 after buying an additional 3,120 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other TransDigm Group news, Director W Nicholas Howley sold 5,073 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $26,769,080.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,469,760. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,073 shares of company stock worth $34,795,388. 4.96% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. UBS Group reduced their target price on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Wells Fargo & Company decreased their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Stifel Nicolaus raised their target price on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a report on Friday, June 7th. KeyCorp boosted their price target on 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. Finally, Bank of America boosted their target price on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,438.24.

TransDigm Group Trading Up 0.4 %

Shares of NYSE TDG opened at $1,373.19 on Tuesday. The company has a market cap of $76.84 billion, a price-to-earnings ratio of 54.47, a price-to-earnings-growth ratio of 2.12 and a beta of 1.42. The stock’s 50 day simple moving average is $1,283.91 and its 200 day simple moving average is $1,270.47. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,388.41.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the business posted $6.55 earnings per share. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, equities analysts forecast that TransDigm Group Incorporated will post 30.69 earnings per share for the current fiscal year.

About TransDigm Group

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.