Burling Wealth Partners LLC Buys Shares of 622 TransDigm Group Incorporated (NYSE:TDG)

Burling Wealth Partners LLC acquired a new stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 622 shares of the aerospace company's stock, valued at approximately $788,000.

A number of other institutional investors have also recently added to or reduced their stakes in TDG. Vanguard Group Inc. lifted its holdings in shares of TransDigm Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock valued at $7,946,863,000 after purchasing an additional 79,284 shares in the last quarter. Capital World Investors lifted its stake in TransDigm Group by 4.3% in the 4th quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock valued at $4,805,434,000 after buying an additional 155,541 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in TransDigm Group by 10.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after buying an additional 206,822 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of TransDigm Group by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after acquiring an additional 185,422 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of TransDigm Group by 0.3% during the fourth quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock valued at $2,440,268,000 after acquiring an additional 5,414 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

TransDigm Group Stock Up 0.3 %

TDG stock traded up $4.18 during trading hours on Tuesday, hitting $1,399.90. The company's stock had a trading volume of 63,708 shares, compared to its average volume of 254,575. The company has a market capitalization of $78.51 billion, a PE ratio of 49.32, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. The stock has a 50 day moving average price of $1,339.86 and a two-hundred day moving average price of $1,319.51. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the business posted $7.16 EPS. TransDigm Group's revenue was up 12.1% compared to the same quarter last year. Sell-side analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Buying and Selling at TransDigm Group

In other news, COO Joel Reiss sold 3,300 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,758,480. This represents a 47.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $1,346.30, for a total value of $7,366,953.60. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $29,010,072.40. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,894 shares of company stock valued at $167,450,256 in the last 90 days. 4.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on TDG. UBS Group raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price for the company in a research note on Monday, February 24th. Barclays restated an "equal weight" rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Finally, Northcoast Research raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a research report on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,464.41.

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.