Aberdeen Group plc Has $53.31 Million Position in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Aberdeen Group plc increased its position in Transdigm Group by 102.2% during the first quarter, owning 38,694 shares worth approximately $53.31 million.
• Several institutional investors, including Bruce G. Allen Investments and CVA Family Office, also significantly increased their stakes in Transdigm Group, highlighting growing institutional interest.
• Analysts have recently raised price targets for Transdigm Group, with Morgan Stanley setting a new target at $1,750.00, indicating a generally optimistic outlook for the stock.

Aberdeen Group plc grew its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 102.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,694 shares of the aerospace company's stock after buying an additional 19,561 shares during the quarter. Aberdeen Group plc owned 0.07% of Transdigm Group worth $53,307,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bruce G. Allen Investments LLC lifted its stake in Transdigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 10 shares during the last quarter. Winch Advisory Services LLC lifted its stake in Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 7 shares during the last quarter. Park Square Financial Group LLC bought a new position in Transdigm Group in the 4th quarter valued at approximately $32,000. Wayfinding Financial LLC bought a new position in Transdigm Group in the 1st quarter valued at approximately $75,000. Finally, CVA Family Office LLC lifted its stake in Transdigm Group by 123.1% in the 1st quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock valued at $80,000 after purchasing an additional 32 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TDG has been the subject of several recent research reports. Morgan Stanley upped their price target on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Wells Fargo & Company upped their price target on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Susquehanna upped their price target on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Stifel Nicolaus initiated coverage on shares of Transdigm Group in a research report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price target for the company. Finally, The Goldman Sachs Group upped their price target on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Transdigm Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,624.69.

Insider Activity at Transdigm Group

In other Transdigm Group news, Director Robert J. Small sold 45,700 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the completion of the sale, the director directly owned 88,419 shares of the company's stock, valued at $125,997,959.19. This trade represents a 34.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $1,597.86, for a total transaction of $4,793,580.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares of the company's stock, valued at approximately $5,752,296. This trade represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,872 shares of company stock worth $100,747,061 in the last 90 days. Insiders own 4.09% of the company's stock.

Transdigm Group Price Performance

NYSE:TDG opened at $1,388.60 on Friday. The firm's 50-day moving average price is $1,503.15 and its 200-day moving average price is $1,412.93. The company has a market capitalization of $78.25 billion, a PE ratio of 46.09, a P/E/G ratio of 2.92 and a beta of 1.07. Transdigm Group Incorporated has a 1-year low of $1,183.60 and a 1-year high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.75 by ($0.15). The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. Transdigm Group's revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $9.00 EPS. Equities analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS 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.

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