Benjamin Edwards Inc. Trims Position in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Benjamin Edwards Inc. reduced its holdings in Transdigm Group by 16.9%, owning 889 shares valued at approximately $1.23 million after selling 181 shares in the 1st quarter.
• Several major institutional investors, including Vanguard Group Inc. and GAMMA Investing LLC, have increased their positions significantly, reflecting strong interest in Transdigm Group's stock.
• Transdigm Group reported earnings per share of $9.60 for the last quarter, slightly below analyst expectations, but showed a 9.3% increase in revenue year-over-year.

Benjamin Edwards Inc. decreased its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 16.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 889 shares of the aerospace company's stock after selling 181 shares during the quarter. Benjamin Edwards Inc.'s holdings in Transdigm Group were worth $1,230,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TDG. Vontobel Holding Ltd. acquired a new stake in Transdigm Group in the first quarter valued at approximately $387,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of Transdigm Group during the 1st quarter valued at $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Transdigm Group by 4.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company's stock worth $11,970,000 after acquiring an additional 380 shares during the last quarter. Mutual Advisors LLC acquired a new position in Transdigm Group in the 1st quarter worth about $263,000. Finally, Paragon Advisors LLC raised its position in Transdigm Group by 14.2% in the first quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company's stock valued at $2,490,000 after purchasing an additional 224 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

Transdigm Group Trading Down 1.7%

Transdigm Group stock traded down $24.13 during trading on Friday, hitting $1,388.60. 496,373 shares of the company were exchanged, compared to its average volume of 289,591. The company has a market capitalization of $78.25 billion, a P/E ratio of 46.09, a PEG ratio of 2.94 and a beta of 1.07. The business's 50 day moving average is $1,503.15 and its 200 day moving average is $1,412.93. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week 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). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the company earned $9.00 EPS. The business's revenue was up 9.3% compared to the same quarter last year. Equities analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Insider Transactions at Transdigm Group

In related news, Director Sean P. Hennessy sold 4,700 shares of Transdigm Group stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the sale, the director directly owned 33,713 shares in the company, valued at approximately $48,429,398.76. This trade represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 2,736 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following the completion of the transaction, the director owned 21,548 shares of the company's stock, valued at $33,827,343.28. This trade represents a 11.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,872 shares of company stock worth $100,747,061. Company insiders own 4.09% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TDG shares. JPMorgan Chase & Co. boosted their price target on Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. The Goldman Sachs Group boosted their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Wells Fargo & Company raised 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 note on Thursday, May 8th. Citigroup boosted their price objective on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Transdigm Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,624.69.

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.