TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. cut its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 12.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,679 shares of the aerospace company's stock after selling 245 shares during the quarter. Centaurus Financial Inc.'s holdings in TransDigm Group were worth $2,128,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC increased its stake in TransDigm Group by 1.8% during the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock worth $585,000 after acquiring an additional 8 shares during the last quarter. Quent Capital LLC boosted its position in shares of TransDigm Group by 6.5% in the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock worth $167,000 after buying an additional 8 shares during the period. Lindbrook Capital LLC boosted its position in shares of TransDigm Group by 3.6% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock worth $293,000 after buying an additional 8 shares during the period. Western Financial Corp CA boosted its position in shares of TransDigm Group by 0.6% in the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company's stock worth $1,902,000 after buying an additional 9 shares during the period. Finally, TFB Advisors LLC boosted its position in shares of TransDigm Group by 2.3% in the fourth quarter. TFB Advisors LLC now owns 399 shares of the aerospace company's stock worth $506,000 after buying an additional 9 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Stock Up 0.5%

NYSE:TDG traded up $7.51 during trading hours on Friday, reaching $1,468.19. 374,966 shares of the stock were exchanged, compared to its average volume of 262,430. The firm has a 50 day simple moving average of $1,377.21 and a 200-day simple moving average of $1,331.12. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,488.54. The stock has a market capitalization of $82.46 billion, a P/E ratio of 51.79, a P/E/G ratio of 2.76 and a beta of 1.09.

TransDigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the business posted $7.99 EPS. TransDigm Group's quarterly revenue was up 12.0% compared to the same quarter last year. As a group, analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TDG. Wall Street Zen raised TransDigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. 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. UBS Group upped their target price on TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Wells Fargo & Company upped their target price on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Susquehanna upped their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,492.36.

Insiders Place Their Bets

In other news, Director W Nicholas Howley sold 49,241 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $31,801,615.80. This represents a 69.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sean P. Hennessy sold 4,700 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the sale, the director now owns 33,713 shares in the company, valued at $48,429,398.76. The trade was a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 149,713 shares of company stock valued at $208,099,857 in the last quarter. Insiders own 4.09% of the company's stock.

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.