Charles Schwab Investment Management Inc. Buys 14,703 Shares of Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Charles Schwab Investment Management Inc. raised its stake in Transdigm Group by 4.2%, now owning approximately $504.84 million worth of shares.
• Transdigm's stock recently experienced a 2.0% increase and has a market capitalization of $80.27 billion, with a current stock price around $1,429.07.
• The company reported earnings of $9.60 EPS for the last quarter, falling short of analysts' expectations of $9.75 EPS, despite a year-over-year revenue increase of 9.3%.

Charles Schwab Investment Management Inc. boosted its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 364,956 shares of the aerospace company's stock after buying an additional 14,703 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.65% of Transdigm Group worth $504,840,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TDG. Bruce G. Allen Investments LLC boosted its position in shares of Transdigm Group by 111.1% in the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 10 shares during the period. Winch Advisory Services LLC boosted its position in shares of Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after acquiring an additional 7 shares during the period. Park Square Financial Group LLC bought a new stake in shares of Transdigm Group in the fourth quarter valued at approximately $32,000. Wayfinding Financial LLC acquired a new stake in Transdigm Group during the first quarter worth about $75,000. Finally, CVA Family Office LLC increased its stake in Transdigm Group by 123.1% during the first quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock valued at $80,000 after acquiring an additional 32 shares during the period. 95.78% of the stock is owned by institutional investors.

Transdigm Group Stock Up 0.1%

TDG stock traded up $2.05 during midday trading on Tuesday, reaching $1,411.60. 130,367 shares of the company's stock traded hands, compared to its average volume of 286,783. The company has a 50-day simple moving average of $1,506.57 and a two-hundred day simple moving average of $1,411.92. Transdigm Group Incorporated has a 1-year low of $1,183.60 and a 1-year high of $1,623.82. The company has a market cap of $79.54 billion, a price-to-earnings ratio of 46.84, a PEG ratio of 2.89 and a beta of 1.07.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the company earned $9.00 EPS. The firm's revenue was up 9.3% compared to the same quarter last year. Equities research analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Insider Transactions at Transdigm Group

In other news, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $1,434.35, for a total transaction of $4,303,050.00. Following the transaction, the chief operating officer owned 3,600 shares of the company's stock, valued at $5,163,660. This represents a 45.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 transaction, the director directly owned 21,548 shares in the company, 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. Insiders have sold a total of 69,872 shares of company stock worth $100,747,061 over the last ninety days. 4.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TDG has been the topic of several recent research reports. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Wells Fargo & Company lifted their price target on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Citigroup boosted their price target on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a report on Monday, July 14th. Susquehanna raised their price objective on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Finally, Stifel Nicolaus initiated coverage on shares of Transdigm Group in a research note on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 target price on the stock. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,616.86.

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.