Choreo LLC Acquires 401 Shares of Transdigm Group Incorporated (NYSE:TDG)

Choreo LLC grew its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 43.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,327 shares of the aerospace company's stock after purchasing an additional 401 shares during the period. Choreo LLC's holdings in Transdigm Group were worth $1,836,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TDG. Winch Advisory Services LLC raised its stake in shares of Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after buying an additional 7 shares in the last quarter. Rothschild Investment LLC boosted its stake in shares of Transdigm Group by 13.1% during the 1st quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock worth $95,000 after acquiring an additional 8 shares in the last quarter. Balefire LLC grew its holdings in shares of Transdigm Group by 4.9% in the 1st quarter. Balefire LLC now owns 171 shares of the aerospace company's stock worth $237,000 after acquiring an additional 8 shares during the period. Park Square Financial Group LLC boosted its position in shares of Transdigm Group by 36.0% in the 1st quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company's stock worth $47,000 after buying an additional 9 shares in the last quarter. Finally, Texas Yale Capital Corp. raised its position in Transdigm Group by 0.4% during the fourth quarter. Texas Yale Capital Corp. now owns 2,686 shares of the aerospace company's stock worth $3,404,000 after acquiring an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on TDG. Northcoast Research raised Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective on the stock in a research note on Wednesday, April 9th. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Wells Fargo & Company increased 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. Susquehanna increased their target price on Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Finally, The Goldman Sachs Group raised their price objective on 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 analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Transdigm Group currently has an average rating of "Moderate Buy" and a consensus target price of $1,606.47.

Insider Buying and Selling

In related news, Director Robert J. Small sold 45,700 shares of the company's stock in a transaction 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 transaction, the director directly owned 88,419 shares in the company, valued at $125,997,959.19. This represents a 34.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $1,434.35, for a total value of $4,303,050.00. Following the transaction, the chief operating officer owned 3,600 shares in the company, valued at $5,163,660. This represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 119,113 shares of company stock worth $173,419,391. 4.09% of the stock is currently owned by company insiders.

Transdigm Group Trading Up 0.4%

TDG stock traded up $6.85 during midday trading on Friday, reaching $1,606.09. The company had a trading volume of 200,223 shares, compared to its average volume of 224,248. The company has a 50 day moving average of $1,489.82 and a two-hundred day moving average of $1,395.31. Transdigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,615.35. The company has a market capitalization of $90.21 billion, a P/E ratio of 54.22, a PEG ratio of 3.23 and a beta of 1.04.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.83 by $0.28. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the company posted $7.99 EPS. The firm's revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Company 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.