Transdigm Group Incorporated (NYSE:TDG) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lessened its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 1.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,322 shares of the aerospace company's stock after selling 555 shares during the period. DekaBank Deutsche Girozentrale owned about 0.05% of Transdigm Group worth $40,180,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Transdigm Group by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock valued at $7,946,863,000 after acquiring an additional 79,284 shares during the period. Capital World Investors raised its stake in shares of Transdigm Group by 4.3% in the 4th quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock valued at $4,805,434,000 after acquiring an additional 155,541 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Transdigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after acquiring an additional 206,822 shares during the period. FMR LLC raised its stake in shares of Transdigm Group by 0.3% in the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock valued at $2,440,268,000 after acquiring an additional 5,414 shares during the period. Finally, Capital Research Global Investors raised its stake in shares of Transdigm Group by 4.8% in the 4th quarter. Capital Research Global Investors now owns 1,911,128 shares of the aerospace company's stock valued at $2,421,979,000 after acquiring an additional 87,309 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

Transdigm Group Trading Up 1.0%

TDG stock traded up $14.62 during mid-day trading on Thursday, hitting $1,541.06. 217,920 shares of the company were exchanged, compared to its average volume of 262,196. The company has a market capitalization of $86.56 billion, a PE ratio of 52.03, a price-to-earnings-growth ratio of 3.26 and a beta of 1.04. Transdigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,542.46. The firm has a fifty day simple moving average of $1,449.61 and a 200 day simple moving average of $1,370.31.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TDG shares. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Northcoast Research raised shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a research note on Wednesday, April 9th. UBS Group lifted their price target on shares of Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. KeyCorp lifted their price target on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 2nd. Finally, The Goldman Sachs Group lifted their price target on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Transdigm Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,545.80.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 20,000 shares of Transdigm Group stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $1,329.61, for a total value of $26,592,200.00. Following the completion of the transaction, the chief executive officer directly owned 8,158 shares of the company's stock, valued at approximately $10,846,958.38. The trade was a 71.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 49,241 shares of Transdigm Group stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the completion of the transaction, the director directly owned 21,548 shares of the company's stock, valued at $31,801,615.80. This trade represents a 69.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 142,149 shares of company stock worth $202,651,767. Corporate insiders own 4.09% of the company's stock.

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.