TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC boosted its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,624 shares of the aerospace company's stock after buying an additional 757 shares during the period. TransDigm Group makes up about 1.7% of Douglas Lane & Associates LLC's holdings, making the stock its 10th biggest position. Douglas Lane & Associates LLC owned approximately 0.15% of TransDigm Group worth $114,293,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TDG. Capital Advisors Ltd. LLC lifted its stake in shares of TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after acquiring an additional 16 shares during the period. Park Square Financial Group LLC acquired a new stake in TransDigm Group in the fourth quarter valued at about $32,000. Meeder Asset Management Inc. boosted its holdings in TransDigm Group by 210.0% in the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 21 shares in the last quarter. CENTRAL TRUST Co increased its position in TransDigm Group by 280.0% during the 4th quarter. CENTRAL TRUST Co now owns 57 shares of the aerospace company's stock worth $72,000 after purchasing an additional 42 shares during the period. Finally, Golden State Wealth Management LLC purchased a new position in shares of TransDigm Group during the 4th quarter worth approximately $73,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. UBS Group upped their price objective on TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Susquehanna increased their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Wells Fargo & Company boosted their price objective on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price on the stock in a research report on Wednesday, April 9th. Finally, Wall Street Zen upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,492.36.

Insiders Place Their Bets

In related news, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the transaction, the chief executive officer now directly owns 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 legal filing with the SEC, which is accessible through the SEC website. Also, Director Sean P. Hennessy sold 4,700 shares of TransDigm Group stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the sale, the director now owns 33,713 shares in the company, valued at $48,429,398.76. This represents a 12.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,713 shares of company stock worth $154,267,457 over the last quarter. 4.09% of the stock is owned by corporate insiders.

TransDigm Group Price Performance

TDG traded down $2.77 during trading on Thursday, hitting $1,445.93. The company's stock had a trading volume of 104,367 shares, compared to its average volume of 261,675. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54. The stock has a market cap of $81.21 billion, a PE ratio of 51.00, a PEG ratio of 2.76 and a beta of 1.05. The firm's 50 day moving average price is $1,381.29 and its 200-day moving average price is $1,334.36.

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

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.