Gulf International Bank UK Ltd Has $4.51 Million Stake in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Gulf International Bank UK Ltd reduced its stake in Transdigm Group Incorporated by 26.5%, selling 1,172 shares, now holding 3,259 shares valued at $4,508,000.
• Notable insider transactions include Director Robert J. Small selling 45,700 shares for over $65 million, representing a 34.07% decrease in his position.
• Analysts have varied price targets for Transdigm, with a consensus rating of "Moderate Buy" and an average target price of $1,624.69.

Gulf International Bank UK Ltd cut its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 26.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,259 shares of the aerospace company's stock after selling 1,172 shares during the period. Gulf International Bank UK Ltd's holdings in Transdigm Group were worth $4,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Winch Advisory Services LLC raised its holdings 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 worth $28,000 after buying an additional 7 shares during the period. Rothschild Investment LLC raised its holdings in shares of Transdigm Group by 13.1% in the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock worth $95,000 after buying an additional 8 shares during the period. Balefire LLC raised its holdings in shares of Transdigm Group by 4.9% in the first quarter. Balefire LLC now owns 171 shares of the aerospace company's stock worth $237,000 after buying an additional 8 shares during the period. New Republic Capital LLC raised its holdings in shares of Transdigm Group by 4.6% in the first quarter. New Republic Capital LLC now owns 183 shares of the aerospace company's stock worth $253,000 after buying an additional 8 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of Transdigm Group by 3.7% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 225 shares of the aerospace company's stock worth $311,000 after buying an additional 8 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Transdigm Group Stock Performance

TDG stock traded down $24.13 during midday trading on Friday, reaching $1,388.60. The stock had a trading volume of 496,373 shares, compared to its average volume of 356,001. The stock has a market cap of $78.25 billion, a PE ratio of 46.09, a P/E/G ratio of 2.92 and a beta of 1.07. The firm has a fifty day simple moving average of $1,503.15 and a two-hundred day simple moving average of $1,412.93. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing the consensus estimate of $9.75 by ($0.15). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The business had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same quarter in the prior year, the firm earned $9.00 EPS. Transdigm Group's revenue for the quarter was up 9.3% on a year-over-year basis. On average, sell-side analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following the sale, the director directly owned 21,548 shares in the company, valued at approximately $33,827,343.28. The trade was a 11.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $1,597.86, for a total value of $4,793,580.00. Following the completion of the sale, the chief operating officer owned 3,600 shares in the company, valued at approximately $5,752,296. The trade was a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,872 shares of company stock worth $100,747,061 in the last quarter. 4.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TDG. Susquehanna increased their price target on Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Stifel Nicolaus began coverage on Transdigm Group in a report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price target on the stock. Wells Fargo & Company increased their price target on Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. UBS Group increased their price target on Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Finally, Citigroup increased their target price on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Transdigm Group presently has a consensus rating of "Moderate Buy" and an average target price of $1,624.69.

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.