GW&K Investment Management LLC Sells 3,495 Shares of Transdigm Group Incorporated (NYSE:TDG)

GW&K Investment Management LLC decreased its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 18.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,509 shares of the aerospace company's stock after selling 3,495 shares during the quarter. GW&K Investment Management LLC's holdings in Transdigm Group were worth $21,453,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC boosted its stake in Transdigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 10 shares during the period. Park Square Financial Group LLC bought a new stake in shares of Transdigm Group in the 4th quarter worth approximately $32,000. Meeder Asset Management Inc. lifted its position in shares of Transdigm Group by 210.0% in the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after acquiring an additional 21 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Transdigm Group in the 1st quarter worth approximately $75,000. Finally, CVA Family Office LLC lifted its position in shares of Transdigm Group by 123.1% in the 1st quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock worth $80,000 after acquiring an additional 32 shares during the period. Institutional investors own 95.78% of the company's stock.

Transdigm Group Price Performance

Shares of NYSE TDG traded down $1.13 during midday trading on Friday, hitting $1,598.11. The stock had a trading volume of 45,401 shares, compared to its average volume of 273,639. The firm has a market cap of $89.77 billion, a P/E ratio of 53.92, a price-to-earnings-growth ratio of 3.23 and a beta of 1.04. Transdigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,615.35. The company's 50-day simple moving average is $1,486.15 and its 200 day simple moving average is $1,392.88.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the firm posted $7.99 earnings per share. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. Equities analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Analysts Set New Price Targets

TDG has been the subject of a number of research reports. Morgan Stanley raised their price objective on Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. KeyCorp raised their price objective on Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. UBS Group raised their price objective on Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Stifel Nicolaus started coverage on Transdigm Group in a report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 target price for the company. Four investment 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, the company presently has an average rating of "Moderate Buy" and an average price target of $1,606.47.

Insider Buying and Selling at Transdigm Group

In other news, Director W Nicholas Howley sold 49,241 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the transaction, the director directly owned 21,548 shares in the company, valued at $31,801,615.80. This trade represents a 69.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Small sold 45,700 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the completion of the transaction, the director owned 88,419 shares in the company, valued at $125,997,959.19. This represents a 34.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,113 shares of company stock valued at $173,419,391 over the last ninety days. Company insiders own 4.09% of the company's stock.

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.