King Luther Capital Management Corp Buys 11,759 Shares of Transdigm Group Incorporated (NYSE:TDG)

Key Points

• King Luther Capital Management Corp increased its stake in Transdigm Group Incorporated by 26.5% during the first quarter, owning 56,208 shares valued at about $77.75 million.
• Analysts have a Moderate Buy rating on the stock, with price targets increased by firms like Citigroup and Goldman Sachs, reaching as high as $1,795.00.
• Insider selling activity has seen directors selling nearly 70,000 shares over the past three months, reflecting decreased positions amidst a backdrop of robust institutional ownership of nearly 96%.

King Luther Capital Management Corp boosted its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 26.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,208 shares of the aerospace company's stock after acquiring an additional 11,759 shares during the quarter. King Luther Capital Management Corp owned 0.10% of Transdigm Group worth $77,752,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Frank Rimerman Advisors LLC raised its stake in Transdigm Group by 32.0% during the first quarter. Frank Rimerman Advisors LLC now owns 4,354 shares of the aerospace company's stock worth $6,023,000 after acquiring an additional 1,056 shares in the last quarter. Cynosure Group LLC grew its position in Transdigm Group by 8.2% during the 1st quarter. Cynosure Group LLC now owns 251 shares of the aerospace company's stock worth $347,000 after acquiring an additional 19 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in Transdigm Group during the 1st quarter worth approximately $80,000. Townsquare Capital LLC increased its holdings in Transdigm Group by 14.5% during the 1st quarter. Townsquare Capital LLC now owns 4,993 shares of the aerospace company's stock valued at $6,907,000 after purchasing an additional 632 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in Transdigm Group by 43.8% in the first quarter. National Bank of Canada FI now owns 41,669 shares of the aerospace company's stock worth $57,640,000 after purchasing an additional 12,695 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Transdigm Group

In related news, CFO Sarah Wynne sold 3,200 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $1,452.15, for a total value of $4,646,880.00. Following the completion of the sale, the chief financial officer owned 3,400 shares in the company, valued at $4,937,310. This represents a 48.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director W Nicholas Howley sold 2,736 shares of the firm's stock in a transaction on 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 $33,827,343.28. The trade was a 11.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,872 shares of company stock valued at $100,747,061. 4.09% of the stock is owned by corporate insiders.

Transdigm Group Price Performance

Shares of Transdigm Group stock traded down $12.27 during trading on Thursday, hitting $1,413.54. 103,052 shares of the company were exchanged, compared to its average volume of 287,475. The firm has a market capitalization of $79.65 billion, a P/E ratio of 47.03, a price-to-earnings-growth ratio of 2.91 and a beta of 1.07. The firm's fifty day moving average price is $1,505.21 and its 200 day moving average price is $1,412.01. Transdigm Group Incorporated has a 1-year low of $1,183.60 and a 1-year high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the firm posted $9.00 EPS. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Morgan Stanley raised their target price on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Stifel Nicolaus started coverage on shares of Transdigm Group in a research report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price objective for the company. KeyCorp dropped their target price on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. JPMorgan Chase & Co. increased their price target on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Finally, Citigroup boosted their price objective on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Transdigm Group presently has a consensus rating of "Moderate Buy" and an average price target of $1,624.69.

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.