Transdigm Group Incorporated (NYSE:TDG) Shares Acquired by LPL Financial LLC

Key Points

• LPL Financial LLC has increased its holdings in Transdigm Group by 4.9%, bringing its total ownership to 22,549 shares valued at $31.19 million.
• Transdigm Group's stock recently traded at $1,582.76, with a market capitalization of $88.90 billion and a P/E ratio of 53.44.
• Several institutions, including Capital World Investors and FMR LLC, have also boosted their stakes in Transdigm Group recently, reflecting strong institutional interest in the company.

LPL Financial LLC raised its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 4.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,549 shares of the aerospace company's stock after buying an additional 1,054 shares during the quarter. LPL Financial LLC's holdings in Transdigm Group were worth $31,192,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC grew its holdings 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 buying an additional 10 shares during the last quarter. Winch Advisory Services LLC grew its holdings in Transdigm Group by 53.8% during the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after buying an additional 7 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in Transdigm Group during the 4th quarter valued at $32,000. Wayfinding Financial LLC acquired a new stake in Transdigm Group during the 1st quarter valued at $75,000. Finally, CVA Family Office LLC grew its holdings in Transdigm Group by 123.1% during the 1st quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock valued at $80,000 after buying an additional 32 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Morgan Stanley increased their target price on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. KeyCorp increased their price target on 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. Citigroup increased their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Stifel Nicolaus initiated coverage on Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price target on the stock. Finally, Northcoast Research raised 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. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,606.47.

Insider Activity at Transdigm Group

In other news, Director Robert J. Small sold 45,700 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the completion of the sale, the director directly owned 88,419 shares in the company, valued at $125,997,959.19. This trade represents a 34.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sarah Wynne sold 1,800 shares of the firm's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total value of $2,610,000.00. Following the sale, the chief financial officer owned 3,400 shares of the company's stock, valued at $4,930,000. This represents a 34.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,113 shares of company stock valued at $173,419,391. 4.09% of the stock is currently owned by insiders.

Transdigm Group Price Performance

NYSE TDG traded down $25.70 during trading hours on Friday, hitting $1,582.76. The company had a trading volume of 322,169 shares, compared to its average volume of 221,808. Transdigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,623.82. The company has a market capitalization of $88.90 billion, a price-to-earnings ratio of 53.44, a P/E/G ratio of 3.20 and a beta of 1.07. The firm's 50 day moving average is $1,507.98 and its 200 day moving average is $1,407.27.

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

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.