Massachusetts Financial Services Co. MA Has $66.91 Million Position in Transdigm Group Incorporated (NYSE:TDG)

Massachusetts Financial Services Co. MA lowered its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 36.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,367 shares of the aerospace company's stock after selling 27,209 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.09% of Transdigm Group worth $66,906,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bruce G. Allen Investments LLC grew its stake in shares of Transdigm Group by 111.1% in the first 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 in the last quarter. Park Square Financial Group LLC bought a new stake in Transdigm Group during the fourth quarter worth $32,000. Meeder Asset Management Inc. grew its stake in shares of Transdigm Group by 210.0% during 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 purchased a new stake in shares of Transdigm Group in the 1st quarter valued at about $75,000. Finally, CVA Family Office LLC increased its position in shares of 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 purchasing an additional 32 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

Insider Transactions at Transdigm Group

In other news, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $1,424.27, for a total value of $4,272,810.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares in the company, valued at approximately $5,127,372. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert J. Small sold 45,700 shares of Transdigm Group stock in a transaction on 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 sale, the director directly owned 88,419 shares of the company's stock, valued at $125,997,959.19. This represents a 34.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 119,413 shares of company stock valued at $172,987,751 over the last three months. 4.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. KeyCorp increased their price target on Transdigm Group from $1,500.00 to $1,700.00 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Stifel Nicolaus assumed coverage on Transdigm Group in a research report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price target for the company. Citigroup lifted their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a research note on Monday. Morgan Stanley boosted their target price on Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, The Goldman Sachs Group upped their price objective on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,606.47.

Transdigm Group Stock Up 1.3%

Shares of Transdigm Group stock opened at $1,595.42 on Friday. The firm has a market cap of $89.61 billion, a PE ratio of 53.86, a price-to-earnings-growth ratio of 3.18 and a beta of 1.04. Transdigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,596.55. The business's fifty day simple moving average is $1,467.21 and its 200-day simple moving average is $1,381.60.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating the consensus estimate of $8.83 by $0.28. The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned $7.99 EPS. As a group, equities analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share 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.

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