Mirae Asset Global Investments Co. Ltd. Buys 462 Shares of Transdigm Group Incorporated (NYSE:TDG)

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 4.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,261 shares of the aerospace company's stock after acquiring an additional 462 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Transdigm Group were worth $15,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TDG. Bruce G. Allen Investments LLC grew its position 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 purchasing an additional 10 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in Transdigm Group during the 4th quarter worth about $32,000. Meeder Asset Management Inc. boosted its stake in 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 purchasing an additional 21 shares during the period. 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 in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Transdigm Group during the fourth quarter valued at about $77,000. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Transactions at Transdigm Group

In related news, Director Robert J. Small sold 45,700 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the transaction, the director owned 88,419 shares of the company's stock, valued at approximately $125,997,959.19. This trade represents a 34.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction on Monday, June 16th. The stock was sold at an average price of $1,444.08, for a total transaction of $3,951,002.88. Following the completion of the transaction, the director owned 21,548 shares in the company, valued at approximately $31,117,035.84. The trade was a 11.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 142,149 shares of company stock worth $202,651,767. Corporate insiders own 4.09% of the company's stock.

Transdigm Group Trading Up 1.6%

Shares of TDG traded up $23.73 during midday trading on Monday, reaching $1,522.90. The stock had a trading volume of 289,655 shares, compared to its average volume of 261,738. The company has a market capitalization of $85.54 billion, a price-to-earnings ratio of 51.41, a price-to-earnings-growth ratio of 3.20 and a beta of 1.05. The company's 50-day moving average is $1,424.74 and its 200 day moving average is $1,357.43. Transdigm Group Incorporated has a 12-month low of $1,002.99 and a 12-month high of $1,571.74.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group raised their price objective on shares of Transdigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Stifel Nicolaus assumed coverage on shares of 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. The Goldman Sachs Group upped their price target on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Finally, Northcoast Research raised Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective for the company in a research note on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,532.47.

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.