Transdigm Group Incorporated (NYSE:TDG) Shares Purchased by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its holdings in Transdigm Group by 8.3%, purchasing an additional 2,142 shares, bringing its total to 27,855 shares valued at approximately $38.5 million.
• Insider trading activity was notable, with COO Joel Reiss and CFO Sarah Wynne selling 3,000 and 3,200 shares respectively, reflecting a significant decrease in their ownership stakes.
• Transdigm Group reported $9.11 earnings per share for the last quarter, surpassing estimates, and analysts expect an average forecast of $35.13 earnings per share for the current fiscal year.

Natixis Advisors LLC raised its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 8.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 27,855 shares of the aerospace company's stock after purchasing an additional 2,142 shares during the period. Natixis Advisors LLC's holdings in Transdigm Group were worth $38,532,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TDG. NorthRock Partners LLC boosted its stake in shares of Transdigm Group by 4.6% in the first quarter. NorthRock Partners LLC now owns 665 shares of the aerospace company's stock worth $920,000 after acquiring an additional 29 shares during the period. Arkadios Wealth Advisors purchased a new stake in shares of Transdigm Group in the first quarter worth about $203,000. Bayforest Capital Ltd lifted its position in shares of Transdigm Group by 51.2% in the first quarter. Bayforest Capital Ltd now owns 195 shares of the aerospace company's stock worth $270,000 after buying an additional 66 shares in the last quarter. Vestcor Inc lifted its position in shares of Transdigm Group by 8.5% in the first quarter. Vestcor Inc now owns 1,105 shares of the aerospace company's stock worth $1,529,000 after buying an additional 87 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in shares of Transdigm Group by 688.3% in the first quarter. XTX Topco Ltd now owns 3,579 shares of the aerospace company's stock worth $4,951,000 after buying an additional 3,125 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Transdigm Group Stock Down 1.6%

NYSE:TDG traded down $25.70 during midday trading on Friday, hitting $1,582.76. The stock had a trading volume of 322,169 shares, compared to its average volume of 205,673. Transdigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,623.82. The company has a market capitalization of $88.90 billion, a price-to-earnings ratio of 53.44, a PEG ratio of 3.20 and a beta of 1.07. The stock has a 50-day moving average of $1,507.98 and a 200 day moving average of $1,407.27.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the prior year, the firm earned $7.99 earnings per share. Transdigm Group's revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on TDG. Stifel Nicolaus began coverage on Transdigm Group in a research report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 target price on the stock. Citigroup boosted their target price on 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. Wells Fargo & Company boosted their target price on Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Susquehanna boosted their target price on Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Finally, Northcoast Research upgraded Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective on the stock in a research report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,606.47.

Insider Buying and Selling at Transdigm Group

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the sale, the director owned 21,548 shares of the company's stock, valued at approximately $33,827,343.28. This trade represents a 11.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sarah Wynne sold 1,800 shares of the stock in a transaction on 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 directly owned 3,400 shares in the company, valued at $4,930,000. This trade represents a 34.62% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,113 shares of company stock worth $173,419,391. 4.09% of the stock is currently owned by company insiders.

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.