Navellier & Associates Inc. Sells 932 Shares of Transdigm Group Incorporated (NYSE:TDG)

Navellier & Associates Inc. lessened its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 41.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,341 shares of the aerospace company's stock after selling 932 shares during the quarter. Navellier & Associates Inc.'s holdings in Transdigm Group were worth $1,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of TDG. LPL Financial LLC raised its position in shares of Transdigm Group by 17.4% in the 4th quarter. LPL Financial LLC now owns 21,495 shares of the aerospace company's stock worth $27,240,000 after purchasing an additional 3,182 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Transdigm Group by 9.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 90,895 shares of the aerospace company's stock worth $115,942,000 after buying an additional 7,837 shares during the last quarter. JPMorgan Chase & Co. raised its position in Transdigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock worth $2,793,908,000 after buying an additional 206,822 shares during the last quarter. UniSuper Management Pty Ltd raised its position in Transdigm Group by 35.7% in the 4th quarter. UniSuper Management Pty Ltd now owns 4,036 shares of the aerospace company's stock worth $5,115,000 after buying an additional 1,061 shares during the last quarter. Finally, Pragma Gestao DE Patrimonio Ltd. raised its position in Transdigm Group by 14.2% in the 4th quarter. Pragma Gestao DE Patrimonio Ltd. now owns 13,700 shares of the aerospace company's stock worth $17,362,000 after buying an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Transdigm Group Price Performance

Shares of NYSE:TDG traded up $6.85 during mid-day trading on Friday, reaching $1,606.09. 200,223 shares of the company traded hands, compared to its average volume of 224,248. The company's 50 day moving average price is $1,489.82 and its 200-day moving average price is $1,395.31. The firm has a market cap of $90.21 billion, a PE ratio of 54.22, a PEG ratio of 3.23 and a beta of 1.04. Transdigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,615.35.

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

Insiders Place Their Bets

In related news, Director W Nicholas Howley sold 49,241 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the sale, the director owned 21,548 shares in the company, valued at approximately $31,801,615.80. This represents a 69.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $1,434.35, for a total value of $4,303,050.00. Following the sale, the chief operating officer owned 3,600 shares in the company, valued at $5,163,660. The trade was a 45.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 119,113 shares of company stock worth $173,419,391 over the last ninety days. 4.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Northcoast Research raised Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a research report on Wednesday, April 9th. Stifel Nicolaus assumed coverage on Transdigm Group in a research report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 target price for the company. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. UBS Group boosted their target price on Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, KeyCorp upped their price target on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,606.47.

Transdigm Group Company 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.