New Age Alpha Advisors LLC Decreases Stock Holdings in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• New Age Alpha Advisors LLC significantly reduced its stake in Transdigm Group by 92.4%, selling 4,550 shares, leaving it with only 376 shares valued at $520,000.
• In related transactions, several directors sold substantial amounts of their stock, with Robert J. Small selling 45,700 shares worth over $65 million.
• Transdigm Group reported quarterly earnings of $9.60 per share, missing estimates, while its revenue showed a year-over-year increase despite the earnings miss.

New Age Alpha Advisors LLC reduced its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 92.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 376 shares of the aerospace company's stock after selling 4,550 shares during the quarter. New Age Alpha Advisors LLC's holdings in Transdigm Group were worth $520,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Winch Advisory Services LLC lifted its holdings in shares of Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after acquiring an additional 7 shares during the last quarter. Rothschild Investment LLC lifted its holdings in Transdigm Group by 13.1% during the 1st quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock worth $95,000 after buying an additional 8 shares in the last quarter. Balefire LLC lifted its holdings in Transdigm Group by 4.9% during the 1st quarter. Balefire LLC now owns 171 shares of the aerospace company's stock worth $237,000 after buying an additional 8 shares in the last quarter. New Republic Capital LLC increased its stake in shares of Transdigm Group by 4.6% during the first quarter. New Republic Capital LLC now owns 183 shares of the aerospace company's stock worth $253,000 after buying an additional 8 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of Transdigm Group by 3.7% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 225 shares of the aerospace company's stock worth $311,000 after buying an additional 8 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TDG shares. Morgan Stanley raised their price objective on shares of 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 reduced their price objective on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a report on Friday. Stifel Nicolaus started coverage on shares of Transdigm Group in a report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Finally, Wells Fargo & Company raised their price objective on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,616.86.

Insiders Place Their Bets

In other Transdigm Group news, Director Sean P. Hennessy sold 4,700 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the completion of the transaction, the director owned 33,713 shares in the company, valued at approximately $48,429,398.76. This represents a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sarah Wynne sold 1,800 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total value of $2,610,000.00. Following the completion of the transaction, the chief financial officer owned 3,400 shares of the company's stock, valued at $4,930,000. The trade was a 34.62% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,872 shares of company stock valued at $100,747,061. Corporate insiders own 4.09% of the company's stock.

Transdigm Group Stock Performance

Transdigm Group stock traded up $1.57 during midday trading on Tuesday, hitting $1,411.12. 309,983 shares of the company's stock were exchanged, compared to its average volume of 287,979. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82. The stock has a market cap of $79.52 billion, a price-to-earnings ratio of 46.83, a price-to-earnings-growth ratio of 2.89 and a beta of 1.07. The firm's 50 day simple moving average is $1,506.57 and its 200 day simple moving average is $1,411.92.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.75 by ($0.15). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%. The business had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.29 billion. During the same period in the previous year, the business posted $9.00 earnings per share. The company's revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal 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.