Nicolet Advisory Services LLC Makes New $230,000 Investment in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Nicolet Advisory Services LLC made a new investment in Transdigm Group, purchasing 177 shares valued at approximately $230,000 in the first quarter.
• Several hedge funds have also invested in Transdigm, with significant purchases from Vontobel Holding and Dynamic Advisor Solutions totaling over $1.5 million combined.
• Transdigm Group currently has a consensus rating of "Moderate Buy" from analysts, with price targets averaging $1,606.47.

Nicolet Advisory Services LLC purchased a new position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 177 shares of the aerospace company's stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TDG. Vontobel Holding Ltd. acquired a new position in shares of Transdigm Group in the first quarter valued at approximately $387,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Transdigm Group in the first quarter valued at approximately $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Transdigm Group by 4.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company's stock valued at $11,970,000 after buying an additional 380 shares during the last quarter. Mutual Advisors LLC acquired a new position in shares of Transdigm Group in the first quarter valued at approximately $263,000. Finally, Paragon Advisors LLC raised its position in shares of Transdigm Group by 14.2% in the first quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company's stock valued at $2,490,000 after buying an additional 224 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TDG. Stifel Nicolaus began coverage on shares of Transdigm Group in a research report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price objective for the company. Northcoast Research raised shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective for the company in a research report on Wednesday, April 9th. Susquehanna boosted their target price on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Finally, KeyCorp boosted their target price on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,606.47.

Transdigm Group Stock Down 1.6%

Shares of TDG stock opened at $1,582.76 on Friday. The stock has a market cap of $88.90 billion, a price-to-earnings ratio of 53.44, a price-to-earnings-growth ratio of 3.20 and a beta of 1.07. Transdigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,623.82. The firm's 50 day moving average price is $1,507.98 and its two-hundred day moving average price is $1,407.27.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The business had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the previous year, the company posted $7.99 earnings per share. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling at Transdigm Group

In other news, Director W Nicholas Howley sold 49,241 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the transaction, the director directly owned 21,548 shares of the company's stock, valued at approximately $31,801,615.80. The trade was a 69.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sean P. Hennessy sold 4,700 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the transaction, the director directly owned 33,713 shares in the company, valued at approximately $48,429,398.76. The trade was a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 119,113 shares of company stock valued at $173,419,391. 4.09% of the stock is 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.

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