Nisa Investment Advisors LLC Has $24.28 Million Stake in Transdigm Group Incorporated (NYSE:TDG)

Nisa Investment Advisors LLC increased its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 17.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,549 shares of the aerospace company's stock after buying an additional 2,602 shares during the quarter. Nisa Investment Advisors LLC's holdings in Transdigm Group were worth $24,275,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its stake in Transdigm Group by 177,412.3% in the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock valued at $1,716,401,000 after purchasing an additional 1,240,112 shares in the last quarter. Norges Bank bought a new position in Transdigm Group in the fourth quarter valued at approximately $973,353,000. Edgewood Management LLC bought a new position in Transdigm Group in the fourth quarter valued at approximately $399,595,000. JPMorgan Chase & Co. grew its stake in Transdigm Group by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after purchasing an additional 206,822 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Transdigm Group by 14.1% in the fourth quarter. Geode Capital Management LLC now owns 1,293,282 shares of the aerospace company's stock valued at $1,636,409,000 after buying an additional 159,839 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 49,241 shares of the firm's 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 completion of the transaction, the director directly owned 21,548 shares of the company's stock, valued at $31,801,615.80. This trade represents a 69.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Small sold 45,700 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the transaction, the director directly owned 88,419 shares of the company's stock, valued at approximately $125,997,959.19. This represents a 34.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,149 shares of company stock worth $202,651,767 in the last ninety days. Insiders own 4.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TDG. KeyCorp raised their price objective on 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. The Goldman Sachs Group raised their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Wells Fargo & Company upped their price target on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Northcoast Research raised shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a report on Wednesday, April 9th. Finally, Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,545.80.

Transdigm Group Trading Up 1.0%

NYSE TDG traded up $14.62 during trading on Thursday, hitting $1,541.06. 217,920 shares of the company's stock were exchanged, compared to its average volume of 262,313. The stock's 50 day moving average price is $1,449.61 and its two-hundred day moving average price is $1,370.31. Transdigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,542.46. The company has a market cap of $86.56 billion, a PE ratio of 52.03, a P/E/G ratio of 3.26 and a beta of 1.04.

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

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.