Oak Ridge Investments LLC Sells 2,749 Shares of Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Oak Ridge Investments LLC reduced its stake in Transdigm Group by 23.5%, holding approximately $12.40 million in shares, which now constitute about 1.0% of its investment portfolio.
• In recent analyst activity, UBS Group raised the target price for Transdigm Group from $1,815 to $1,839, maintaining a "buy" rating amid a consensus rating of "Moderate Buy" for the stock.
• Insider transactions were notable, with COO Joel Reiss and Director Robert J. Small selling 3,000 and 45,700 shares, respectively, indicating a combined decrease in ownership of their shares.

Oak Ridge Investments LLC decreased its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 23.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,966 shares of the aerospace company's stock after selling 2,749 shares during the period. Transdigm Group makes up 1.0% of Oak Ridge Investments LLC's portfolio, making the stock its 20th largest position. Oak Ridge Investments LLC's holdings in Transdigm Group were worth $12,403,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. E Fund Management Co. Ltd. bought a new stake in Transdigm Group during the 1st quarter worth about $202,000. Tokio Marine Asset Management Co. Ltd. lifted its position in Transdigm Group by 0.5% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,693 shares of the aerospace company's stock worth $2,342,000 after buying an additional 8 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Transdigm Group during the 1st quarter worth about $84,000. National Pension Service lifted its position in Transdigm Group by 9.1% during the 1st quarter. National Pension Service now owns 127,113 shares of the aerospace company's stock worth $175,834,000 after buying an additional 10,603 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Transdigm Group by 2.7% during the 1st quarter. Russell Investments Group Ltd. now owns 68,641 shares of the aerospace company's stock worth $94,947,000 after buying an additional 1,778 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Susquehanna boosted their price target on shares of 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. Stifel Nicolaus assumed coverage on shares of Transdigm Group in a research report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price target on the stock. KeyCorp cut their price target on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. UBS Group upped their target price on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, The Goldman Sachs Group upped their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Transdigm Group currently has a consensus rating of "Moderate Buy" and an average price target of $1,624.69.

Insider Buying and Selling at Transdigm Group

In other Transdigm Group news, Director Robert J. Small sold 45,700 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the sale, the director owned 88,419 shares in the company, valued at $125,997,959.19. This trade represents a 34.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director W Nicholas Howley sold 2,736 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the completion of the sale, the director owned 21,548 shares in the company, valued at $33,827,343.28. This represents a 11.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,872 shares of company stock worth $100,747,061 in the last three months. Company insiders own 4.09% of the company's stock.

Transdigm Group Trading Down 1.7%

Shares of NYSE:TDG traded down $24.13 on Friday, reaching $1,388.60. 496,373 shares of the company's stock were exchanged, compared to its average volume of 356,001. The company has a fifty day moving average of $1,503.15 and a 200-day moving average of $1,413.45. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82. The company has a market capitalization of $78.25 billion, a price-to-earnings ratio of 46.09, a PEG ratio of 2.87 and a beta of 1.07.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%. The business's revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $9.00 EPS. As a group, equities research analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

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.