Oppenheimer & Co. Inc. Has $2.25 Million Position in Transdigm Group Incorporated (NYSE:TDG)

Oppenheimer & Co. Inc. lessened its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 15.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,623 shares of the aerospace company's stock after selling 307 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Transdigm Group were worth $2,245,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Lindbrook Capital LLC lifted its holdings in shares of Transdigm Group by 3.6% during the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock worth $293,000 after acquiring an additional 8 shares during the period. Rothschild Investment LLC raised its stake in Transdigm Group by 13.1% during the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock worth $95,000 after purchasing an additional 8 shares during the period. Great Lakes Advisors LLC boosted its holdings in shares of Transdigm Group by 0.3% in the 4th quarter. Great Lakes Advisors LLC now owns 2,938 shares of the aerospace company's stock valued at $3,723,000 after purchasing an additional 9 shares during the last quarter. AMG National Trust Bank grew its stake in shares of Transdigm Group by 5.1% during the 4th quarter. AMG National Trust Bank now owns 206 shares of the aerospace company's stock valued at $261,000 after buying an additional 10 shares during the period. Finally, Texas Yale Capital Corp. increased its holdings in shares of Transdigm Group by 0.4% during the 4th quarter. Texas Yale Capital Corp. now owns 2,686 shares of the aerospace company's stock worth $3,404,000 after buying an additional 10 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TDG shares. Northcoast Research raised shares of 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. Wells Fargo & Company upped their target price 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. The Goldman Sachs Group lifted their price target 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. Stifel Nicolaus initiated 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. Finally, Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,532.47.

Insider Buying and Selling at Transdigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the transaction, the chief executive officer directly owned 8,158 shares of the company's stock, valued at approximately $10,846,958.38. The trade was a 71.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert J. Small sold 45,700 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the transaction, the director owned 88,419 shares in the company, 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. In the last 90 days, insiders sold 142,149 shares of company stock valued at $202,651,767. 4.09% of the stock is currently owned by insiders.

Transdigm Group Stock Performance

Shares of Transdigm Group stock traded up $23.73 on Monday, reaching $1,522.90. 289,657 shares of the company were exchanged, compared to its average volume of 261,741. The firm has a market cap of $85.54 billion, a price-to-earnings ratio of 51.41, a P/E/G ratio of 3.20 and a beta of 1.05. Transdigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,528.45. The company's 50-day moving average is $1,429.06 and its two-hundred day moving average is $1,359.27.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its 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 firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the company earned $7.99 earnings per share. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, sell-side analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current 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.