PFG Advisors Increases Stake in Transdigm Group Incorporated (NYSE:TDG)

PFG Advisors increased its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 57.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,190 shares of the aerospace company's stock after buying an additional 436 shares during the quarter. PFG Advisors' holdings in Transdigm Group were worth $1,646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TDG. Bruce G. Allen Investments LLC increased its position in shares of Transdigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after acquiring an additional 10 shares during the period. Winch Advisory Services LLC boosted its stake in shares of Transdigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 7 shares in the last quarter. Park Square Financial Group LLC bought a new position in shares of Transdigm Group during the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. boosted its stake in shares of Transdigm Group by 210.0% during the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 21 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new position in shares of Transdigm Group during the first quarter valued at approximately $75,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Transdigm Group

In other news, Director Robert J. Small sold 45,700 shares of the business'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 directly owned 88,419 shares of the company's stock, valued at approximately $125,997,959.19. The trade was a 34.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sarah Wynne sold 3,200 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $1,452.15, for a total transaction of $4,646,880.00. Following the completion of the sale, the chief financial officer directly owned 3,400 shares in the company, valued at $4,937,310. This trade represents a 48.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,113 shares of company stock valued at $173,419,391 over the last ninety days. Corporate insiders own 4.09% of the company's stock.

Wall Street Analysts Forecast Growth

TDG has been the topic of a number of recent research reports. Wells Fargo & Company increased 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 research note on Thursday, May 8th. UBS Group increased their price objective on shares of Transdigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Stifel Nicolaus began coverage on shares of Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price objective on the stock. Morgan Stanley boosted 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. Finally, Citigroup raised their target price on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,606.47.

Transdigm Group Price Performance

TDG traded up $6.85 on Friday, reaching $1,606.09. 200,223 shares of the company's stock were exchanged, compared to its average volume of 224,248. The stock has a market cap of $90.21 billion, a PE ratio of 54.22, a P/E/G ratio of 3.23 and a beta of 1.04. Transdigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,615.35. The stock's fifty day moving average price is $1,489.82 and its 200-day moving average price is $1,395.31.

Transdigm Group (NYSE:TDG - Get Free Report) last issued 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 company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the firm earned $7.99 earnings per share. Transdigm Group's quarterly revenue was up 12.0% compared to the same quarter last year. As a group, research analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share 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.