Pittenger & Anderson Inc. Has $13.51 Million Position in Transdigm Group Incorporated (NYSE:TDG)

Pittenger & Anderson Inc. grew its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,769 shares of the aerospace company's stock after purchasing an additional 337 shares during the quarter. Pittenger & Anderson Inc.'s holdings in Transdigm Group were worth $13,513,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vontobel Holding Ltd. acquired a new stake in shares of Transdigm Group in the first quarter valued at about $387,000. Dynamic Advisor Solutions LLC acquired a new stake in Transdigm Group during the first quarter worth about $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Transdigm Group by 4.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company's stock worth $11,970,000 after buying an additional 380 shares in the last quarter. Baskin Financial Services Inc. grew its position in Transdigm Group by 1.3% during the first quarter. Baskin Financial Services Inc. now owns 22,638 shares of the aerospace company's stock worth $31,315,000 after buying an additional 280 shares in the last quarter. Finally, Paragon Advisors LLC grew its position in Transdigm Group by 14.2% during the first quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company's stock worth $2,490,000 after buying an additional 224 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Transdigm Group Trading Up 0.1%

NYSE:TDG opened at $1,540.77 on Friday. Transdigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,553.85. The firm has a 50 day moving average of $1,453.53 and a 200-day moving average of $1,374.19. The stock has a market capitalization of $86.54 billion, a P/E ratio of 52.02, a price-to-earnings-growth ratio of 3.13 and a beta of 1.04.

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

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 49,241 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the completion of the transaction, the director owned 21,548 shares in the company, valued at $31,801,615.80. The trade was a 69.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Joel Reiss sold 3,300 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares of the company's stock, valued at $4,758,480. This trade represents a 47.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 142,149 shares of company stock valued at $202,651,767 in the last ninety days. 4.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TDG has been the topic of a number of recent research reports. Stifel Nicolaus initiated coverage on Transdigm Group in a research report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 target price on the stock. KeyCorp lifted their target price on Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. UBS Group lifted their target price on Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Susquehanna lifted their target price on Transdigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company lifted their target price on Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,561.80.

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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