Prescott Group Capital Management L.L.C. Invests $289,000 in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Prescott Group Capital Management acquired a new position in Transdigm Group, purchasing 209 shares valued at approximately $289,000.
• Transdigm Group reported a quarterly EPS of $9.11, exceeding consensus estimates, with revenue showing a 12% year-over-year increase.
• Recent analyst upgrades have seen price targets for Transdigm Group raised to between $1,645 and $1,795, reflecting a generally positive outlook on the stock.

Prescott Group Capital Management L.L.C. acquired a new position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 209 shares of the aerospace company's stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bruce G. Allen Investments LLC lifted its holdings in Transdigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 10 shares during the last quarter. Winch Advisory Services LLC raised its stake in shares of Transdigm Group by 53.8% in the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after acquiring an additional 7 shares during the last quarter. Park Square Financial Group LLC bought a new position in shares of Transdigm Group in the fourth quarter worth about $32,000. Meeder Asset Management Inc. raised its stake in shares of Transdigm Group by 210.0% in the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after acquiring an additional 21 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new position in shares of Transdigm Group in the first quarter worth about $75,000. 95.78% of the stock is owned by institutional investors.

Transdigm Group Stock Down 0.1%

NYSE TDG traded down $0.84 during trading on Tuesday, reaching $1,605.55. 49,748 shares of the stock traded hands, compared to its average volume of 272,104. The firm has a market cap of $90.18 billion, a price-to-earnings ratio of 54.20, a price-to-earnings-growth ratio of 3.25 and a beta of 1.04. The stock's 50-day moving average price is $1,493.15 and its 200 day moving average price is $1,399.29. Transdigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,617.45.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.17 billion. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The business's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $7.99 earnings per share. Analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Analysts Set New Price Targets

TDG has been the subject of a number of research analyst reports. Citigroup boosted 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 research note on Monday, July 14th. Wells Fargo & Company boosted their target price on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. UBS Group raised their target price 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. Northcoast Research raised shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a research note on Wednesday, April 9th. Finally, Stifel Nicolaus assumed 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 target for the company. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,606.47.

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 49,241 shares of the company'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. This represents a 69.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sarah Wynne sold 3,200 shares of the company'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 transaction, the chief financial officer owned 3,400 shares of the company's stock, valued at $4,937,310. This trade represents a 48.48% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,113 shares of company stock valued at $173,419,391. 4.09% of the stock is owned by corporate insiders.

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.