Transdigm Group Incorporated (NYSE:TDG) Shares Sold by Primecap Management Co. CA

Key Points

• Primecap Management Co. has reduced its holdings in Transdigm Group by 0.1%, now owning 512,844 shares valued at approximately $709.4 million.
• Transdigm Group's stock has experienced a 12.0% decline recently, with a current price of $1,415.65 and a market capitalization of $79.52 billion.
• Despite missing earnings estimates, analysts remain bullish on Transdigm, with several firms upgrading their ratings and target prices, reflecting a consensus rating of "Moderate Buy" and an average target price of $1,606.47.

Primecap Management Co. CA cut its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 0.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 512,844 shares of the aerospace company's stock after selling 350 shares during the period. Primecap Management Co. CA owned approximately 0.91% of Transdigm Group worth $709,412,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Transdigm Group by 177,412.3% in the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock valued at $1,716,401,000 after purchasing an additional 1,240,112 shares during the last quarter. Capital World Investors grew its position in shares of Transdigm Group by 4.3% in the fourth quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock valued at $4,805,434,000 after purchasing an additional 155,541 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Transdigm Group by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock valued at $8,797,619,000 after purchasing an additional 89,121 shares during the last quarter. Capital Research Global Investors grew its position in shares of Transdigm Group by 4.8% in the fourth quarter. Capital Research Global Investors now owns 1,911,128 shares of the aerospace company's stock valued at $2,421,979,000 after purchasing an additional 87,309 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of Transdigm Group by 343.2% in the fourth quarter. Marshall Wace LLP now owns 97,858 shares of the aerospace company's stock valued at $124,013,000 after purchasing an additional 75,780 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Sarah Wynne sold 1,800 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $1,450.00, for a total value of $2,610,000.00. Following the completion of the sale, the chief financial officer owned 3,400 shares of the company's stock, valued at approximately $4,930,000. The trade was a 34.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Small sold 45,700 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the completion of the sale, the director directly owned 88,419 shares of the company's stock, valued at $125,997,959.19. The trade was a 34.07% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,872 shares of company stock worth $100,747,061. 4.09% of the stock is currently owned by insiders.

Transdigm Group Stock Down 2.6%

Shares of TDG traded down $36.61 during midday trading on Friday, hitting $1,392.54. The company had a trading volume of 433,017 shares, compared to its average volume of 287,315. The company's 50 day moving average price is $1,507.43 and its 200 day moving average price is $1,410.61. The stock has a market cap of $78.22 billion, a price-to-earnings ratio of 46.22, a PEG ratio of 2.83 and a beta of 1.07. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing the consensus estimate of $9.75 by ($0.15). The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%. Transdigm Group's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $9.00 EPS. Equities analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Analyst Ratings Changes

TDG has been the topic of several research reports. Morgan Stanley increased their price target on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. The Goldman Sachs Group raised their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Susquehanna raised their target price 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. Wells Fargo & Company raised 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 report on Thursday, May 8th. Finally, KeyCorp decreased their target price 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. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Transdigm Group presently has an average rating of "Moderate Buy" and a consensus price target of $1,616.86.

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.