Strategy Asset Managers LLC Sells 398 Shares of Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Strategy Asset Managers LLC has reduced its stake in Transdigm Group by 72.2%, now owning only 153 shares valued at $212,000.
• Multiple institutional investors have increased their holdings in Transdigm Group, with Vanguard raising its stake by 1.4% to over $8.79 billion and Capital World Investors increasing theirs by 4.3%.
• Transdigm Group's recent earnings report showed earnings per share of $9.60, missing expectations, while revenue was up 9.3% year-over-year despite falling short of analyst estimates.

Strategy Asset Managers LLC reduced its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 72.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153 shares of the aerospace company's stock after selling 398 shares during the quarter. Strategy Asset Managers LLC's holdings in Transdigm Group were worth $212,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TDG. Vanguard Group Inc. boosted its stake in 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 acquiring an additional 89,121 shares during the last quarter. Capital World Investors boosted its stake in 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 acquiring an additional 155,541 shares during the last quarter. Capital Research Global Investors boosted its stake in 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 acquiring an additional 87,309 shares during the last quarter. GAMMA Investing LLC boosted its stake in 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 acquiring an additional 1,240,112 shares during the last quarter. Finally, Windacre Partnership LLC boosted its stake in Transdigm Group by 3.6% in the fourth quarter. Windacre Partnership LLC now owns 753,997 shares of the aerospace company's stock valued at $955,525,000 after acquiring an additional 25,997 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Sarah Wynne sold 3,200 shares of Transdigm Group stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $1,452.15, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $1,434.35, for a total transaction of $4,303,050.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares of the company's stock, valued at approximately $5,163,660. This trade represents a 45.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,872 shares of company stock worth $100,747,061. Corporate insiders own 4.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TDG. The Goldman Sachs Group raised their price objective on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Citigroup raised their price objective on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a research note on Monday, July 14th. KeyCorp reduced their price target 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. Wells Fargo & Company lifted their price target 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, Susquehanna lifted their price target 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. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,616.86.

Transdigm Group Price Performance

TDG stock traded up $22.47 during midday trading on Monday, hitting $1,412.24. The company's stock had a trading volume of 119,300 shares, compared to its average volume of 286,102. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82. The company's fifty day moving average price is $1,507.43 and its 200 day moving average price is $1,411.43. The stock has a market capitalization of $79.58 billion, a P/E ratio of 46.82, a PEG ratio of 2.89 and a beta of 1.07.

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

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.