Transdigm Group Incorporated (NYSE:TDG) Position Reduced by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 0.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 29,472 shares of the aerospace company's stock after selling 180 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Transdigm Group worth $40,768,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TDG. Vanguard Group Inc. grew its stake in Transdigm Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock worth $7,946,863,000 after purchasing an additional 79,284 shares in the last quarter. Capital World Investors lifted its holdings in Transdigm Group by 4.3% during the 4th quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock worth $4,805,434,000 after buying an additional 155,541 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Transdigm Group by 10.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock worth $2,793,908,000 after buying an additional 206,822 shares during the last quarter. FMR LLC grew its position in shares of Transdigm Group by 0.3% in the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock worth $2,440,268,000 after acquiring an additional 5,414 shares in the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of Transdigm Group by 4.8% in the 4th 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. Institutional investors own 95.78% of the company's stock.

Transdigm Group Price Performance

Shares of TDG stock opened at $1,474.81 on Wednesday. Transdigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,488.54. The firm has a market capitalization of $82.84 billion, a price-to-earnings ratio of 49.79, a price-to-earnings-growth ratio of 3.14 and a beta of 1.05. The business has a 50 day simple moving average of $1,416.31 and a 200 day simple moving average of $1,351.99.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.83 by $0.28. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. 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 prior year, the business posted $7.99 earnings per share. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Transactions at Transdigm Group

In other Transdigm Group news, Director W Nicholas Howley sold 49,241 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 21,548 shares in the company, valued at approximately $31,801,615.80. The trade was a 69.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,300 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $4,758,480. The trade was a 47.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 142,149 shares of company stock valued at $202,651,767. Company insiders own 4.09% of the company's stock.

Analyst Ratings Changes

TDG has been the subject of a number of research reports. Wells Fargo & Company lifted their price objective on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. 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 report on Wednesday, April 9th. Susquehanna boosted their price objective on shares of Transdigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Finally, The Goldman Sachs Group lifted their target price on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,532.47.

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.

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