iA Global Asset Management Inc. Grows Stock Holdings in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• iA Global Asset Management Inc. increased its position in Transdigm Group shares by 17.6%, owning 26,175 shares worth $36.21 million as of its latest SEC filing.
• Transdigm Group reported $9.11 earnings per share for the quarter, which exceeded analysts' estimates by $0.28, alongside a revenue increase of 12% year-over-year.
• Several analysts have raised their price targets for Transdigm Group, with Goldman Sachs increasing theirs to $1,709, reflecting a positive outlook on the stock.

iA Global Asset Management Inc. raised its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 17.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,175 shares of the aerospace company's stock after purchasing an additional 3,924 shares during the period. iA Global Asset Management Inc.'s holdings in Transdigm Group were worth $36,208,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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. Rothschild Investment LLC raised its stake in Transdigm Group by 13.1% in the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock valued at $95,000 after buying an additional 8 shares during the period. Balefire LLC grew its stake in Transdigm Group by 4.9% in the 1st quarter. Balefire LLC now owns 171 shares of the aerospace company's stock valued at $237,000 after buying an additional 8 shares during the last quarter. New Republic Capital LLC boosted its holdings in shares of Transdigm Group by 4.6% during the first quarter. New Republic Capital LLC now owns 183 shares of the aerospace company's stock worth $253,000 after acquiring an additional 8 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its stake in Transdigm Group by 3.7% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 225 shares of the aerospace company's stock valued at $311,000 after purchasing an additional 8 shares during the period. Institutional investors own 95.78% of the company's stock.

Insider Buying and Selling at Transdigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $1,597.86, for a total transaction of $4,793,580.00. Following the completion of the sale, the chief operating officer owned 3,600 shares in the company, valued at $5,752,296. This trade represents a 45.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Sarah Wynne sold 1,800 shares of the company's stock in a transaction that occurred on 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 transaction, the chief financial officer owned 3,400 shares in the company, valued at approximately $4,930,000. The trade was a 34.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,872 shares of company stock valued at $100,747,061 in the last ninety days. 4.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TDG. Morgan Stanley increased their price objective on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Northcoast Research raised Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a research report on Wednesday, April 9th. KeyCorp lifted their target price on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 2nd. Finally, UBS Group boosted their price objective on 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. Four analysts have rated the stock with a hold rating and twelve have given 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 $1,606.47.

Transdigm Group Trading Down 1.2%

Transdigm Group stock traded down $17.65 during trading on Wednesday, hitting $1,399.29. 884,813 shares of the company were exchanged, compared to its average volume of 287,011. The company has a market capitalization of $78.60 billion, a P/E ratio of 46.44, a PEG ratio of 2.86 and a beta of 1.07. The business's 50 day moving average is $1,510.81 and its 200 day moving average is $1,409.83. 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 announced its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 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 35.26%. The firm had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same quarter in the prior year, the company earned $9.00 EPS. The business's revenue for the quarter 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 year.

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.