National Bank of Canada FI Purchases 12,695 Shares of Transdigm Group Incorporated (NYSE:TDG)

Key Points

• National Bank of Canada FI increased its stake in Transdigm Group by 43.8% during the first quarter, now owning approximately 41,669 shares valued at $57.64 million.
• Despite a 9.3% year-over-year revenue increase to $2.24 billion, Transdigm's earnings per share for the last quarter missed analysts' estimates.
• Transdigm stock is currently trading at $1,392.54, down 2.6%, with institutional investors holding 95.78% of the company's shares.

National Bank of Canada FI lifted its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 43.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,669 shares of the aerospace company's stock after buying an additional 12,695 shares during the quarter. National Bank of Canada FI owned about 0.07% of Transdigm Group worth $57,640,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wellington Management Group LLP raised its holdings in Transdigm Group by 26.5% during the 4th quarter. Wellington Management Group LLP now owns 2,419 shares of the aerospace company's stock worth $3,066,000 after purchasing an additional 506 shares during the last quarter. Bessemer Group Inc. raised its holdings in Transdigm Group by 17.5% during the 4th quarter. Bessemer Group Inc. now owns 2,137 shares of the aerospace company's stock worth $2,708,000 after purchasing an additional 319 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in Transdigm Group by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 23,943 shares of the aerospace company's stock worth $30,342,000 after purchasing an additional 150 shares during the last quarter. Sterling Capital Management LLC raised its holdings in Transdigm Group by 4.6% during the 4th quarter. Sterling Capital Management LLC now owns 7,956 shares of the aerospace company's stock worth $10,082,000 after purchasing an additional 351 shares during the last quarter. Finally, Petros Family Wealth LLC bought a new stake in Transdigm Group during the 4th quarter worth about $316,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Price Performance

NYSE:TDG traded up $21.15 during trading hours on Monday, reaching $1,410.92. 365,941 shares of the stock were exchanged, compared to its average volume of 347,571. Transdigm Group Incorporated has a twelve month low of $1,183.60 and a twelve month high of $1,623.82. The firm has a 50 day moving average of $1,506.57 and a 200 day moving average of $1,411.92. The stock has a market cap of $79.51 billion, a PE ratio of 46.83, a PEG ratio of 2.89 and a beta of 1.07.

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

Analyst Ratings Changes

Several analysts have weighed in on TDG shares. UBS Group boosted their price objective on Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a "buy" rating in a report on Thursday. Citigroup boosted their price objective on Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Morgan Stanley boosted their target price on Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. increased their target price on Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, KeyCorp cut 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 note on Friday. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,616.86.

Insider Activity at Transdigm Group

In other news, Director Sean P. Hennessy sold 4,700 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the sale, the director owned 33,713 shares in the company, valued at $48,429,398.76. This represents a 12.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert J. Small sold 45,700 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the sale, the director owned 88,419 shares in the company, valued at approximately $125,997,959.19. This represents a 34.07% 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. Insiders own 4.09% of the company's stock.

About Transdigm Group

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.