Transdigm Group Incorporated (NYSE:TDG) Shares Sold by Cookson Peirce & Co. Inc.

Key Points

• Cookson Peirce & Co. Inc. reduced its stake in Transdigm Group by 1.9%, holding 34,552 shares, while institutional investors own approximately 95.78% of the company's stock.
• Transdigm Group reported $9.60 EPS, missing analyst estimates of $9.75, with revenues of $2.24 billion for the quarter.
• Analysts have upgraded Transdigm Group’s stock, with a consensus rating of "Moderate Buy" and an average target price of $1,624.69.

Cookson Peirce & Co. Inc. lowered its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 1.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,552 shares of the aerospace company's stock after selling 652 shares during the quarter. Transdigm Group makes up approximately 2.4% of Cookson Peirce & Co. Inc.'s holdings, making the stock its 9th largest position. Cookson Peirce & Co. Inc. owned approximately 0.06% of Transdigm Group worth $47,795,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TDG. GAMMA Investing LLC boosted its position in Transdigm Group by 177,412.3% during the 1st 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 period. Capital World Investors boosted its position 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 valued at $4,805,434,000 after purchasing an additional 155,541 shares during the period. Nuveen LLC acquired a new position in Transdigm Group during the 1st quarter valued at approximately $168,048,000. Vanguard Group Inc. boosted its position in Transdigm Group by 1.4% during the 1st 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 period. Finally, Capital Research Global Investors boosted its position in Transdigm Group by 4.8% during 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 purchasing an additional 87,309 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Stock Performance

TDG opened at $1,426.83 on Thursday. Transdigm Group Incorporated has a one year low of $1,183.60 and a one year high of $1,623.82. The stock's fifty day moving average is $1,505.21 and its 200-day moving average is $1,412.01. The company has a market capitalization of $80.40 billion, a PE ratio of 47.36, a P/E/G ratio of 2.91 and a beta of 1.07.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 EPS 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 during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the firm posted $9.00 EPS. The firm's quarterly revenue was up 9.3% on a year-over-year basis. On average, equities research analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Analysts Set New Price Targets

TDG has been the topic of several recent analyst reports. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. JPMorgan Chase & Co. lifted their target price on Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. 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, June 23rd. Stifel Nicolaus initiated coverage on Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 target price on the stock. Finally, Morgan Stanley lifted their target price on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,624.69.

Insiders Place Their Bets

In related news, Director Sean P. Hennessy sold 4,700 shares of Transdigm Group stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the transaction, the director directly owned 33,713 shares in the company, valued at $48,429,398.76. The trade was a 12.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $1,434.35, for a total value of $4,303,050.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares in the company, valued at $5,163,660. The trade was a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,872 shares of company stock worth $100,747,061. Corporate insiders own 4.09% of the company's stock.

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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