Westfield Capital Management Co. LP Has $437.34 Million Stock Holdings in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Westfield Capital Management Co. LP has reduced its stake in Transdigm Group by 12.7%, now holding 316,162 shares, representing about 2.1% of its portfolio.
• Transdigm reported earnings of $9.11 per share, surpassing estimates, with a revenue increase of 12.0% year-over-year but slightly below analyst expectations.
• Institutional investors control 95.78% of Transdigm's stock, showcasing strong interest and investment in the aerospace company.

Westfield Capital Management Co. LP decreased its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 316,162 shares of the aerospace company's stock after selling 46,056 shares during the quarter. Transdigm Group makes up approximately 2.1% of Westfield Capital Management Co. LP's portfolio, making the stock its 9th biggest position. Westfield Capital Management Co. LP owned 0.56% of Transdigm Group worth $437,343,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TDG. Vontobel Holding Ltd. bought a new position in Transdigm Group in the first quarter worth approximately $387,000. Dynamic Advisor Solutions LLC bought a new position in shares of Transdigm Group during the 1st quarter valued at approximately $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Transdigm Group by 4.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company's stock valued at $11,970,000 after purchasing an additional 380 shares during the last quarter. Mutual Advisors LLC purchased a new position in Transdigm Group in the 1st quarter valued at approximately $263,000. Finally, Paragon Advisors LLC lifted its holdings in shares of Transdigm Group by 14.2% in the first quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company's stock worth $2,490,000 after buying an additional 224 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Analyst Ratings Changes

TDG has been the topic of a number of research reports. UBS Group raised their price target on Transdigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. KeyCorp raised their price target on Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Stifel Nicolaus started coverage on Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price objective for the company. Morgan Stanley upped their target price on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Finally, Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,606.47.

Transdigm Group Trading Down 12.0%

Transdigm Group stock traded down $193.33 during midday trading on Tuesday, reaching $1,415.65. 1,519,506 shares of the stock traded hands, compared to its average volume of 223,946. The firm has a market cap of $79.52 billion, a PE ratio of 47.79, a price-to-earnings-growth ratio of 3.25 and a beta of 1.07. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82. The company has a 50-day simple moving average of $1,511.56 and a two-hundred day simple moving average of $1,409.78.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing the consensus estimate of $9.75 by ($0.15). The firm had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.29 billion. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $9.00 earnings per share. Equities research analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Transactions at Transdigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction on 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Small sold 45,700 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the transaction, the director directly owned 88,419 shares of the company's stock, valued at approximately $125,997,959.19. This represents a 34.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,872 shares of company stock worth $100,747,061 over the last ninety days. 4.09% of the stock is currently owned by corporate insiders.

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.