Transdigm Group Incorporated $TDG Shares Sold by American Century Companies Inc.

Key Points

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American Century Companies Inc. lessened its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 9.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,796 shares of the aerospace company's stock after selling 5,940 shares during the period. American Century Companies Inc. owned 0.11% of Transdigm Group worth $82,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bruce G. Allen Investments LLC boosted its position in Transdigm Group by 111.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company's stock worth $26,000 after acquiring an additional 10 shares during the period. Winch Advisory Services LLC grew its stake in shares of Transdigm Group by 53.8% in the 1st quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after purchasing an additional 7 shares during the last quarter. Park Square Financial Group LLC bought a new stake in shares of Transdigm Group in the 4th quarter worth approximately $32,000. Wayfinding Financial LLC acquired a new stake in Transdigm Group during the first quarter valued at approximately $75,000. Finally, CVA Family Office LLC lifted its stake in Transdigm Group by 123.1% during the first quarter. CVA Family Office LLC now owns 58 shares of the aerospace company's stock valued at $80,000 after purchasing an additional 32 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Insider Activity at Transdigm Group

In other Transdigm Group news, Director Sean P. Hennessy sold 4,700 shares of Transdigm Group 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 value of $6,751,644.00. Following the transaction, the director directly owned 33,713 shares of the company's stock, valued at $48,429,398.76. The trade was a 12.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 2,736 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total value of $4,295,136.96. Following the transaction, the director owned 21,548 shares of the company's stock, valued at approximately $33,827,343.28. This trade represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,872 shares of company stock valued at $100,747,061. 4.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on TDG shares. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Citigroup boosted their target price on Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Stifel Nicolaus began coverage on Transdigm Group in a research report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price target for the company. KeyCorp cut their price objective on Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Finally, Susquehanna upped their price objective on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Transdigm Group currently has an average rating of "Moderate Buy" and an average target price of $1,624.69.

Transdigm Group Stock Down 1.7%

Shares of Transdigm Group stock opened at $1,388.60 on Monday. Transdigm Group Incorporated has a 12-month low of $1,183.60 and a 12-month high of $1,623.82. The stock has a 50 day moving average price of $1,503.15 and a two-hundred day moving average price of $1,413.80. The stock has a market capitalization of $78.25 billion, a P/E ratio of 46.09, a PEG ratio of 2.87 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 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $2.29 billion. During the same period in the prior year, the company posted $9.00 earnings per share. Transdigm Group's quarterly revenue was up 9.3% on a year-over-year basis. Sell-side analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

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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