Transdigm Group Incorporated (NYSE:TDG) Shares Purchased by US Bancorp DE

Key Points

• US Bancorp DE increased its holdings in Transdigm Group by 1.6%, now owning approximately 99,262 shares valued at $137.31 million.
• Multiple institutional investors, including Lynwood Price Capital Management and Natixis Advisors, have also adjusted their positions in Transdigm Group, reflecting significant institutional interest in the stock.
• Transdigm Group recently reported earnings per share of $9.11 for the quarter, surpassing estimates, with revenue of $2.15 billion marking a year-over-year increase of 12%.

US Bancorp DE raised its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 1.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 99,262 shares of the aerospace company's stock after buying an additional 1,525 shares during the quarter. US Bancorp DE owned about 0.18% of Transdigm Group worth $137,313,000 at the end of the most recent reporting period.

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

Insider Activity at Transdigm Group

In other Transdigm Group news, CFO Sarah Wynne sold 1,800 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the completion of the sale, the chief financial officer owned 3,400 shares of the company's stock, valued at $4,930,000. This trade represents a 34.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 2,736 shares of the firm's stock in a transaction 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 sale, the director directly 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 position. The disclosure for this sale can be found here. Insiders have sold 119,113 shares of company stock valued at $173,419,391 over the last 90 days. Corporate insiders own 4.09% of the company's stock.

Transdigm Group Price Performance

Transdigm Group stock traded down $25.70 during trading on Friday, reaching $1,582.76. 322,169 shares of the company were exchanged, compared to its average volume of 205,673. Transdigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,623.82. The company has a market capitalization of $88.90 billion, a P/E ratio of 53.44, a PEG ratio of 3.20 and a beta of 1.07. The stock's 50 day simple moving average is $1,507.98 and its two-hundred day simple moving average is $1,407.27.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.83 by $0.28. The company had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm earned $7.99 earnings per share. As a group, equities analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Wall Street Analyst Weigh In

TDG has been the topic of a number of recent analyst reports. UBS Group increased their price target on Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. KeyCorp increased 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. The Goldman Sachs Group increased their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Susquehanna increased their price target on Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Finally, Northcoast Research upgraded Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a research report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,606.47.

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.