Wealthfront Advisers LLC Increases Holdings in Transdigm Group Incorporated (NYSE:TDG)

Wealthfront Advisers LLC raised its stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 10.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,531 shares of the aerospace company's stock after buying an additional 619 shares during the period. Wealthfront Advisers LLC's holdings in Transdigm Group were worth $9,034,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Transdigm Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock worth $7,946,863,000 after buying an additional 79,284 shares during the last quarter. 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 worth $4,805,434,000 after purchasing an additional 155,541 shares during the period. JPMorgan Chase & Co. increased its holdings in Transdigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after purchasing an additional 206,822 shares in the last quarter. FMR LLC increased its holdings in Transdigm Group by 0.3% in the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock valued at $2,440,268,000 after purchasing an additional 5,414 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of Transdigm Group by 4.8% during the fourth quarter. Capital Research Global Investors now owns 1,911,128 shares of the aerospace company's stock worth $2,421,979,000 after purchasing an additional 87,309 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Insider Activity at Transdigm Group

In other news, Director W Nicholas Howley sold 49,241 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the transaction, the director directly owned 21,548 shares of the company's stock, valued at $31,801,615.80. The trade was a 69.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Sarah Wynne sold 3,200 shares of Transdigm Group stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $1,452.15, for a total transaction of $4,646,880.00. Following the completion of the sale, the chief financial officer directly owned 3,400 shares of the company's stock, valued at approximately $4,937,310. This trade represents a 48.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,413 shares of company stock valued at $172,987,751 over the last ninety days. Insiders own 4.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TDG shares. The Goldman Sachs Group boosted their target price on shares of 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. UBS Group lifted their target price 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. Wells Fargo & Company increased their target price on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Northcoast Research upgraded shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a research note on Wednesday, April 9th. Finally, Citigroup increased their price objective on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,606.47.

Transdigm Group Stock Up 0.1%

Shares of TDG traded up $2.11 during midday trading on Friday, hitting $1,597.36. The company's stock had a trading volume of 225,970 shares, compared to its average volume of 261,387. Transdigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,607.31. The stock has a market capitalization of $89.72 billion, a price-to-earnings ratio of 53.93, a price-to-earnings-growth ratio of 3.22 and a beta of 1.04. The company's fifty day simple moving average is $1,471.71 and its two-hundred day simple moving average is $1,383.87.

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

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.