Pinnacle Wealth Management LLC Acquires Shares of 1,369 TransDigm Group Incorporated (NYSE:TDG)

Pinnacle Wealth Management LLC acquired a new stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,369 shares of the aerospace company's stock, valued at approximately $1,385,000. TransDigm Group accounts for 1.6% of Pinnacle Wealth Management LLC's holdings, making the stock its 26th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC increased its stake in TransDigm Group by 14.5% in the 4th quarter. Venturi Wealth Management LLC now owns 87 shares of the aerospace company's stock valued at $88,000 after buying an additional 11 shares during the period. Welch Group LLC acquired a new position in shares of TransDigm Group during the 4th quarter worth $202,000. TriaGen Wealth Management LLC acquired a new position in shares of TransDigm Group during the 4th quarter worth $200,000. Oak Thistle LLC acquired a new position in shares of TransDigm Group during the 4th quarter worth $318,000. Finally, Snider Financial Group increased its stake in shares of TransDigm Group by 6.6% during the 4th quarter. Snider Financial Group now owns 1,375 shares of the aerospace company's stock worth $1,391,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

TransDigm Group Stock Down 2.0 %

TransDigm Group stock traded down $24.15 during midday trading on Thursday, hitting $1,204.36. 185,276 shares of the stock were exchanged, compared to its average volume of 214,059. The company has a fifty day simple moving average of $1,166.98 and a two-hundred day simple moving average of $1,016.53. TransDigm Group Incorporated has a 52 week low of $714.98 and a 52 week high of $1,246.22. The stock has a market capitalization of $66.97 billion, a PE ratio of 51.12, a P/E/G ratio of 2.45 and a beta of 1.42.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping the consensus estimate of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm earned $4.15 EPS. TransDigm Group's quarterly revenue was up 28.1% compared to the same quarter last year. As a group, equities research analysts anticipate that TransDigm Group Incorporated will post 29.03 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 38,863 shares of TransDigm Group stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $1,015.05, for a total value of $39,447,888.15. Following the transaction, the director now owns 21,548 shares of the company's stock, valued at $21,872,297.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Michael Graff sold 3,460 shares of the business's stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the sale, the director now owns 4,879 shares of the company's stock, valued at $5,406,761.43. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 38,863 shares of the business's stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $1,015.05, for a total transaction of $39,447,888.15. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at approximately $21,872,297.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,480 shares of company stock valued at $100,102,829. 4.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TDG has been the subject of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of TransDigm Group from $1,000.00 to $1,050.00 and gave the stock a "hold" rating in a report on Tuesday, January 23rd. JPMorgan Chase & Co. upped their price objective on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a "neutral" rating in a report on Wednesday, March 27th. The Goldman Sachs Group upped their price objective on shares of TransDigm Group from $1,164.00 to $1,285.00 and gave the stock a "buy" rating in a report on Friday, February 9th. Citigroup upped their price objective on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a "buy" rating in a report on Thursday. Finally, KeyCorp increased their price target on shares of TransDigm Group from $1,180.00 to $1,220.00 and gave the company an "overweight" rating in a report on Thursday, February 15th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $1,137.73.

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.

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