Riggs Asset Managment Co. Inc. Invests $2.22 Million in TransDigm Group Incorporated (NYSE:TDG)

Riggs Asset Managment Co. Inc. bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,198 shares of the aerospace company's stock, valued at approximately $2,223,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new position in shares of TransDigm Group during the fourth quarter worth about $25,000. Oakworth Capital Inc. acquired a new position in TransDigm Group during the 4th quarter worth approximately $26,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in TransDigm Group in the 3rd quarter worth approximately $27,000. Resurgent Financial Advisors LLC acquired a new stake in TransDigm Group in the fourth quarter valued at approximately $30,000. Finally, Optiver Holding B.V. purchased a new stake in shares of TransDigm Group during the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TDG. JPMorgan Chase & Co. upped their target price on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a "neutral" rating in a research note on Wednesday, March 27th. Royal Bank of Canada raised their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an "outperform" rating in a research note on Friday, February 9th. Citigroup boosted their price target on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a "buy" rating in a research note on Thursday, April 4th. KeyCorp raised their price objective on TransDigm Group from $1,180.00 to $1,220.00 and gave the company an "overweight" rating in a research note on Thursday, February 15th. Finally, Stifel Nicolaus lifted their price objective on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a "hold" rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,163.27.

TransDigm Group Stock Down 2.1 %

Shares of NYSE:TDG traded down $25.80 on Friday, reaching $1,187.70. 231,376 shares of the company's stock were exchanged, compared to its average volume of 155,977. TransDigm Group Incorporated has a fifty-two week low of $741.74 and a fifty-two week high of $1,248.39. The business's 50-day moving average is $1,192.72 and its two-hundred day moving average is $1,047.71. The firm has a market capitalization of $66.05 billion, a price-to-earnings ratio of 50.41, a PEG ratio of 2.47 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. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. TransDigm Group's quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.15 earnings per share. Analysts predict that TransDigm Group Incorporated will post 29.03 earnings per share for the current fiscal year.

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 2,391 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the sale, the director now owns 21,549 shares of the company's stock, valued at approximately $25,008,691.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at $4,439,160. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 2,391 shares of the firm's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the transaction, the director now directly owns 21,549 shares in the company, valued at $25,008,691.95. The disclosure for this sale can be found here. Insiders sold 59,087 shares of company stock worth $69,840,358 in the last 90 days. 4.96% of the stock is currently owned by company insiders.

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.