TransDigm Group Incorporated (NYSE:TDG) Position Boosted by Rafferty Asset Management LLC

Rafferty Asset Management LLC lifted its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,266 shares of the aerospace company's stock after acquiring an additional 1,456 shares during the quarter. Rafferty Asset Management LLC's holdings in TransDigm Group were worth $13,010,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TDG. Capital Advisors Ltd. LLC increased its stake in shares of TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after acquiring an additional 16 shares during the period. Trust Co. of Vermont boosted its holdings in TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after buying an additional 15 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in TransDigm Group by 210.0% during the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after buying an additional 21 shares in the last quarter. Sachetta LLC boosted its holdings in TransDigm Group by 105.9% during the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after buying an additional 18 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in TransDigm Group by 280.0% during the fourth quarter. CENTRAL TRUST Co now owns 57 shares of the aerospace company's stock worth $72,000 after buying an additional 42 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total transaction of $3,969,060.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,762,872. This trade represents a 45.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,846,958.38. The trade was a 71.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,713 shares of company stock valued at $212,068,917. Insiders own 4.09% of the company's stock.

TransDigm Group Price Performance

TDG stock traded down $11.03 on Tuesday, hitting $1,428.97. 188,732 shares of the company were exchanged, compared to its average volume of 260,078. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54. The business's fifty day moving average is $1,362.67 and its two-hundred day moving average is $1,325.19. The stock has a market capitalization of $80.26 billion, a price-to-earnings ratio of 50.40, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping the consensus estimate of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the business posted $7.99 earnings per share. TransDigm Group's revenue for the quarter was up 12.0% compared to the same quarter last year. Equities research analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Saturday. Wells Fargo & Company boosted their price objective on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. UBS Group upped their price target on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Susquehanna upped their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Finally, Northcoast Research raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a report on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, TransDigm Group has a consensus rating of "Moderate Buy" and an average target price of $1,490.20.

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.