Elm3 Financial Group LLC Buys New Position in TransDigm Group Incorporated (NYSE:TDG)

Elm3 Financial Group LLC bought a new position in TransDigm Group Incorporated (NYSE:TDG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 784 shares of the aerospace company’s stock, valued at approximately $994,000.

Several other institutional investors have also recently added to or reduced their stakes in TDG. Bleakley Financial Group LLC raised its stake in TransDigm Group by 1.2% during the 4th quarter. Bleakley Financial Group LLC now owns 1,590 shares of the aerospace company’s stock worth $2,015,000 after buying an additional 19 shares during the period. Schmidt P J Investment Management Inc. increased its holdings in shares of TransDigm Group by 10.5% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 232 shares of the aerospace company’s stock valued at $294,000 after acquiring an additional 22 shares in the last quarter. Meadow Creek Wealth Advisors LLC raised its position in shares of TransDigm Group by 1.3% during the fourth quarter. Meadow Creek Wealth Advisors LLC now owns 793 shares of the aerospace company’s stock worth $1,004,000 after purchasing an additional 10 shares during the period. Deltec Asset Management LLC grew its position in TransDigm Group by 49.0% in the 4th quarter. Deltec Asset Management LLC now owns 1,217 shares of the aerospace company’s stock valued at $1,542,000 after purchasing an additional 400 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in TransDigm Group by 21.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,799 shares of the aerospace company’s stock valued at $13,871,000 after purchasing an additional 1,881 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. KeyCorp increased their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Barclays restated an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Citigroup upped their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,455.00.

TransDigm Group Stock Down 1.2 %

Shares of NYSE TDG opened at $1,292.03 on Thursday. The company has a market cap of $72.41 billion, a P/E ratio of 50.47, a P/E/G ratio of 3.06 and a beta of 1.40. TransDigm Group Incorporated has a 52 week low of $1,100.86 and a 52 week high of $1,451.32. The business has a 50-day simple moving average of $1,291.32 and a two-hundred day simple moving average of $1,314.15.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 19.93% and a negative return on equity of 50.40%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the company earned $7.16 earnings per share. TransDigm Group’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities research analysts anticipate that TransDigm Group Incorporated will post 34.11 EPS for the current year.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,892,616. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $27,942,799.96. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,525 shares of company stock valued at $112,769,801. 4.09% of the stock is currently owned by company insiders.

About TransDigm Group

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.