Triasima Portfolio Management inc. Buys New Stake in TransDigm Group Incorporated (NYSE:TDG)

Triasima Portfolio Management inc. bought a new stake in TransDigm Group Incorporated (NYSE:TDG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 719 shares of the aerospace company’s stock, valued at approximately $911,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Personal Financial Services bought a new stake in TransDigm Group in the third quarter valued at about $29,000. Erste Asset Management GmbH bought a new stake in TransDigm Group during the third quarter worth about $29,000. Trust Co. of Vermont grew its stake 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 during the last quarter. Versant Capital Management Inc grew its stake in TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after buying an additional 18 shares during the last quarter. Finally, DT Investment Partners LLC grew its stake in TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after buying an additional 11 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Price Performance

Shares of NYSE TDG opened at $1,299.17 on Friday. The company’s 50 day simple moving average is $1,293.18 and its 200 day simple moving average is $1,313.89. TransDigm Group Incorporated has a fifty-two week low of $1,100.86 and a fifty-two week high of $1,451.32. The firm has a market capitalization of $72.81 billion, a P/E ratio of 50.75, a P/E/G ratio of 3.06 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $6.73 by $0.84. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 19.93% and a negative return on equity of 50.40%. TransDigm Group’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $7.16 earnings per share. Sell-side analysts expect that TransDigm Group Incorporated will post 34.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TDG shares. Citigroup upped their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $1,375.00 to $1,500.00 in a research note on Friday. 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 report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, KeyCorp upped their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,462.35.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,892,616. This represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a legal 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 on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,525 shares of company stock worth $112,769,801. Company insiders own 4.09% of the company’s stock.

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.