Invesco Ltd. Sells 26,959 Shares of TransDigm Group Incorporated (NYSE:TDG)

Invesco Ltd. trimmed its stake in TransDigm Group Incorporated (NYSE:TDG) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 501,722 shares of the aerospace company’s stock after selling 26,959 shares during the period. Invesco Ltd.’s holdings in TransDigm Group were worth $635,822,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Resonant Capital Advisors LLC increased its stake in shares of TransDigm Group by 1.8% in the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock valued at $585,000 after buying an additional 8 shares during the period. Quent Capital LLC increased its position in TransDigm Group by 6.5% during the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock valued at $167,000 after purchasing an additional 8 shares during the period. Lindbrook Capital LLC raised its holdings in TransDigm Group by 3.6% during the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock worth $293,000 after purchasing an additional 8 shares during the last quarter. CX Institutional lifted its position in shares of TransDigm Group by 5.4% in the 4th quarter. CX Institutional now owns 175 shares of the aerospace company’s stock worth $222,000 after purchasing an additional 9 shares during the period. Finally, Western Financial Corp CA lifted its position in shares of TransDigm Group by 0.6% in the 4th quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company’s stock worth $1,902,000 after purchasing an additional 9 shares during the period. 95.78% of the stock is owned by institutional investors.

Insider Transactions at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,896,144. This represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Small sold 1,000 shares of TransDigm Group stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the completion of the sale, the director now directly owns 95,147 shares of the company’s stock, valued at approximately $127,042,177.34. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,594 shares of company stock worth $165,646,468 in the last ninety days. Company insiders own 4.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TDG shares. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Susquehanna upped their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Wednesday, April 2nd. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a research note on Monday, February 24th. Wells Fargo & Company increased their price target on TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. Finally, StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,480.12.

TransDigm Group Stock Up 0.9 %

Shares of NYSE:TDG opened at $1,249.23 on Tuesday. The stock has a market cap of $70.06 billion, a price-to-earnings ratio of 44.06, a PEG ratio of 2.76 and a beta of 1.08. The business’s 50 day moving average is $1,342.05 and its 200 day moving average is $1,328.34. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its earnings results 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 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company posted $7.16 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities research analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

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.