TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 7.3% in the fourth quarter, HoldingsChannel reports. The firm owned 175,152 shares of the aerospace company’s stock after buying an additional 11,965 shares during the period. Wells Fargo & Company MN’s holdings in TransDigm Group were worth $177,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. raised its position in shares of TransDigm Group by 1.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock worth $577,000 after acquiring an additional 9 shares during the period. CBIZ Investment Advisory Services LLC acquired a new position in shares of TransDigm Group in the fourth quarter worth about $29,937,000. UBS Group AG raised its position in shares of TransDigm Group by 9.4% in the fourth quarter. UBS Group AG now owns 36,433 shares of the aerospace company’s stock worth $36,856,000 after acquiring an additional 3,120 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of TransDigm Group by 19.9% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,969 shares of the aerospace company’s stock worth $1,992,000 after acquiring an additional 327 shares during the period. Finally, Norges Bank acquired a new position in shares of TransDigm Group in the fourth quarter worth about $790,822,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Trading Up 1.9 %

Shares of NYSE:TDG opened at $1,337.46 on Wednesday. TransDigm Group Incorporated has a 52 week low of $768.05 and a 52 week high of $1,340.76. The company’s 50 day moving average is $1,243.37 and its two-hundred day moving average is $1,116.79. The company has a market cap of $74.84 billion, a PE ratio of 53.05, a P/E/G ratio of 2.51 and a beta of 1.39.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The company’s revenue was up 20.5% on a year-over-year basis. During the same period last year, the firm posted $5.39 EPS. As a group, equities research analysts expect that TransDigm Group Incorporated will post 29.96 EPS for the current year.

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 197 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $1,282.78, for a total value of $3,848,340.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,618,008. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 197 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total transaction of $259,673.58. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 11 shares of company stock valued at $5,950 and have sold 48,203 shares valued at $59,138,425. Insiders own 4.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on TDG shares. Morgan Stanley boosted their target price on shares of TransDigm Group from $1,275.00 to $1,550.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Susquehanna boosted their target price on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Royal Bank of Canada boosted their target price on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. The Goldman Sachs Group boosted their target price on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Saturday. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,327.44.

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.