Miracle Mile Advisors LLC Increases Position in TransDigm Group Incorporated (NYSE:TDG)

Miracle Mile Advisors LLC boosted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 1.9% in the first quarter, HoldingsChannel.com reports. The firm owned 597 shares of the aerospace company’s stock after buying an additional 11 shares during the quarter. Miracle Mile Advisors LLC’s holdings in TransDigm Group were worth $735,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Coldstream Capital Management Inc. lifted its position in shares of TransDigm Group by 1.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock valued at $577,000 after acquiring an additional 9 shares during the period. Quent Capital LLC lifted its stake in shares of TransDigm Group by 8.8% during the 4th quarter. Quent Capital LLC now owns 123 shares of the aerospace company’s stock worth $124,000 after purchasing an additional 10 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of TransDigm Group by 5.9% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 180 shares of the aerospace company’s stock valued at $197,000 after acquiring an additional 10 shares during the last quarter. Venturi Wealth Management LLC raised its stake in TransDigm Group by 14.5% during the fourth quarter. Venturi Wealth Management LLC now owns 87 shares of the aerospace company’s stock worth $88,000 after purchasing an additional 11 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in TransDigm Group by 15.4% in the fourth quarter. Global Retirement Partners LLC now owns 90 shares of the aerospace company’s stock valued at $92,000 after acquiring an additional 12 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

NYSE:TDG traded down $24.89 during midday trading on Monday, reaching $1,252.72. The stock had a trading volume of 299,057 shares, compared to its average volume of 222,979. TransDigm Group Incorporated has a 1-year low of $802.46 and a 1-year high of $1,369.57. The firm’s fifty day simple moving average is $1,303.77 and its 200-day simple moving average is $1,186.89. The stock has a market capitalization of $70.10 billion, a P/E ratio of 49.69, a PEG ratio of 2.16 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm posted $5.39 earnings per share. TransDigm Group’s revenue was up 20.5% compared to the same quarter last year. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 30.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on TDG. Robert W. Baird lifted their target price on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Morgan Stanley boosted their target price on shares of TransDigm Group from $1,275.00 to $1,550.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. KeyCorp boosted their price objective on TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. JPMorgan Chase & Co. increased their target price on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Finally, Bank of America upped their price target on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,414.06.

Insider Buying and Selling

In other news, Director Robert J. Small sold 21,210 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $1,315.87, for a total transaction of $27,909,602.70. Following the transaction, the director now directly owns 100,962 shares in the company, valued at $132,852,866.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robert J. Small sold 21,210 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1,315.87, for a total value of $27,909,602.70. Following the completion of the transaction, the director now owns 100,962 shares of the company’s stock, valued at approximately $132,852,866.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The disclosure for this sale can be found here. Insiders sold 100,833 shares of company stock valued at $131,249,183 over the last quarter. Corporate insiders own 4.96% of the company’s stock.

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.