State of Alaska Department of Revenue Boosts Position in TransDigm Group Incorporated (NYSE:TDG)

State of Alaska Department of Revenue boosted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.9% in the first quarter, Holdings Channel reports. The fund owned 6,030 shares of the aerospace company’s stock after purchasing an additional 55 shares during the quarter. State of Alaska Department of Revenue’s holdings in TransDigm Group were worth $7,426,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. increased its position in TransDigm Group by 0.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 131,149 shares of the aerospace company’s stock valued at $161,523,000 after acquiring an additional 1,142 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings in TransDigm Group by 12.6% during the first quarter. SeaCrest Wealth Management LLC now owns 546 shares of the aerospace company’s stock valued at $672,000 after purchasing an additional 61 shares during the period. Miracle Mile Advisors LLC grew its holdings in TransDigm Group by 1.9% during the first quarter. Miracle Mile Advisors LLC now owns 597 shares of the aerospace company’s stock valued at $735,000 after purchasing an additional 11 shares during the period. Red Door Wealth Management LLC grew its holdings in TransDigm Group by 5.2% during the first quarter. Red Door Wealth Management LLC now owns 6,757 shares of the aerospace company’s stock valued at $8,322,000 after purchasing an additional 332 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in TransDigm Group during the first quarter valued at about $325,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling

In related news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $9,921,433.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,439,160. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated 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 approximately $9,921,433.28. The disclosure for this sale can be found here. Insiders have sold a total of 100,833 shares of company stock worth $131,249,183 in the last ninety days. 4.96% of the stock is owned by insiders.

TransDigm Group Trading Up 0.5 %

Shares of NYSE:TDG traded up $6.29 during mid-day trading on Wednesday, reaching $1,284.39. The stock had a trading volume of 108,123 shares, compared to its average volume of 222,017. The company has a market cap of $71.87 billion, a P/E ratio of 51.04, a price-to-earnings-growth ratio of 2.16 and a beta of 1.38. TransDigm Group Incorporated has a 1 year low of $802.46 and a 1 year high of $1,369.57. The business’s 50 day moving average price is $1,305.53 and its 200 day moving average price is $1,190.82.

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, beating the consensus estimate of $7.42 by $0.57. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.39 EPS. Analysts predict that TransDigm Group Incorporated will post 30.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Thursday, June 27th. UBS Group boosted their price target on TransDigm Group from $1,403.00 to $1,466.00 and gave the company a “neutral” rating in a report on Monday. JPMorgan Chase & Co. upped their price objective on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 27th. Stifel Nicolaus upped their price objective on TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a research note on Friday, June 7th. Finally, TD Cowen upped their price objective on TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus target price of $1,414.06.

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.