Manchester Capital Management LLC Boosts Holdings in TransDigm Group Incorporated (NYSE:TDG)

Manchester Capital Management LLC raised its position in TransDigm Group Incorporated (NYSE:TDG) by 2,880.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 149 shares of the aerospace company’s stock after acquiring an additional 144 shares during the quarter. Manchester Capital Management LLC’s holdings in TransDigm Group were worth $184,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new stake in shares of TransDigm Group in the 4th quarter worth $25,000. Oakworth Capital Inc. purchased a new stake in TransDigm Group in the fourth quarter valued at about $26,000. VisionPoint Advisory Group LLC acquired a new stake in TransDigm Group in the fourth quarter worth about $37,000. Oliver Lagore Vanvalin Investment Group grew its stake in shares of TransDigm Group by 48.0% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 12 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in shares of TransDigm Group during the first quarter valued at about $39,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on TDG shares. KeyCorp lifted their target price on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Royal Bank of Canada reissued an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Thursday, June 27th. Wells Fargo & Company lifted their price target on TransDigm Group from $1,260.00 to $1,390.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. Morgan Stanley raised their price objective on 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. Finally, Barclays lifted their target price on TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Monday, May 13th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,414.06.

TransDigm Group Price Performance

NYSE TDG traded down $5.76 on Friday, hitting $1,249.88. The company had a trading volume of 139,199 shares, compared to its average volume of 220,804. The company’s fifty day moving average price is $1,308.08 and its 200-day moving average price is $1,201.69. The company has a market capitalization of $69.94 billion, a PE ratio of 49.76, a PEG ratio of 2.14 and a beta of 1.38. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,369.57.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the firm earned $5.39 EPS. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, sell-side analysts anticipate that TransDigm Group Incorporated will post 30.14 EPS for the current year.

Insider Buying and Selling

In other news, insider Jessica L. Warren sold 925 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the transaction, the insider now directly owns 50 shares of the company’s stock, valued at $66,967. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total value 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 $4,439,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jessica L. Warren sold 925 shares of TransDigm Group stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the transaction, the insider now directly owns 50 shares in the company, valued at $66,967. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,833 shares of company stock worth $119,087,583. 4.96% of the stock is owned by corporate insiders.

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.