TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in TransDigm Group Incorporated (NYSE:TDG) by 11.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,592 shares of the aerospace company’s stock after acquiring an additional 2,914 shares during the quarter. Russell Investments Group Ltd. owned about 0.05% of TransDigm Group worth $35,220,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. lifted its position in shares of TransDigm Group by 7.0% in the first quarter. QRG Capital Management Inc. now owns 549 shares of the aerospace company’s stock valued at $677,000 after acquiring an additional 36 shares in the last quarter. New Republic Capital LLC purchased a new position in TransDigm Group during the first quarter worth approximately $219,000. Meeder Advisory Services Inc. lifted its position in TransDigm Group by 1.2% during the first quarter. Meeder Advisory Services Inc. now owns 750 shares of the aerospace company’s stock worth $924,000 after buying an additional 9 shares in the last quarter. NorthRock Partners LLC lifted its position in TransDigm Group by 11.9% during the first quarter. NorthRock Partners LLC now owns 263 shares of the aerospace company’s stock worth $324,000 after buying an additional 28 shares in the last quarter. Finally, Montag A & Associates Inc. lifted its position in TransDigm Group by 66.8% during the first quarter. Montag A & Associates Inc. now owns 924 shares of the aerospace company’s stock worth $1,138,000 after buying an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Up 3.1 %

TDG traded up $38.56 on Tuesday, hitting $1,280.50. 218,857 shares of the company were exchanged, compared to its average volume of 223,906. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,369.57. The company has a market cap of $71.65 billion, a price-to-earnings ratio of 50.82, a price-to-earnings-growth ratio of 2.08 and a beta of 1.38. The firm has a 50-day moving average price of $1,305.86 and a two-hundred day moving average price of $1,207.73.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, topping the consensus estimate of $7.42 by $0.57. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the firm posted $5.39 EPS. TransDigm Group’s revenue for the quarter was up 20.5% on a year-over-year basis. Equities analysts expect that TransDigm Group Incorporated will post 30.14 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TDG shares. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 18th. TD Cowen lifted their target price on TransDigm Group from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Stifel Nicolaus lifted their target price on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research report on Friday, June 7th. Bank of America lifted their target price on TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, Morgan Stanley lifted their target price on TransDigm Group from $1,275.00 to $1,550.00 and gave the company an “overweight” rating in a research report on Thursday, May 9th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,414.06.

Insider Buying and Selling

In other TransDigm Group news, 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 completion of the sale, the insider now directly owns 50 shares of the company’s stock, valued at approximately $66,967. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other TransDigm Group news, 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 completion of the sale, the insider now directly owns 50 shares of the company’s stock, valued at approximately $66,967. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,469,760. The disclosure for this sale can be found here. Insiders sold 105,905 shares of company stock valued at $137,900,519 in the last three months. 4.96% of the stock is owned by corporate insiders.

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.