Argent Capital Management LLC Reduces Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Argent Capital Management LLC decreased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,004 shares of the aerospace company’s stock after selling 631 shares during the period. TransDigm Group accounts for approximately 2.3% of Argent Capital Management LLC’s holdings, making the stock its 17th biggest holding. Argent Capital Management LLC’s holdings in TransDigm Group were worth $77,939,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TDG. Fortitude Family Office LLC grew its holdings in shares of TransDigm Group by 283.3% in the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 17 shares during the last quarter. ORG Partners LLC purchased a new stake in TransDigm Group in the 1st quarter valued at about $30,000. VisionPoint Advisory Group LLC bought a new position in TransDigm Group in the 4th quarter worth about $37,000. Central Pacific Bank Trust Division purchased a new position in shares of TransDigm Group during the first quarter worth approximately $39,000. Finally, Frazier Financial Advisors LLC bought a new stake in shares of TransDigm Group during the fourth quarter valued at approximately $43,000. 95.78% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,019,981.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,073 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $26,769,080.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,708 shares of company stock valued at $133,146,005. Insiders own 4.96% of the company’s stock.

TransDigm Group Stock Performance

TDG stock traded up $22.30 on Friday, hitting $1,326.68. 273,198 shares of the company’s stock were exchanged, compared to its average volume of 225,556. The firm has a 50 day moving average price of $1,271.82 and a two-hundred day moving average price of $1,248.56. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,369.57. The stock has a market cap of $74.24 billion, a P/E ratio of 52.63, a price-to-earnings-growth ratio of 2.02 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.55 earnings per share. Sell-side analysts expect that TransDigm Group Incorporated will post 30.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TDG. Wells Fargo & Company dropped their price objective on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Bank of America raised their price target on TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Stifel Nicolaus upped their price objective on shares of 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. Morgan Stanley increased their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,422.94.

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.