Patron Partners LLC Acquires 14 Shares of TransDigm Group Incorporated (NYSE:TDG)

Patron Partners LLC lifted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 7.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 207 shares of the aerospace company’s stock after purchasing an additional 14 shares during the quarter. Patron Partners LLC’s holdings in TransDigm Group were worth $264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDG. Fisher Asset Management LLC bought a new stake in shares of TransDigm Group during the 4th quarter valued at $267,000. Spire Wealth Management lifted its position in TransDigm Group by 73.1% during the fourth quarter. Spire Wealth Management now owns 348 shares of the aerospace company’s stock worth $368,000 after purchasing an additional 147 shares during the period. Private Advisor Group LLC grew its stake in TransDigm Group by 36.4% during the fourth quarter. Private Advisor Group LLC now owns 734 shares of the aerospace company’s stock worth $742,000 after buying an additional 196 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in TransDigm Group by 33.5% in the 4th quarter. Apollon Wealth Management LLC now owns 486 shares of the aerospace company’s stock valued at $492,000 after buying an additional 122 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of TransDigm Group in the 4th quarter valued at approximately $210,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on TDG. KeyCorp increased their price target on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. StockNews.com cut TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Jefferies Financial Group dropped their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Barclays lifted their target price on TransDigm Group from $1,250.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Monday, May 13th. Finally, Morgan Stanley raised their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and an average target price of $1,438.24.

TransDigm Group Price Performance

Shares of TransDigm Group stock traded down $35.11 during midday trading on Friday, reaching $1,294.17. The company had a trading volume of 155,951 shares, compared to its average volume of 193,316. The stock has a fifty day moving average price of $1,276.20 and a 200 day moving average price of $1,262.52. TransDigm Group Incorporated has a fifty-two week low of $802.46 and a fifty-two week high of $1,380.83. The firm has a market cap of $72.62 billion, a PE ratio of 51.34, a P/E/G ratio of 2.14 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the firm posted $6.55 earnings per share. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, sell-side analysts forecast that TransDigm Group Incorporated will post 30.57 EPS for the current year.

Insiders Place Their Bets

In other news, Director Robert J. Small sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $1,312.09, for a total transaction of $16,401,125.00. Following the completion of the sale, the director now owns 108,712 shares in the company, valued at $142,639,928.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $1,308.52, for a total transaction of $13,085,200.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,674,906.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert J. Small sold 12,500 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $1,312.09, for a total transaction of $16,401,125.00. Following the completion of the transaction, the director now directly owns 108,712 shares in the company, valued at approximately $142,639,928.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,783 shares of company stock worth $92,191,316. Corporate insiders own 4.96% of the company’s stock.

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.