Yousif Capital Management LLC Lowers Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Yousif Capital Management LLC cut its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.8% during the first quarter, HoldingsChannel.com reports. The fund owned 7,185 shares of the aerospace company’s stock after selling 135 shares during the quarter. Yousif Capital Management LLC’s holdings in TransDigm Group were worth $9,939,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Bruce G. Allen Investments LLC grew its position in shares of TransDigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 10 shares during the last quarter. Capital Advisors Ltd. LLC grew its position in TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after buying an additional 16 shares during the last quarter. Park Square Financial Group LLC purchased a new position in TransDigm Group in the 4th quarter valued at $32,000. Meeder Asset Management Inc. grew its position in TransDigm Group by 210.0% in the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company’s stock valued at $39,000 after buying an additional 21 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in TransDigm Group in the 4th quarter valued at $73,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Stock Down 1.7%

NYSE:TDG opened at $1,434.72 on Wednesday. The company has a market capitalization of $80.58 billion, a PE ratio of 50.61, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. TransDigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,488.54. The stock has a fifty day simple moving average of $1,386.54 and a 200-day simple moving average of $1,340.18.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.83 by $0.28. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.99 EPS. As a group, equities analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TDG. Susquehanna lifted their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Wednesday, April 2nd. Wall Street Zen upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 17th. Wells Fargo & Company raised their target price on TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. UBS Group raised their target price on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Finally, Northcoast Research raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price for the company in a report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,505.23.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $1,434.35, for a total value of $4,303,050.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $5,163,660. The trade was a 45.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,846,958.38. The trade was a 71.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,713 shares of company stock valued at $127,463,457 in the last 90 days. 4.09% of the stock is currently owned by insiders.

TransDigm Group Company 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.