RFG Advisory LLC Purchases New Stake in TransDigm Group Incorporated (NYSE:TDG)

RFG Advisory LLC purchased a new stake in TransDigm Group Incorporated (NYSE:TDG) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 241 shares of the aerospace company’s stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TDG. Compagnie Lombard Odier SCmA acquired a new position in TransDigm Group in the fourth quarter valued at about $25,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in TransDigm Group during the third quarter worth about $27,000. Resurgent Financial Advisors LLC acquired a new position in TransDigm Group during the fourth quarter worth about $30,000. Optiver Holding B.V. acquired a new position in TransDigm Group during the third quarter worth about $35,000. Finally, International Assets Investment Management LLC acquired a new position in TransDigm Group during the third quarter worth about $36,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Performance

TransDigm Group stock opened at $1,220.38 on Friday. The stock has a market capitalization of $67.87 billion, a price-to-earnings ratio of 51.80, a PEG ratio of 2.49 and a beta of 1.42. TransDigm Group Incorporated has a 52-week low of $741.74 and a 52-week high of $1,246.22. The stock’s 50 day moving average price is $1,185.05 and its two-hundred day moving average price is $1,034.60.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the prior year, the business earned $4.15 EPS. On average, equities research analysts forecast that TransDigm Group Incorporated will post 29.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TDG shares. Susquehanna boosted their target price on TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. The Goldman Sachs Group boosted their price target on TransDigm Group from $1,164.00 to $1,285.00 and gave the stock a “buy” rating in a report on Friday, February 9th. KeyCorp boosted their price target on TransDigm Group from $1,180.00 to $1,220.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, Royal Bank of Canada boosted their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group currently has an average rating of “Moderate Buy” and an average price target of $1,137.73.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $1,172.26, for a total transaction of $3,516,780.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,220,136. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $1,172.26, for a total value of $3,516,780.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,220,136. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director W Nicholas Howley sold 3,530 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $1,022.27, for a total value of $3,608,613.10. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $22,027,873.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,617 shares of company stock worth $60,654,941. Corporate insiders own 4.96% of the company’s stock.

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.