Aubrey Capital Management Ltd Makes New Investment in TransDigm Group Incorporated (NYSE:TDG)

Aubrey Capital Management Ltd purchased a new position in TransDigm Group Incorporated (NYSE:TDG) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,500 shares of the aerospace company’s stock, valued at approximately $2,075,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bruce G. Allen Investments LLC boosted its stake in TransDigm Group by 111.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 10 shares during the period. Capital Advisors Ltd. LLC boosted its position in shares of TransDigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 16 shares during the last quarter. Park Square Financial Group LLC bought a new position in shares of TransDigm Group during the 4th quarter valued at approximately $32,000. Meeder Asset Management Inc. boosted its position in shares of TransDigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 21 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in shares of TransDigm Group during the 4th quarter valued at approximately $74,000. 95.78% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,896,144. This trade represents a 45.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $1,329.61, for a total value of $26,592,200.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,846,958.38. This represents a 71.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,613 shares of company stock worth $195,898,074. Company insiders own 4.09% of the company’s stock.

TransDigm Group Stock Up 0.5%

TDG stock opened at $1,436.36 on Friday. The business’s fifty day simple moving average is $1,394.11 and its two-hundred day simple moving average is $1,342.01. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54. The firm has a market cap of $80.68 billion, a price-to-earnings ratio of 50.67, a PEG ratio of 2.76 and a beta of 1.05.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping analysts’ consensus estimates of $8.83 by $0.28. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm posted $7.99 earnings per share. Research analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Analysts Set New Price Targets

TDG has been the subject of a number of research reports. UBS Group increased their target price on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Wells Fargo & Company increased their target price on TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Susquehanna increased their target price on 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 TransDigm Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 17th. Finally, Northcoast Research upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price for the company in a research report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus target price of $1,505.23.

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.