Transdigm Group Incorporated (NYSE:TDG) Shares Sold by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. lessened its position in Transdigm Group Incorporated (NYSE:TDG) by 3.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,436 shares of the aerospace company’s stock after selling 121 shares during the period. Sigma Investment Counselors Inc.’s holdings in Transdigm Group were worth $4,753,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bruce G. Allen Investments LLC increased its holdings in shares of 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 acquiring an additional 10 shares during the period. Park Square Financial Group LLC acquired a new stake in shares of Transdigm Group in the 4th quarter worth about $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 in the last quarter. Wayfinding Financial LLC bought a new position in Transdigm Group in the 1st quarter valued at about $75,000. Finally, SBI Securities Co. Ltd. bought a new position in Transdigm Group in the 4th quarter valued at about $77,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling

In other Transdigm Group news, Director W Nicholas Howley sold 49,241 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the completion of the transaction, the director directly owned 21,548 shares in the company, valued at $31,801,615.80. This trade represents a 69.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,300 shares of the firm’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the completion of the transaction, the chief operating officer owned 3,600 shares of the company’s stock, valued at approximately $4,758,480. The trade was a 47.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,149 shares of company stock valued at $202,651,767. Company insiders own 4.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TDG. The Goldman Sachs Group increased their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. KeyCorp increased their target price on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the company an “overweight” rating in a research report on Wednesday, July 2nd. Wells Fargo & Company increased their target price on shares of 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. UBS Group increased their target price on shares of 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. Finally, Susquehanna increased their target price 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. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Transdigm Group has an average rating of “Moderate Buy” and an average target price of $1,545.80.

Transdigm Group Trading Down 0.0%

NYSE:TDG opened at $1,522.50 on Tuesday. Transdigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,538.20. The company has a 50-day moving average of $1,444.85 and a 200-day moving average of $1,368.10. The firm has a market cap of $85.52 billion, a price-to-earnings ratio of 51.40, a price-to-earnings-growth ratio of 3.25 and a beta of 1.04.

Transdigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping the consensus estimate of $8.83 by $0.28. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the company posted $7.99 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, research analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

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.