Dorsey Wright & Associates Lowers Holdings in TransDigm Group Incorporated (NYSE:TDG)

Dorsey Wright & Associates trimmed its stake in TransDigm Group Incorporated (NYSE:TDG) by 30.4% during the 4th quarter, HoldingsChannel reports. The fund owned 3,021 shares of the aerospace company’s stock after selling 1,317 shares during the quarter. Dorsey Wright & Associates’ holdings in TransDigm Group were worth $3,828,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TDG. Erste Asset Management GmbH bought a new position in TransDigm Group in the 3rd quarter worth about $29,000. Capital Advisors Ltd. LLC raised its holdings in TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after buying an additional 16 shares during the last quarter. Trust Co. of Vermont lifted its stake in shares of TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after buying an additional 15 shares in the last quarter. Versant Capital Management Inc increased its position in shares of TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 18 shares in the last quarter. Finally, Sachetta LLC raised its holdings in TransDigm Group by 105.9% in the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 18 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Stock Down 0.5 %

TDG stock opened at $1,377.22 on Friday. The business’s 50-day moving average price is $1,343.19 and its 200-day moving average price is $1,329.72. The stock has a market cap of $77.24 billion, a P/E ratio of 48.58, a PEG ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,451.32.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $6.73 by $0.84. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.16 earnings per share. On average, equities research analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Activity at TransDigm Group

In related news, Director Robert J. Small sold 40,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the completion of the transaction, the director now directly owns 98,185 shares of the company’s stock, valued at approximately $132,138,354.85. This trade represents a 28.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were 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 directly owns 3,600 shares of the company’s stock, valued at $4,896,144. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,594 shares of company stock worth $165,646,468. 4.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on TDG shares. Wells Fargo & Company increased their target price on TransDigm Group from $1,500.00 to $1,580.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective on the stock in a research report on Monday, February 24th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Citigroup raised their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Barclays restated an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,477.18.

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.