Montag A & Associates Inc. Has $560,000 Position in TransDigm Group Incorporated (NYSE:TDG)

Montag A & Associates Inc. boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDGFree Report) by 34.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 554 shares of the aerospace company’s stock after acquiring an additional 141 shares during the period. Montag A & Associates Inc.’s holdings in TransDigm Group were worth $560,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TDG. Vanguard Group Inc. increased its stake in TransDigm Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company’s stock valued at $4,977,008,000 after purchasing an additional 104,433 shares in the last quarter. Deutsche Bank AG raised its holdings in TransDigm Group by 1,947.8% in the third quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after purchasing an additional 3,225,771 shares during the period. FMR LLC raised its holdings in TransDigm Group by 9.0% in the third quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock worth $1,392,355,000 after purchasing an additional 136,834 shares during the period. JPMorgan Chase & Co. raised its holdings in TransDigm Group by 46.1% in the third quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock worth $933,765,000 after purchasing an additional 349,409 shares during the period. Finally, Morgan Stanley raised its holdings in TransDigm Group by 0.8% in the third quarter. Morgan Stanley now owns 650,127 shares of the aerospace company’s stock worth $548,144,000 after purchasing an additional 4,989 shares during the period. Institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TDG. KeyCorp increased their target price on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. JPMorgan Chase & Co. lifted their price target on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. Susquehanna lifted their price target on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, The Goldman Sachs Group lifted their price objective on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,311.81.

Read Our Latest Research Report on TransDigm Group

Insider Activity

In other news, Director Michael Graff sold 3,460 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the completion of the transaction, the director now directly owns 4,879 shares in the company, valued at approximately $5,406,761.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director W Nicholas Howley sold 2,391 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the completion of the transaction, the director now directly owns 21,549 shares in the company, valued at approximately $25,008,691.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Graff sold 3,460 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the transaction, the director now owns 4,879 shares of the company’s stock, valued at $5,406,761.43. The disclosure for this sale can be found here. In the last ninety days, insiders bought 11 shares of company stock worth $5,950 and sold 59,088 shares worth $69,841,110. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

TransDigm Group stock traded down $8.37 during midday trading on Friday, hitting $1,310.49. The company’s stock had a trading volume of 212,389 shares, compared to its average volume of 193,479. TransDigm Group Incorporated has a 1-year low of $768.05 and a 1-year high of $1,330.82. The company has a 50-day moving average price of $1,222.89 and a two-hundred day moving average price of $1,087.09. The company has a market cap of $72.88 billion, a price-to-earnings ratio of 55.62, a PEG ratio of 2.65 and a beta of 1.39.

TransDigm Group (NYSE:TDGGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, topping the consensus estimate of $7.42 by $0.57. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business’s revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.39 EPS. Sell-side analysts forecast that TransDigm Group Incorporated will post 29.08 EPS for the current year.

TransDigm Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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