Lido Advisors LLC grew its holdings in Transdigm Group Incorporated (NYSE:TDG – Free Report) by 25.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 2,560 shares of the aerospace company’s stock after buying an additional 518 shares during the quarter. Lido Advisors LLC’s holdings in Transdigm Group were worth $2,969,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Empowered Funds LLC raised its holdings in Transdigm Group by 5.0% in the 1st quarter. Empowered Funds LLC now owns 1,372 shares of the aerospace company’s stock valued at $1,898,000 after acquiring an additional 65 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Transdigm Group by 92.3% during the 1st quarter. Acadian Asset Management LLC now owns 273 shares of the aerospace company’s stock worth $376,000 after purchasing an additional 131 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Transdigm Group by 152.9% in the second quarter. NewEdge Advisors LLC now owns 2,064 shares of the aerospace company’s stock valued at $3,138,000 after purchasing an additional 1,248 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Transdigm Group by 25.4% in the second quarter. Sei Investments Co. now owns 33,032 shares of the aerospace company’s stock valued at $50,227,000 after purchasing an additional 6,697 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Transdigm Group by 3.6% in the second quarter. Treasurer of the State of North Carolina now owns 25,821 shares of the aerospace company’s stock valued at $39,264,000 after purchasing an additional 902 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.
Transdigm Group Stock Up 1.8%
Shares of Transdigm Group stock opened at $1,236.11 on Friday. Transdigm Group Incorporated has a 52 week low of $1,123.61 and a 52 week high of $1,623.82. The business’s fifty day simple moving average is $1,261.52 and its 200-day simple moving average is $1,270.10. The firm has a market cap of $69.14 billion, a PE ratio of 38.58, a price-to-earnings-growth ratio of 2.18 and a beta of 0.90.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. UBS Group lowered their price objective on Transdigm Group from $1,745.00 to $1,645.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Stifel Nicolaus cut their target price on Transdigm Group from $1,650.00 to $1,525.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. TD Cowen reduced their price target on Transdigm Group from $1,565.00 to $1,450.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Wall Street Zen cut shares of Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Transdigm Group from $1,440.00 to $1,450.00 and gave the company a “neutral” rating in a report on Monday, June 15th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $1,477.47.
Check Out Our Latest Analysis on TDG
Insider Activity
In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of Transdigm Group stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $1,276.78, for a total transaction of $4,979,442.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares in the company, valued at $4,596,408. This trade represents a 52.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Nicholas Howley sold 10,132 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $1,180.82, for a total transaction of $11,964,068.24. Following the completion of the sale, the director directly owned 21,548 shares in the company, valued at $25,444,309.36. This trade represents a 31.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 28,064 shares of company stock valued at $34,814,142. 3.20% of the stock is currently owned by insiders.
Transdigm Group Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.
TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.
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