Jefferies Financial Group Inc. lifted its position in Transdigm Group Incorporated (NYSE:TDG – Free Report) by 330.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,856 shares of the aerospace company’s stock after buying an additional 2,193 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Transdigm Group were worth $3,805,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. IFP Advisors Inc boosted its position in Transdigm Group by 392.9% during the fourth quarter. IFP Advisors Inc now owns 1,592 shares of the aerospace company’s stock worth $2,117,000 after purchasing an additional 1,269 shares in the last quarter. DNB Asset Management AS raised its stake in shares of Transdigm Group by 11.6% during the 4th quarter. DNB Asset Management AS now owns 25,824 shares of the aerospace company’s stock worth $34,342,000 after buying an additional 2,685 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Transdigm Group by 8.0% in the 4th quarter. HighTower Advisors LLC now owns 17,230 shares of the aerospace company’s stock worth $22,914,000 after buying an additional 1,281 shares in the last quarter. Capital Research Global Investors grew its stake in Transdigm Group by 12.2% in the 4th quarter. Capital Research Global Investors now owns 2,476,661 shares of the aerospace company’s stock valued at $3,293,527,000 after acquiring an additional 268,824 shares during the last quarter. Finally, Pier 88 Investment Partners LLC purchased a new position in Transdigm Group during the 4th quarter valued at about $3,192,000. 95.78% of the stock is currently owned by institutional investors.
Transdigm Group Stock Performance
TDG stock opened at $1,184.14 on Friday. The company has a 50 day moving average price of $1,257.95 and a two-hundred day moving average price of $1,242.67. The stock has a market capitalization of $66.23 billion, a P/E ratio of 35.93, a PEG ratio of 1.98 and a beta of 0.91. Transdigm Group Incorporated has a one year low of $1,123.61 and a one year high of $1,463.03.
Wall Street Analyst Weigh In
Several analysts have issued reports on TDG shares. Weiss Ratings downgraded shares of Transdigm Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Jefferies Financial Group lifted their price objective on Transdigm Group from $1,565.00 to $1,575.00 in a research report on Monday, May 11th. Morgan Stanley cut Transdigm Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $1,680.00 to $1,345.00 in a report on Wednesday, July 15th. Royal Bank Of Canada cut their price target on Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased their price objective on Transdigm Group from $1,440.00 to $1,450.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. Six research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $1,463.71.
Read Our Latest Research Report on Transdigm Group
Insider Transactions at Transdigm Group
In related news, Director W Nicholas Howley sold 10,132 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $1,236.28, for a total value of $12,525,988.96. Following the sale, the director directly owned 21,548 shares of the company’s stock, valued at approximately $26,639,361.44. This trade represents a 31.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joel Reiss sold 3,900 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $1,238.76, for a total transaction of $4,831,164.00. Following the transaction, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at $4,459,536. This trade represents a 52.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 38,196 shares of company stock worth $48,027,598. 3.20% of the stock is owned by corporate 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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