Lido Advisors LLC Cuts Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Lido Advisors LLC trimmed its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 14.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 753 shares of the aerospace company’s stock after selling 130 shares during the quarter. Lido Advisors LLC’s holdings in TransDigm Group were worth $955,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in TransDigm Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company’s stock valued at $7,946,863,000 after buying an additional 79,284 shares during the last quarter. Capital World Investors raised its position in shares of TransDigm Group by 4.3% in the 4th quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company’s stock valued at $4,805,434,000 after purchasing an additional 155,541 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in TransDigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock worth $2,793,908,000 after purchasing an additional 206,822 shares in the last quarter. Principal Financial Group Inc. grew its position in TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after purchasing an additional 185,422 shares during the last quarter. Finally, FMR LLC increased its stake in TransDigm Group by 0.3% during the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company’s stock valued at $2,440,268,000 after purchasing an additional 5,414 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TDG shares. Wells Fargo & Company lowered their price objective on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Susquehanna lifted their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. Barclays reissued an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a report on Monday, February 24th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, April 23rd. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,464.41.

Insider Activity

In other TransDigm Group news, Director Robert J. Small sold 40,000 shares of the company’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 in the company, valued at approximately $132,138,354.85. This 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 hyperlink. Also, COO Joel Reiss sold 3,300 shares of TransDigm Group stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,758,480. This trade represents a 47.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,894 shares of company stock worth $167,450,256 over the last three months. 4.09% of the stock is currently owned by corporate insiders.

TransDigm Group Stock Performance

Shares of NYSE TDG opened at $1,448.39 on Friday. The company has a market capitalization of $81.23 billion, a PE ratio of 51.09, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. The company’s fifty day moving average price is $1,348.86 and its 200 day moving average price is $1,320.89. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,468.00.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.73 by $0.84. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates 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 period in the prior year, the company posted $7.16 EPS. On average, equities analysts expect that TransDigm Group Incorporated will post 35.13 EPS 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.