Wellington Management Group LLP Has $2.67 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Wellington Management Group LLP grew its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 22.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,640 shares of the aerospace company’s stock after buying an additional 479 shares during the period. Wellington Management Group LLP’s holdings in TransDigm Group were worth $2,671,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Compagnie Lombard Odier SCmA bought a new stake in TransDigm Group in the fourth quarter valued at $25,000. Oakworth Capital Inc. acquired a new position in TransDigm Group during the 4th quarter worth approximately $26,000. VisionPoint Advisory Group LLC bought a new position in TransDigm Group in the fourth quarter worth approximately $37,000. Oliver Lagore Vanvalin Investment Group grew its stake in TransDigm Group by 48.0% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 12 shares during the period. Finally, Frazier Financial Advisors LLC bought a new stake in shares of TransDigm Group during the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 197 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total transaction of $259,673.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Robert J. Small sold 21,210 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1,315.87, for a total transaction of $27,909,602.70. Following the completion of the transaction, the director now directly owns 100,962 shares in the company, valued at approximately $132,852,866.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 197 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total value of $259,673.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,833 shares of company stock valued at $131,249,183. Corporate insiders own 4.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TDG. 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 report on Wednesday, May 8th. Wells Fargo & Company boosted their target price on shares of TransDigm Group from $1,260.00 to $1,390.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft raised their price target on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. TD Cowen boosted their price objective on TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Thursday. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,410.13.

TransDigm Group Stock Performance

TDG stock opened at $1,277.61 on Monday. The stock has a fifty day moving average of $1,303.77 and a 200-day moving average of $1,186.89. TransDigm Group Incorporated has a fifty-two week low of $802.46 and a fifty-two week high of $1,369.57. The company has a market capitalization of $71.50 billion, a price-to-earnings ratio of 50.68, a PEG ratio of 2.16 and a beta of 1.39.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. TransDigm Group’s revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the business earned $5.39 EPS. Equities analysts predict that TransDigm Group Incorporated will post 30.04 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.