Central Pacific Bank Trust Division Makes New $39,000 Investment in TransDigm Group Incorporated (NYSE:TDG)

Central Pacific Bank Trust Division acquired a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) in the first quarter, HoldingsChannel.com reports. The fund acquired 32 shares of the aerospace company’s stock, valued at approximately $39,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of TransDigm Group by 0.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock valued at $1,190,000 after acquiring an additional 8 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in TransDigm Group by 1.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock worth $577,000 after purchasing an additional 9 shares in the last quarter. Checchi Capital Advisers LLC raised its holdings in TransDigm Group by 1.0% in the first quarter. Checchi Capital Advisers LLC now owns 918 shares of the aerospace company’s stock worth $1,131,000 after purchasing an additional 9 shares in the last quarter. Quent Capital LLC increased its holdings in shares of TransDigm Group by 8.8% during the fourth quarter. Quent Capital LLC now owns 123 shares of the aerospace company’s stock valued at $124,000 after acquiring an additional 10 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of TransDigm Group by 5.9% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 180 shares of the aerospace company’s stock valued at $197,000 after acquiring an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TDG shares. Stifel Nicolaus raised their price target on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a report on Friday, June 7th. KeyCorp increased their price objective on TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Citigroup increased their price objective on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Morgan Stanley increased their price objective on TransDigm Group from $1,275.00 to $1,550.00 and gave the company an “overweight” rating in a research report on Thursday, May 9th. Finally, JPMorgan Chase & Co. increased their price objective on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average price target of $1,414.06.

Insider Activity at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $1,292.89, for a total value of $12,928,900.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,547,396.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director W Nicholas Howley sold 197 shares of the company’s stock in a transaction that occurred on 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 the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $1,292.89, for a total value of $12,928,900.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,547,396.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,833 shares of company stock worth $119,087,583. 4.96% of the stock is owned by company insiders.

TransDigm Group Trading Down 1.4 %

Shares of NYSE:TDG opened at $1,254.49 on Friday. The stock has a 50 day moving average of $1,308.08 and a 200 day moving average of $1,201.69. The company has a market cap of $70.20 billion, a PE ratio of 49.76, a price-to-earnings-growth ratio of 2.14 and a beta of 1.38. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,369.57.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The firm’s revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the company posted $5.39 EPS. Equities research analysts predict that TransDigm Group Incorporated will post 30.14 earnings per share for the current fiscal year.

About TransDigm Group

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.