TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC increased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 27.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 390 shares of the aerospace company’s stock after purchasing an additional 83 shares during the period. Resonant Capital Advisors LLC’s holdings in TransDigm Group were worth $498,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TDG. Fortitude Family Office LLC raised its stake in TransDigm Group by 283.3% during the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 17 shares during the period. ORG Partners LLC purchased a new position in shares of TransDigm Group in the 1st quarter worth $30,000. Central Pacific Bank Trust Division purchased a new stake in TransDigm Group during the first quarter valued at about $39,000. VisionPoint Advisory Group LLC purchased a new stake in TransDigm Group during the fourth quarter valued at about $37,000. Finally, Crewe Advisors LLC acquired a new stake in TransDigm Group during the first quarter worth about $46,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Stock Performance

Shares of TDG opened at $1,373.21 on Tuesday. TransDigm Group Incorporated has a one year low of $802.46 and a one year high of $1,380.83. The stock has a 50-day moving average price of $1,273.78 and a 200 day moving average price of $1,259.08. The company has a market capitalization of $77.05 billion, a P/E ratio of 54.47, a P/E/G ratio of 2.17 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. TransDigm Group’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the company posted $6.55 EPS. As a group, equities research analysts forecast that TransDigm Group Incorporated will post 30.57 earnings per share for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In related news, insider Jessica L. Warren sold 925 shares of TransDigm Group stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the transaction, the insider now directly owns 50 shares in the company, valued at $66,967. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jessica L. Warren sold 925 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the sale, the insider now directly owns 50 shares of the company’s stock, valued at approximately $66,967. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Small sold 30,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $1,323.86, for a total value of $39,715,800.00. Following the transaction, the director now owns 112,381 shares in the company, valued at $148,776,710.66. The disclosure for this sale can be found here. Insiders have sold 102,708 shares of company stock worth $133,146,005 in the last ninety days. 4.96% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Barclays boosted their target price on TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Monday, May 13th. Susquehanna lifted their price target on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Northcoast Research initiated coverage on shares of TransDigm Group in a research report on Thursday, August 1st. They issued a “neutral” rating for the company. Stifel Nicolaus raised their target price on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research note on Friday, June 7th. Finally, Morgan Stanley upped their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,422.94.

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.