TransDigm Group Incorporated (NYSE:TDG) Holdings Decreased by Oberndorf William E

Oberndorf William E lessened its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 48.7% in the second quarter, Holdings Channel.com reports. The fund owned 2,040 shares of the aerospace company’s stock after selling 1,933 shares during the quarter. TransDigm Group comprises approximately 4.6% of Oberndorf William E’s holdings, making the stock its 7th largest position. Oberndorf William E’s holdings in TransDigm Group were worth $2,606,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TDG. Ieq Capital LLC increased its position in shares of TransDigm Group by 16.1% in the second quarter. Ieq Capital LLC now owns 2,302 shares of the aerospace company’s stock worth $2,942,000 after acquiring an additional 320 shares in the last quarter. Brighton Jones LLC boosted its position in TransDigm Group by 12.3% during the 2nd quarter. Brighton Jones LLC now owns 1,030 shares of the aerospace company’s stock worth $1,316,000 after purchasing an additional 113 shares during the period. MQS Management LLC acquired a new stake in TransDigm Group in the 2nd quarter valued at $778,000. Glass Jacobson Investment Advisors llc purchased a new position in TransDigm Group in the second quarter valued at about $158,000. Finally, Zega Financial LLC lifted its stake in shares of TransDigm Group by 8.1% during the second quarter. Zega Financial LLC now owns 656 shares of the aerospace company’s stock worth $838,000 after purchasing an additional 49 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,019,981.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,019,981.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. The disclosure for this sale can be found here. Insiders have sold 36,545 shares of company stock valued at $46,454,828 over the last quarter. Insiders own 4.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TDG. Jefferies Financial Group dropped their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Morgan Stanley lifted their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. KeyCorp boosted their target price on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Finally, UBS Group cut their price objective on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,438.24.

TransDigm Group Trading Up 1.1 %

TDG stock opened at $1,388.25 on Friday. The firm has a market cap of $77.68 billion, a P/E ratio of 55.07, a P/E/G ratio of 2.16 and a beta of 1.42. The stock’s 50 day simple moving average is $1,290.70 and its 200 day simple moving average is $1,273.34. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,400.63.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the company earned $6.55 earnings per share. The firm’s revenue was up 17.3% compared to the same quarter last year. On average, research analysts forecast that TransDigm Group Incorporated will post 30.69 EPS for the current fiscal year.

TransDigm Group Company 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.