Czech National Bank Increases Stake in TransDigm Group Incorporated (NYSE:TDG)

Czech National Bank grew its holdings in TransDigm Group Incorporated (NYSE:TDG) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,177 shares of the aerospace company’s stock after acquiring an additional 67 shares during the period. Czech National Bank’s holdings in TransDigm Group were worth $5,523,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of TDG. Vanguard Group Inc. grew its stake in shares of TransDigm Group by 2.1% during the first quarter. Vanguard Group Inc. now owns 5,602,332 shares of the aerospace company’s stock worth $3,650,144,000 after purchasing an additional 117,137 shares in the last quarter. FMR LLC increased its position in shares of TransDigm Group by 217.5% during the first quarter. FMR LLC now owns 1,340,675 shares of the aerospace company’s stock worth $988,145,000 after purchasing an additional 918,393 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of TransDigm Group by 2.6% in the 1st quarter. Geode Capital Management LLC now owns 1,063,539 shares of the aerospace company’s stock valued at $782,086,000 after purchasing an additional 27,365 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in TransDigm Group by 128.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 818,757 shares of the aerospace company’s stock worth $603,465,000 after buying an additional 459,787 shares during the last quarter. Finally, Morgan Stanley raised its position in TransDigm Group by 10.0% in the 4th quarter. Morgan Stanley now owns 640,696 shares of the aerospace company’s stock valued at $403,415,000 after purchasing an additional 58,189 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Down 1.1 %

NYSE TDG opened at $864.70 on Friday. The stock has a market cap of $47.71 billion, a price-to-earnings ratio of 46.07, a price-to-earnings-growth ratio of 1.49 and a beta of 1.39. TransDigm Group Incorporated has a fifty-two week low of $499.63 and a fifty-two week high of $940.00. The business has a fifty day moving average of $882.27 and a 200-day moving average of $815.74.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $7.25 EPS for the quarter, topping analysts’ consensus estimates of $5.87 by $1.38. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.69 billion. TransDigm Group had a net margin of 18.41% and a negative return on equity of 39.57%. The company’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.36 earnings per share. As a group, analysts anticipate that TransDigm Group Incorporated will post 23.18 EPS for the current year.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,559 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $900.00, for a total value of $5,003,100.00. Following the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $19,393,200. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $853.76, for a total value of $2,561,280.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $3,073,536. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director W Nicholas Howley sold 5,559 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $900.00, for a total value of $5,003,100.00. Following the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $19,393,200. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,961 shares of company stock worth $65,346,077. 7.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TDG. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Wells Fargo & Company boosted their target price on TransDigm Group from $840.00 to $910.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 15th. Barclays raised their price target on TransDigm Group from $930.00 to $1,040.00 and gave the company an “overweight” rating in a report on Monday, August 14th. Citigroup increased their price objective on TransDigm Group from $1,042.00 to $1,114.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, Royal Bank of Canada boosted their target price on shares of TransDigm Group from $920.00 to $975.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $920.54.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.