TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in shares of TransDigm Group Incorporated (NYSE:TDGFree Report) by 3.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 65,329 shares of the aerospace company’s stock after buying an additional 2,345 shares during the quarter. Envestnet Asset Management Inc.’s holdings in TransDigm Group were worth $66,087,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new position in TransDigm Group in the 4th quarter valued at $25,000. Oakworth Capital Inc. acquired a new stake in shares of TransDigm Group in the 4th quarter worth $26,000. Optiver Holding B.V. purchased a new stake in shares of TransDigm Group in the third quarter valued at about $35,000. VisionPoint Advisory Group LLC acquired a new position in shares of TransDigm Group during the fourth quarter worth about $37,000. Finally, Oliver Lagore Vanvalin Investment Group raised its holdings in TransDigm Group by 48.0% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of the business’s stock in a transaction on 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 approximately $66,967. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $9,921,433.28. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 3 shares of company stock valued at $1,690 and have sold 30,123 shares valued at $37,654,235. Corporate insiders own 4.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. UBS Group lifted their price objective on TransDigm Group from $1,302.00 to $1,403.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Wells Fargo & Company lifted their price target on TransDigm Group from $1,260.00 to $1,390.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 18th. Stifel Nicolaus raised their target price on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a report on Friday. Finally, Morgan Stanley upped their price target on shares of TransDigm Group from $1,275.00 to $1,550.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,371.19.

Read Our Latest Analysis on TDG

TransDigm Group Price Performance

TDG stock opened at $1,305.99 on Tuesday. TransDigm Group Incorporated has a 12 month low of $794.97 and a 12 month high of $1,369.57. The firm has a market capitalization of $73.08 billion, a PE ratio of 51.80, a P/E/G ratio of 2.23 and a beta of 1.39. The company’s 50 day simple moving average is $1,276.94 and its 200-day simple moving average is $1,153.39.

TransDigm Group (NYSE:TDGGet Free Report) last announced its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the firm earned $5.39 EPS. TransDigm Group’s quarterly revenue was up 20.5% on a year-over-year basis. As a group, sell-side analysts anticipate that TransDigm Group Incorporated will post 29.93 earnings per share for the current year.

About TransDigm Group

(Free Report)

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.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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