Pitcairn Co. Cuts Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Pitcairn Co. decreased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,692 shares of the aerospace company’s stock after selling 59 shares during the period. Pitcairn Co.’s holdings in TransDigm Group were worth $3,412,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Motley Fool Asset Management LLC raised its position in shares of TransDigm Group by 18.6% during the 4th quarter. Motley Fool Asset Management LLC now owns 2,676 shares of the aerospace company’s stock valued at $3,391,000 after buying an additional 419 shares in the last quarter. Cinctive Capital Management LP purchased a new stake in TransDigm Group during the fourth quarter valued at approximately $9,288,000. Huntington National Bank lifted its stake in shares of TransDigm Group by 14.9% in the 4th quarter. Huntington National Bank now owns 894 shares of the aerospace company’s stock valued at $1,133,000 after purchasing an additional 116 shares during the last quarter. Kesler Norman & Wride LLC purchased a new position in shares of TransDigm Group in the 4th quarter worth approximately $375,000. Finally, Meeder Advisory Services Inc. increased its position in shares of TransDigm Group by 5.1% during the 4th quarter. Meeder Advisory Services Inc. now owns 1,062 shares of the aerospace company’s stock valued at $1,346,000 after purchasing an additional 52 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on TDG shares. Citigroup boosted their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Wells Fargo & Company boosted their target price on TransDigm Group from $1,500.00 to $1,580.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a report on Monday, February 24th. Finally, Susquehanna boosted their price objective on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a report on Wednesday. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,480.12.

Insider Activity

In other news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Small sold 40,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the transaction, the director now owns 98,185 shares in the company, valued at approximately $132,138,354.85. This trade represents a 28.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,594 shares of company stock worth $165,646,468. Corporate insiders own 4.09% of the company’s stock.

TransDigm Group Stock Up 0.2 %

Shares of NYSE:TDG opened at $1,400.28 on Thursday. The firm has a 50 day moving average of $1,345.69 and a 200 day moving average of $1,330.65. The company has a market capitalization of $78.53 billion, a price-to-earnings ratio of 49.39, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the business posted $7.16 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current 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.