Summit Investment Advisors Inc. Has $694,000 Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Summit Investment Advisors Inc. reduced its position in TransDigm Group Incorporated (NYSE:TDG) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 548 shares of the aerospace company’s stock after selling 20 shares during the period. Summit Investment Advisors Inc.’s holdings in TransDigm Group were worth $694,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in TransDigm Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company’s stock worth $7,946,863,000 after purchasing an additional 79,284 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of TransDigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after purchasing an additional 206,822 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after buying an additional 185,422 shares during the period. FMR LLC raised its stake in shares of TransDigm Group by 0.3% during the fourth quarter. FMR LLC now owns 1,925,595 shares of the aerospace company’s stock worth $2,440,268,000 after buying an additional 5,414 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in TransDigm Group by 14.1% in the fourth quarter. Geode Capital Management LLC now owns 1,293,282 shares of the aerospace company’s stock valued at $1,636,409,000 after buying an additional 159,839 shares during the period. Institutional investors own 95.78% of the company’s stock.

Insider Activity

In related news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $11,046,584.64. This trade represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $1,346.30, for a total value of $7,366,953.60. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at $29,010,072.40. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,594 shares of company stock valued at $167,165,496 in the last quarter. Company insiders own 4.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a report on Monday, February 24th. Susquehanna raised their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Wednesday, April 2nd. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company decreased their price objective on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating for the company in a report on Tuesday. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,464.41.

TransDigm Group Trading Down 0.1 %

Shares of TDG stock opened at $1,335.27 on Friday. The firm has a market capitalization of $74.89 billion, a P/E ratio of 47.10, a PEG ratio of 2.76 and a beta of 1.08. The firm’s fifty day moving average price is $1,336.96 and its two-hundred day moving average price is $1,322.04. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating 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 the consensus estimate of $2.03 billion. During the same period last year, the company earned $7.16 earnings per share. The business’s revenue was up 12.1% compared to the same quarter last year. As a group, equities research analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal 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.