Telemus Capital LLC Purchases 73 Shares of TransDigm Group Incorporated (NYSE:TDG)

Telemus Capital LLC boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,000 shares of the aerospace company’s stock after buying an additional 73 shares during the period. Telemus Capital LLC’s holdings in TransDigm Group were worth $2,024,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of TransDigm Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company’s stock worth $4,977,008,000 after buying an additional 104,433 shares during the last quarter. Deutsche Bank AG increased its stake in TransDigm Group by 1,947.8% in the third quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock valued at $2,859,376,000 after acquiring an additional 3,225,771 shares during the last quarter. FMR LLC increased its stake in TransDigm Group by 9.0% in the third quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock valued at $1,392,355,000 after acquiring an additional 136,834 shares during the last quarter. JPMorgan Chase & Co. raised its position in TransDigm Group by 46.1% during the third quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock valued at $933,765,000 after purchasing an additional 349,409 shares in the last quarter. Finally, Morgan Stanley lifted its stake in TransDigm Group by 0.8% during the third quarter. Morgan Stanley now owns 650,127 shares of the aerospace company’s stock worth $548,144,000 after purchasing an additional 4,989 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,439,160. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred 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 directly owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,439,160. The disclosure for this sale can be found here. Insiders sold a total of 59,087 shares of company stock worth $69,840,358 in the last quarter. 4.96% of the stock is owned by company insiders.

TransDigm Group Stock Performance

TDG stock traded down $0.16 on Monday, reaching $1,187.54. The company’s stock had a trading volume of 36,197 shares, compared to its average volume of 205,512. TransDigm Group Incorporated has a 12-month low of $741.74 and a 12-month high of $1,248.39. The firm has a market cap of $66.03 billion, a PE ratio of 50.45, a PEG ratio of 2.42 and a beta of 1.42. The business has a fifty day simple moving average of $1,192.72 and a two-hundred day simple moving average of $1,049.31.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.41 by $0.75. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. TransDigm Group’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.15 earnings per share. As a group, research analysts anticipate that TransDigm Group Incorporated will post 29.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TDG has been the topic of a number of research reports. Royal Bank of Canada raised their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a report on Friday, February 9th. The Goldman Sachs Group lifted their price target on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. upped their price objective on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. KeyCorp lifted their target price on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus price target of $1,170.27.

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.