Wedge Capital Management L L P NC Purchases 75,784 Shares of TransDigm Group Incorporated (NYSE:TDG)

Wedge Capital Management L L P NC raised its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 2,361.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,993 shares of the aerospace company’s stock after purchasing an additional 75,784 shares during the period. TransDigm Group accounts for approximately 1.4% of Wedge Capital Management L L P NC’s holdings, making the stock its 5th biggest position. Wedge Capital Management L L P NC owned approximately 0.14% of TransDigm Group worth $79,909,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TDG. Compagnie Lombard Odier SCmA acquired a new stake in TransDigm Group in the fourth quarter worth about $25,000. Oakworth Capital Inc. acquired a new stake in shares of TransDigm Group in the 4th quarter worth approximately $26,000. Optiver Holding B.V. bought a new position in shares of TransDigm Group in the third quarter valued at approximately $35,000. Oliver Lagore Vanvalin Investment Group increased its stake in shares of TransDigm Group by 48.0% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 12 shares during the period. Finally, Impact Partnership Wealth LLC bought a new stake in TransDigm Group during the third quarter worth approximately $41,000. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Up 1.1 %

NYSE:TDG traded up $13.23 on Monday, hitting $1,200.93. 147,724 shares of the company’s stock traded hands, compared to its average volume of 206,985. The company has a market cap of $66.78 billion, a PE ratio of 50.45, a price-to-earnings-growth ratio of 2.42 and a beta of 1.42. TransDigm Group Incorporated has a 1 year low of $741.74 and a 1 year high of $1,248.39. The firm has a 50-day moving average price of $1,192.72 and a 200-day moving average price of $1,049.31.

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

Insider Buying and Selling

In other news, Director Jorge Valladares sold 578 shares of TransDigm Group stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $1,180.00, for a total transaction of $682,040.00. Following the completion of the sale, the director now directly owns 11,000 shares in the company, valued at approximately $12,980,000. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $1,140.48, for a total transaction of $3,421,440.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,105,728. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jorge Valladares sold 578 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $1,180.00, for a total value of $682,040.00. Following the completion of the sale, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $12,980,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,087 shares of company stock worth $69,840,358. Corporate insiders own 4.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TDG. Susquehanna increased their price target on TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. Royal Bank of Canada raised their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Stifel Nicolaus boosted their target price on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. Finally, KeyCorp increased their target price on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,170.27.

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.