Assenagon Asset Management S.A. Acquires 57 Shares of TransDigm Group Incorporated (NYSE:TDG)

Assenagon Asset Management S.A. boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDGFree Report) by 6.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 970 shares of the aerospace company’s stock after buying an additional 57 shares during the period. Assenagon Asset Management S.A.’s holdings in TransDigm Group were worth $1,195,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. boosted its stake in TransDigm Group by 1.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock valued at $577,000 after buying an additional 9 shares during the period. Quent Capital LLC lifted its stake in TransDigm Group by 8.8% during the fourth quarter. Quent Capital LLC now owns 123 shares of the aerospace company’s stock worth $124,000 after purchasing an additional 10 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in TransDigm Group by 5.9% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 180 shares of the aerospace company’s stock worth $197,000 after purchasing an additional 10 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in TransDigm Group by 14.5% during the fourth quarter. Venturi Wealth Management LLC now owns 87 shares of the aerospace company’s stock worth $88,000 after purchasing an additional 11 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in TransDigm Group by 12.2% during the first quarter. Global Retirement Partners LLC now owns 101 shares of the aerospace company’s stock worth $124,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

TDG has been the subject of several research analyst reports. UBS Group lifted their price target on TransDigm Group from $1,302.00 to $1,403.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Citigroup lifted their price objective on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Stifel Nicolaus lifted their price objective on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. The Goldman Sachs Group lifted their price objective on TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,327.44.

Get Our Latest Stock Analysis on TransDigm Group

Insiders Place Their Bets

In other TransDigm Group news, Director W Nicholas Howley sold 197 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total transaction of $259,673.58. The transaction was disclosed in a filing with the SEC, which is available at 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, Director W Nicholas Howley sold 197 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The disclosure for this sale can be found here. In the last quarter, insiders have bought 11 shares of company stock worth $5,950 and have sold 63,434 shares worth $76,847,440. Company insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

NYSE:TDG traded up $24.70 during mid-day trading on Tuesday, reaching $1,337.46. 212,446 shares of the company’s stock traded hands, compared to its average volume of 212,971. TransDigm Group Incorporated has a 12-month low of $768.05 and a 12-month high of $1,340.76. The firm has a market capitalization of $74.84 billion, a price-to-earnings ratio of 53.03, a PEG ratio of 2.47 and a beta of 1.40. The company has a 50 day moving average price of $1,240.28 and a 200-day moving average price of $1,113.59.

TransDigm Group (NYSE:TDGGet Free Report) last posted its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, topping 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 the consensus estimate of $1.88 billion. During the same quarter in the prior year, the business earned $5.39 EPS. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. As a group, analysts forecast that TransDigm Group Incorporated will post 29.96 EPS 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.

See Also

Want to see what other hedge funds are holding TDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TransDigm Group Incorporated (NYSE:TDGFree Report).

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

Receive News & Ratings for TransDigm Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group and related companies with MarketBeat.com's FREE daily email newsletter.