TransDigm Group Incorporated (NYSE:TDG) Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC reduced its holdings in TransDigm Group Incorporated (NYSE:TDG – Get Rating) by 6.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 39,197 shares of the aerospace company’s stock after selling 2,553 shares during the quarter. GW&K Investment Management LLC’s holdings in TransDigm Group were worth $24,680,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of TransDigm Group by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,602,332 shares of the aerospace company’s stock worth $3,650,144,000 after buying an additional 117,137 shares during the last quarter. BlackRock Inc. raised its position in shares of TransDigm Group by 1.3% during the 3rd quarter. BlackRock Inc. now owns 4,790,298 shares of the aerospace company’s stock worth $2,514,044,000 after purchasing an additional 60,702 shares during the period. Lone Pine Capital LLC acquired a new stake in shares of TransDigm Group during the 3rd quarter worth approximately $387,067,000. Fred Alger Management LLC raised its position in shares of TransDigm Group by 1.3% during the 3rd quarter. Fred Alger Management LLC now owns 514,129 shares of the aerospace company’s stock worth $269,826,000 after purchasing an additional 6,709 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of TransDigm Group by 3.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 277,731 shares of the aerospace company’s stock worth $180,953,000 after purchasing an additional 9,870 shares during the period. 96.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Barclays increased their price target on TransDigm Group from $840.00 to $930.00 in a research report on Sunday, May 14th. Credit Suisse Group upped their price target on shares of TransDigm Group from $830.00 to $841.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 22nd. Robert W. Baird upped their price target on shares of TransDigm Group from $767.00 to $960.00 in a research report on Wednesday, May 10th. Wells Fargo & Company upped their price target on shares of TransDigm Group from $725.00 to $840.00 in a research report on Thursday, May 11th. Finally, Bank of America boosted their price objective on TransDigm Group from $890.00 to $980.00 in a research report on Tuesday, May 16th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $834.71.

TransDigm Group Stock Up 0.9 %

Shares of TDG stock opened at $786.71 on Friday. The stock has a 50-day simple moving average of $757.69 and a 200 day simple moving average of $702.05. TransDigm Group Incorporated has a fifty-two week low of $499.63 and a fifty-two week high of $831.58. The stock has a market capitalization of $43.21 billion, a P/E ratio of 47.02, a P/E/G ratio of 1.44 and a beta of 1.37.

TransDigm Group (NYSE:TDG – Get Rating) last announced its earnings results on Tuesday, May 9th. The aerospace company reported $5.98 earnings per share for the quarter, beating the consensus estimate of $4.98 by $1.00. TransDigm Group had a negative return on equity of 34.11% and a net margin of 17.57%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the business posted $3.29 earnings per share. The company’s quarterly revenue was up 20.0% on a year-over-year basis. On average, sell-side analysts anticipate that TransDigm Group Incorporated will post 21.57 earnings per share for the current year.

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 3,250 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $800.76, for a total transaction of $2,602,470.00. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $17,254,776.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director W Nicholas Howley sold 3,250 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $800.76, for a total transaction of $2,602,470.00. Following the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $17,254,776.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sarah Wynne sold 180 shares of the business’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $720.41, for a total value of $129,673.80. Following the sale, the chief accounting officer now directly owns 700 shares in the company, valued at $504,287. The disclosure for this sale can be found here. Insiders sold a total of 26,074 shares of company stock valued at $19,663,423 over the last ninety days. Insiders own 7.18% of the company’s stock.

TransDigm Group Company Profile

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TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe, and Non-Aviation. The Power and Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.