Shares of TransDigm Group Incorporated (NYSE:TDG) bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its holdings in TransDigm Group Incorporated (NYSE:TDG – Free Report) by 113.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,656 shares of the aerospace company’s stock after acquiring an additional 7,260 shares during the period. Los Angeles Capital Management LLC’s holdings in TransDigm Group were worth $17,447,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Fortitude Family Office LLC grew its position in TransDigm Group by 283.3% in the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 17 shares during the last quarter. ORG Partners LLC bought a new stake in shares of TransDigm Group in the first quarter worth $30,000. VisionPoint Advisory Group LLC purchased a new position in shares of TransDigm Group in the 4th quarter valued at $37,000. Central Pacific Bank Trust Division acquired a new stake in shares of TransDigm Group in the first quarter worth $39,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of TransDigm Group in the fourth quarter valued at $43,000. 95.78% of shares are currently owned by institutional investors.

The performance of TransDigm Group shares

NYSE:TDG opened at $1,294.17 on Friday. The company has a market cap of $72.62 billion, a P/E ratio of 51.34, a P/E/G ratio of 2.14 and a beta of 1.42. The stock’s 50-day moving average price is $1,276.20 and its 200-day moving average price is $1,263.25. TransDigm Group Incorporated has a 52-week low of $802.46 and a 52-week high of $1,380.83.

TransDigm Group (NYSE:TDG – Get Your Free Report ) last announced its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping the consensus estimate of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. In the same quarter in the previous year, the business posted EPS of $6.55. TransDigm Group’s quarterly revenues increased by 17.3% year-on-year. As a group, sell-side analysts predict that TransDigm Group Incorporated will post 30.57 earnings per share for the current fiscal year.

Changes in Analyst Ratings

Several analysts have issued reports on TDG shares. Northcoast Research assumed coverage on TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating on the stock. Morgan Stanley upped their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Barclays raised their price objective on shares of TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Monday, May 13th. Wells Fargo & Company cut their price target on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Finally, Bank of America boosted their price target on TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. TransDigm Group presently has an average rating of “Moderate Buy” and an average target price of $1,438.24, according to MarketBeat.com.

Check out the latest stock analysis on TransDigm Group

Insiders place their bets

In other TransDigm Group news, Director Robert J. Small sold 21,210 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1,315.87, for a total value of $27,909,602.70. Following the completion of the sale, the director now owns 100,962 shares of the company’s stock, valued at $132,852,866.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. In other news, Director Robert J. Small sold 21,210 shares of TransDigm Group stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $1,315.87, for a total value of $27,909,602.70. Following the transaction, the director now owns 100,962 shares of the company’s stock, valued at $132,852,866.94. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,019,981.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,783 shares of company stock worth $92,191,316. 4.96% of shares are currently owned by insiders.

TransDigm group profile

(Free report)

TransDigm Group Incorporated designs, manufactures 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 conditioners, specialized AC/DC electric motors and generators, batteries and chargers, data bus and power controls, sensor products, switch and relay panels, hoists, winches and hoists, and cargo loading and handling systems.

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