Promus Capital LLC Purchases New Shares in TransDigm Group Incorporated (NYSE:TDG)

Promus Capital LLC bought a new position in TransDigm Group Incorporated (NYSE:TDG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 298 shares of the aerospace company’s stock, valued at approximately $378,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TDG. First Personal Financial Services purchased a new stake in TransDigm Group in the third quarter worth $29,000. Erste Asset Management GmbH purchased a new stake in TransDigm Group in the third quarter worth $29,000. Capital Advisors Ltd. LLC increased its stake in TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 16 shares during the period. Trust Co. of Vermont increased its stake in TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares during the period. Finally, Versant Capital Management Inc increased its stake in TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 18 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,525,524. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,647 shares of company stock valued at $155,847,223. 4.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a research note on Monday, February 24th. Barclays restated an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Finally, StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,472.47.

TransDigm Group Stock Performance

Shares of NYSE TDG opened at $1,376.10 on Thursday. The company has a market cap of $77.18 billion, a PE ratio of 48.54, a P/E/G ratio of 2.76 and a beta of 1.38. The business has a 50-day simple moving average of $1,318.10 and a two-hundred day simple moving average of $1,326.26. TransDigm Group Incorporated has a fifty-two week low of $1,136.27 and a fifty-two week high of $1,451.32.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $7.16 earnings per share. On average, sell-side analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

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.