Axxcess Wealth Management LLC Lowers Position in TransDigm Group Incorporated (NYSE:TDG)

Axxcess Wealth Management LLC lessened its position in TransDigm Group Incorporated (NYSE:TDG) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 317 shares of the aerospace company’s stock after selling 19 shares during the quarter. Axxcess Wealth Management LLC’s holdings in TransDigm Group were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in TransDigm Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company’s stock valued at $4,977,008,000 after buying an additional 104,433 shares in the last quarter. Deutsche Bank AG increased its position in TransDigm Group by 1,947.8% during the 3rd quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock valued at $2,859,376,000 after buying an additional 3,225,771 shares in the last quarter. FMR LLC increased its position in TransDigm Group by 9.0% during the 3rd quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock valued at $1,392,355,000 after buying an additional 136,834 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of TransDigm Group by 46.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock worth $933,765,000 after purchasing an additional 349,409 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of TransDigm Group by 0.8% in the 3rd quarter. Morgan Stanley now owns 650,127 shares of the aerospace company’s stock worth $548,144,000 after purchasing an additional 4,989 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director Michael Graff sold 3,460 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the sale, the director now directly owns 4,879 shares in the company, valued at $5,406,761.43. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,439,160. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael Graff sold 3,460 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the completion of the sale, the director now owns 4,879 shares in the company, valued at $5,406,761.43. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,087 shares of company stock valued at $69,840,358. Insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

TDG has been the subject of several research analyst reports. Susquehanna lifted their price objective on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a report on Wednesday. Barclays lifted their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Robert W. Baird lifted their target price on TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank of Canada lifted their target price on TransDigm Group from $1,300.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Stifel Nicolaus lifted their target price on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a research report on Wednesday, April 17th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,289.94.

TransDigm Group Trading Up 0.4 %

Shares of TransDigm Group stock opened at $1,315.00 on Thursday. The stock has a 50 day moving average of $1,217.21 and a 200 day moving average of $1,083.86. TransDigm Group Incorporated has a 12 month low of $766.00 and a 12 month high of $1,328.15. The firm has a market cap of $73.13 billion, a PE ratio of 55.81, a PEG ratio of 2.63 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the company earned $5.39 earnings per share. The firm’s revenue was up 20.5% on a year-over-year basis. As a group, equities research analysts forecast that TransDigm Group Incorporated will post 29.08 earnings per share for the current fiscal year.

TransDigm Group 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.