TransDigm Group Incorporated (TDG) is Delta Investment Management LLC’s Largest Position

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Delta Investment Management LLC boosted its position in TransDigm Group Incorporated (NYSE:TDG) by 1.2% in the 1st quarter, Holdings Channel reports. The firm owned 21,185 shares of the aerospace company’s stock after acquiring an additional 241 shares during the quarter. TransDigm Group accounts for about 8.4% of Delta Investment Management LLC’s portfolio, making the stock its largest position. Delta Investment Management LLC’s holdings in TransDigm Group were worth $9,617,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TDG. Lenox Wealth Management Inc. acquired a new stake in shares of TransDigm Group in the 1st quarter worth $25,000. Pinnacle Bank purchased a new position in shares of TransDigm Group during the 4th quarter worth $37,000. Machina Capital S.A.S. purchased a new position in shares of TransDigm Group during the 4th quarter worth $39,000. JOYN Advisors Inc. grew its holdings in shares of TransDigm Group by 33.3% during the 4th quarter. JOYN Advisors Inc. now owns 132 shares of the aerospace company’s stock worth $45,000 after purchasing an additional 33 shares during the period. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in shares of TransDigm Group by 100.0% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 144 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 72 shares during the period.

A number of research firms have recently weighed in on TDG. JPMorgan Chase & Co. increased their price target on TransDigm Group from $465.00 to $515.00 and gave the stock an “underweight” rating in a report on Tuesday. Credit Suisse Group increased their price target on TransDigm Group from $476.00 to $539.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Canaccord Genuity reiterated a “buy” rating and set a $520.00 price target (up from $460.00) on shares of TransDigm Group in a report on Wednesday, May 8th. Zacks Investment Research upgraded TransDigm Group from a “hold” rating to a “buy” rating and set a $513.00 price target for the company in a report on Tuesday, April 16th. Finally, Longbow Research began coverage on TransDigm Group in a report on Tuesday, April 9th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $454.64.

TransDigm Group stock traded down $12.61 during midday trading on Wednesday, reaching $454.84. 13,571 shares of the stock traded hands, compared to its average volume of 279,222. The stock has a market capitalization of $24.69 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01. TransDigm Group Incorporated has a 12-month low of $307.36 and a 12-month high of $489.95.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $4.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.48. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.11 billion. TransDigm Group had a negative return on equity of 50.29% and a net margin of 19.44%. The business’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.79 EPS. Equities research analysts anticipate that TransDigm Group Incorporated will post 16.12 EPS for the current year.

In other news, EVP Jorge Valladares sold 5,000 shares of TransDigm Group stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $436.99, for a total value of $2,184,950.00. Following the completion of the transaction, the executive vice president now owns 14,000 shares in the company, valued at approximately $6,117,860. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman W Nicholas Howley sold 17,083 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $430.45, for a total value of $7,353,377.35. The disclosure for this sale can be found here. Insiders sold a total of 69,793 shares of company stock valued at $31,178,900 in the last quarter. Company insiders own 11.00% of the company’s stock.

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TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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

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