OLD National Bancorp IN Sells 10 Shares of TransDigm Group Incorporated (NYSE:TDG)

OLD National Bancorp IN reduced its stake in TransDigm Group Incorporated (NYSE:TDG) by 2.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 466 shares of the aerospace company’s stock after selling 10 shares during the quarter. OLD National Bancorp IN’s holdings in TransDigm Group were worth $471,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Compagnie Lombard Odier SCmA purchased a new stake in TransDigm Group in the 4th quarter valued at $25,000. Oakworth Capital Inc. purchased a new stake in TransDigm Group in the 4th quarter valued at $26,000. Optiver Holding B.V. purchased a new stake in TransDigm Group in the 3rd quarter valued at $35,000. Oliver Lagore Vanvalin Investment Group raised its position in TransDigm Group by 48.0% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after buying an additional 12 shares during the last quarter. Finally, Impact Partnership Wealth LLC purchased a new stake in TransDigm Group in the 3rd quarter valued at $41,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on TDG. Susquehanna increased their price target on TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. lifted their price objective on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. KeyCorp lifted their price objective on TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday. Finally, The Goldman Sachs Group lifted their price objective on TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus price target of $1,170.27.

TransDigm Group Stock Down 0.1 %

TDG stock opened at $1,241.62 on Thursday. The firm has a market capitalization of $69.05 billion, a PE ratio of 52.70, a PEG ratio of 2.53 and a beta of 1.42. TransDigm Group Incorporated has a twelve month low of $741.74 and a twelve month high of $1,255.59. The stock has a 50-day simple moving average of $1,198.81 and a two-hundred day simple moving average of $1,055.92.

TransDigm Group (NYSE:TDG) last posted its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating analysts’ consensus estimates of $6.41 by $0.75. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.15 EPS. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 29.08 EPS for the current fiscal year.

Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $3,834,268.20. Following the completion of the sale, the director now owns 4,879 shares of the company’s stock, valued at $5,406,761.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,087 shares of company stock valued at $69,840,358. 4.96% of the stock is owned by corporate insiders.

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.