First Trust Direct Indexing L.P. Acquires 190 Shares of TransDigm Group Incorporated (NYSE:TDG)

First Trust Direct Indexing L.P. increased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 22.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,029 shares of the aerospace company’s stock after purchasing an additional 190 shares during the period. First Trust Direct Indexing L.P.’s holdings in TransDigm Group were worth $1,267,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TDG. Vanguard Group Inc. lifted its stake in shares of TransDigm Group by 1.8% in the third 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 during the period. Capital World Investors lifted its stake in shares of TransDigm Group by 4.0% in the fourth quarter. Capital World Investors now owns 3,093,357 shares of the aerospace company’s stock valued at $3,129,240,000 after buying an additional 120,058 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of TransDigm Group by 46.1% in the third quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock valued at $933,765,000 after buying an additional 349,409 shares during the period. Norges Bank bought a new stake in shares of TransDigm Group in the fourth quarter valued at about $790,822,000. Finally, Morgan Stanley lifted its stake in shares of TransDigm Group by 0.8% in the third quarter. Morgan Stanley now owns 650,127 shares of the aerospace company’s stock valued at $548,144,000 after buying an additional 4,989 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director W Nicholas Howley sold 197 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total transaction of $259,673.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other TransDigm Group news, Director W Nicholas Howley sold 197 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were 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 directly owns 8,158 shares in the company, valued at $9,921,433.28. The disclosure for this sale can be found here. Insiders have sold 100,833 shares of company stock valued at $131,249,183 over the last three months. 4.96% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TDG has been the subject of several recent research reports. UBS Group increased their price target on shares of TransDigm Group from $1,403.00 to $1,466.00 and gave the stock a “neutral” rating in a research report on Monday. Robert W. Baird increased their price target on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research report on Thursday, June 27th. The Goldman Sachs Group increased their price target on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. increased their price target on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,414.06.

TransDigm Group Stock Performance

Shares of NYSE TDG traded up $5.40 during mid-day trading on Thursday, hitting $1,283.50. 108,123 shares of the stock were exchanged, compared to its average volume of 273,549. The company has a market cap of $71.82 billion, a P/E ratio of 50.91, a PEG ratio of 2.16 and a beta of 1.38. The stock’s fifty day simple moving average is $1,306.39 and its two-hundred day simple moving average is $1,191.47. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,369.57.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating the consensus estimate of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the firm earned $5.39 earnings per share. TransDigm Group’s revenue was up 20.5% compared to the same quarter last year. As a group, equities research analysts predict that TransDigm Group Incorporated will post 30.04 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.