Crewe Advisors LLC Acquires New Shares in TransDigm Group Incorporated (NYSE:TDG)

Crewe Advisors LLC bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG) during the 1st quarter, Holdings Channel.com reports. The firm bought 37 shares of the aerospace company’s stock, valued at approximately $46,000.

Other hedge funds have also recently bought and sold shares of the company. Pitcairn Co. acquired a new position in shares of TransDigm Group during the 1st quarter valued at about $245,000. CANADA LIFE ASSURANCE Co raised its position in shares of TransDigm Group by 4.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 19,322 shares of the aerospace company’s stock valued at $23,781,000 after purchasing an additional 819 shares during the period. National Bank of Canada FI lifted its stake in shares of TransDigm Group by 21.0% in the first quarter. National Bank of Canada FI now owns 24,478 shares of the aerospace company’s stock worth $32,067,000 after buying an additional 4,253 shares during the last quarter. Bluegrass Capital Partners LP boosted its holdings in shares of TransDigm Group by 4.8% during the 1st quarter. Bluegrass Capital Partners LP now owns 11,000 shares of the aerospace company’s stock worth $13,548,000 after buying an additional 500 shares during the period. Finally, Lake Street Advisors Group LLC grew its stake in TransDigm Group by 127.2% in the 1st quarter. Lake Street Advisors Group LLC now owns 711 shares of the aerospace company’s stock valued at $875,000 after buying an additional 398 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Price Performance

Shares of TDG traded up $12.11 on Friday, hitting $1,240.53. The company’s stock had a trading volume of 41,253 shares, compared to its average volume of 221,501. The company has a market capitalization of $69.42 billion, a PE ratio of 48.73, a PEG ratio of 2.09 and a beta of 1.38. TransDigm Group Incorporated has a fifty-two week low of $802.46 and a fifty-two week high of $1,369.57. The company has a 50 day moving average price of $1,298.63 and a 200 day moving average price of $1,219.30.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.42 by $0.57. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.39 EPS. On average, equities analysts forecast that TransDigm Group Incorporated will post 30.21 EPS for the current year.

Insider Buying and Selling

In other news, insider Jessica L. Warren sold 925 shares of TransDigm Group stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the sale, the insider now directly owns 50 shares of the company’s stock, valued at approximately $66,967. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,292.89, for a total value of $12,928,900.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,547,396.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jessica L. Warren sold 925 shares of TransDigm Group stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the sale, the insider now directly owns 50 shares of the company’s stock, valued at approximately $66,967. The disclosure for this sale can be found here. Insiders sold 105,905 shares of company stock worth $137,900,519 in the last quarter. Insiders own 4.96% of the company’s stock.

Wall Street Analyst Weigh In

TDG has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Robert W. Baird raised their target price on TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. TD Cowen lifted their price target on TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Citigroup increased their price objective on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, Stifel Nicolaus upped their target price on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research note on Friday, June 7th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,417.69.

About TransDigm Group

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.