Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,603 Shares of TransDigm Group Incorporated (NYSE:TDG)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,694 shares of the aerospace company’s stock after purchasing an additional 1,603 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of TransDigm Group worth $43,048,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TDG. Fortitude Family Office LLC grew its holdings in shares of TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 17 shares during the last quarter. ORG Partners LLC purchased a new position in shares of TransDigm Group in the first quarter worth about $30,000. Central Pacific Bank Trust Division bought a new stake in shares of TransDigm Group in the 1st quarter valued at about $39,000. VisionPoint Advisory Group LLC purchased a new stake in TransDigm Group during the 4th quarter valued at about $37,000. Finally, Crewe Advisors LLC bought a new position in TransDigm Group during the 1st quarter worth approximately $46,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

NYSE:TDG traded up $31.31 during mid-day trading on Thursday, hitting $1,364.37. 255,621 shares of the company’s stock were exchanged, compared to its average volume of 250,542. The company has a market cap of $76.55 billion, a PE ratio of 54.12, a P/E/G ratio of 2.06 and a beta of 1.38. TransDigm Group Incorporated has a one year low of $802.46 and a one year high of $1,376.16. The business has a fifty day moving average price of $1,271.09 and a 200 day moving average price of $1,253.27.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the firm posted $6.55 EPS. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities analysts forecast that TransDigm Group Incorporated will post 30.58 EPS for the current fiscal year.

Insider Activity

In related news, insider Jessica L. Warren sold 925 shares of the stock in a transaction dated Thursday, June 6th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,469,760. The transaction was disclosed in a legal filing 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 dated 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 owns 50 shares of the company’s stock, valued at $66,967. The disclosure for this sale can be found here. Insiders sold 102,708 shares of company stock worth $133,146,005 over the last three months. 4.96% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TDG shares. Susquehanna increased their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Royal Bank of Canada reissued an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Wednesday, August 7th. TD Cowen boosted their price objective on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Robert W. Baird increased their target price on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Finally, UBS Group reduced their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and an average price target of $1,422.94.

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.