American Century Companies Inc. Sells 8,672 Shares of TransDigm Group Incorporated (NYSE:TDG)

American Century Companies Inc. trimmed its stake in TransDigm Group Incorporated (NYSE:TDG) by 3.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 217,181 shares of the aerospace company’s stock after selling 8,672 shares during the period. American Century Companies Inc.’s holdings in TransDigm Group were worth $277,473,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Fortitude Family Office LLC lifted its stake 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 worth $29,000 after acquiring an additional 17 shares during the last quarter. ORG Partners LLC bought a new stake in shares of TransDigm Group during the 1st quarter worth approximately $30,000. Central Pacific Bank Trust Division bought a new stake in shares of TransDigm Group during the 1st quarter worth approximately $39,000. Frazier Financial Advisors LLC bought a new stake in shares of TransDigm Group during the 4th quarter worth approximately $43,000. Finally, Crewe Advisors LLC bought a new stake in shares of TransDigm Group during the 1st quarter worth approximately $46,000. 95.78% of the stock is owned by institutional investors.

TransDigm Group Stock Performance

Shares of TDG opened at $1,328.03 on Thursday. The stock has a 50-day moving average of $1,278.73 and a two-hundred day moving average of $1,265.94. TransDigm Group Incorporated has a one year low of $802.46 and a one year high of $1,380.83. The stock has a market cap of $74.52 billion, a P/E ratio of 52.68, a P/E/G ratio of 2.04 and a beta of 1.42.

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. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.55 EPS. Analysts predict that TransDigm Group Incorporated will post 30.69 EPS for the current fiscal year.

Insider Activity

In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,186,078.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,186,078.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. The disclosure for this sale can be found here. Insiders sold a total of 28,073 shares of company stock valued at $34,795,388 in the last quarter. 4.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group reduced their price objective 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. Wells Fargo & Company reduced their price objective on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Susquehanna raised their price objective on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price objective on TransDigm Group from $1,350.00 to $1,435.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus target price of $1,438.24.

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.