OLD National Bancorp IN Acquires 48 Shares of TransDigm Group Incorporated (NYSE:TDG)

OLD National Bancorp IN grew its holdings in TransDigm Group Incorporated (NYSE:TDG) by 10.3% during the 2nd quarter, Holdings Channel reports. The fund owned 514 shares of the aerospace company’s stock after buying an additional 48 shares during the period. OLD National Bancorp IN’s holdings in TransDigm Group were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of TDG. Whittier Trust Co. of Nevada Inc. grew its stake in shares of TransDigm Group by 0.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock valued at $1,190,000 after acquiring an additional 8 shares during the period. Team Hewins LLC increased its stake in shares of TransDigm Group by 3.0% in the first quarter. Team Hewins LLC now owns 275 shares of the aerospace company’s stock worth $339,000 after purchasing an additional 8 shares in the last quarter. Souders Financial Advisors increased its stake in shares of TransDigm Group by 1.1% in the first quarter. Souders Financial Advisors now owns 767 shares of the aerospace company’s stock worth $945,000 after purchasing an additional 8 shares in the last quarter. Bennett Selby Investments LP lifted its stake in shares of TransDigm Group by 2.4% during the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock valued at $429,000 after buying an additional 8 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in shares of TransDigm Group by 1.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock valued at $577,000 after buying an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

TDG has been the topic of a number of recent analyst reports. StockNews.com cut TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday. Deutsche Bank Aktiengesellschaft boosted their price target 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Wednesday. Barclays boosted their target price on shares of TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Monday, May 13th. Finally, Northcoast Research started coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They set a “neutral” rating for the company. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,417.19.

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 5,073 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at $26,769,080.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director W Nicholas Howley sold 5,073 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $26,769,080.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total transaction of $12,486,000.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,186,078.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 105,708 shares of company stock valued at $137,640,845. Company insiders own 4.96% of the company’s stock.

TransDigm Group Stock Up 1.3 %

TDG traded up $16.24 on Friday, hitting $1,247.36. The company had a trading volume of 172,042 shares, compared to its average volume of 226,832. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,369.57. The business’s fifty day simple moving average is $1,279.49 and its 200 day simple moving average is $1,235.26. The company has a market cap of $69.80 billion, a PE ratio of 49.48, a PEG ratio of 2.07 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last announced its 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 firm 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 66.65% and a net margin of 21.83%. The company’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.55 EPS. On average, analysts anticipate that TransDigm Group Incorporated will post 30.21 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.