Miller Financial Services LLC Purchases Shares of 476 TransDigm Group Incorporated (NYSE:TDG)

Miller Financial Services LLC purchased a new stake in TransDigm Group Incorporated (NYSE:TDG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 476 shares of the aerospace company’s stock, valued at approximately $603,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Personal Financial Services bought a new position in shares of TransDigm Group in the 3rd quarter valued at about $29,000. Erste Asset Management GmbH bought a new position in shares of TransDigm Group in the 3rd quarter valued at about $29,000. Capital Advisors Ltd. LLC grew its holdings in shares of TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 16 shares in the last quarter. Trust Co. of Vermont grew its holdings in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 15 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 18 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Activity

In other news, Director Robert J. Small sold 40,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the completion of the sale, the director now directly owns 98,185 shares in the company, valued at approximately $132,138,354.85. The trade was a 28.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 181,647 shares of company stock worth $236,483,623. Corporate insiders own 4.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TDG shares. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a report on Monday, February 24th. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, Barclays reiterated an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,472.47.

TransDigm Group Stock Down 0.4 %

Shares of NYSE:TDG opened at $1,335.77 on Tuesday. TransDigm Group Incorporated has a 12-month low of $1,136.27 and a 12-month high of $1,451.32. The stock has a market cap of $74.92 billion, a PE ratio of 47.12, a P/E/G ratio of 2.76 and a beta of 1.38. The business has a 50 day moving average of $1,321.06 and a 200-day moving average of $1,327.03.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the business earned $7.16 earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. Equities research analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current 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.