Headlands Technologies LLC Invests $887,000 in TransDigm Group Incorporated (NYSE:TDG)

Headlands Technologies LLC acquired a new position in TransDigm Group Incorporated (NYSE:TDG) during the second quarter, according to its most recent filing with the SEC. The firm acquired 694 shares of the aerospace company’s stock, valued at approximately $887,000.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of TransDigm Group by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock worth $7,447,587,000 after buying an additional 58,243 shares during the last quarter. Capital World Investors grew its position in shares of TransDigm Group by 14.3% in the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after buying an additional 442,182 shares during the last quarter. Capital Research Global Investors grew its position in shares of TransDigm Group by 1.6% in the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock worth $2,420,882,000 after buying an additional 30,393 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of TransDigm Group by 13.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after purchasing an additional 192,962 shares during the period. Finally, Norges Bank purchased a new position in shares of TransDigm Group in the 4th quarter valued at approximately $790,822,000. 95.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,019,981.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,019,981.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,073 shares of company stock worth $34,795,388. 4.96% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on TransDigm Group from $1,435.00 to $1,524.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Bank of America raised their target price on TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. UBS Group lowered their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Wednesday, August 7th. Finally, Northcoast Research started coverage on TransDigm Group in a research note on Thursday, August 1st. They issued a “neutral” rating for the company. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,438.24.

TransDigm Group Stock Up 1.3 %

NYSE TDG opened at $1,328.03 on Thursday. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,380.83. The business has a 50-day moving average price of $1,278.73 and a 200-day moving average price of $1,265.94. The firm has a market cap of $74.52 billion, a price-to-earnings ratio of 52.68, a price-to-earnings-growth ratio of 2.04 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the business posted $6.55 earnings per share. The firm’s revenue was up 17.3% on a year-over-year basis. Research analysts expect that TransDigm Group Incorporated will post 30.69 EPS for the current fiscal year.

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.