Pinnacle Wealth Management Advisory Group LLC Acquires New Holdings in TransDigm Group Incorporated (NYSE:TDG)

Pinnacle Wealth Management Advisory Group LLC bought a new position in TransDigm Group Incorporated (NYSE:TDG) in the 4th quarter, Holdings Channel.com reports. The fund bought 208 shares of the aerospace company’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Compagnie Lombard Odier SCmA bought a new position in TransDigm Group during the fourth quarter valued at about $25,000. Oakworth Capital Inc. acquired a new stake in shares of TransDigm Group in the fourth quarter valued at about $26,000. Optiver Holding B.V. acquired a new position in shares of TransDigm Group during the 3rd quarter worth about $35,000. Oliver Lagore Vanvalin Investment Group boosted its stake in TransDigm Group by 48.0% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 12 shares during the period. Finally, Valley National Advisers Inc. grew its holdings in TransDigm Group by 26.1% in the 3rd quarter. Valley National Advisers Inc. now owns 58 shares of the aerospace company’s stock valued at $49,000 after buying an additional 12 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TDG. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. The Goldman Sachs Group upped their price target on TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Stifel Nicolaus boosted their price objective on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. raised their target price on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Finally, KeyCorp increased their price objective on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,311.81.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $9,921,433.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $9,921,433.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,439,160. The disclosure for this sale can be found here. In the last quarter, insiders acquired 11 shares of company stock valued at $5,950 and sold 59,088 shares valued at $69,841,110. Insiders own 4.96% of the company’s stock.

TransDigm Group Trading Up 0.3 %

TDG stock opened at $1,318.86 on Friday. The business’s 50 day simple moving average is $1,222.89 and its 200 day simple moving average is $1,087.09. TransDigm Group Incorporated has a 1-year low of $768.05 and a 1-year high of $1,330.38. The firm has a market capitalization of $73.34 billion, a PE ratio of 55.98, a PEG ratio of 2.63 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the company earned $5.39 earnings per share. As a group, sell-side analysts predict that TransDigm Group Incorporated will post 29.08 EPS for the current fiscal year.

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.