Newbridge Financial Services Group Inc. Acquires Shares of 71 TransDigm Group Incorporated (NYSE:TDG)

Newbridge Financial Services Group Inc. acquired a new stake in TransDigm Group Incorporated (NYSE:TDG) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 71 shares of the aerospace company’s stock, valued at approximately $72,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of TransDigm Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company’s stock worth $4,977,008,000 after acquiring an additional 104,433 shares during the period. Capital World Investors grew its stake in shares of TransDigm Group by 4.0% during the 4th quarter. Capital World Investors now owns 3,093,357 shares of the aerospace company’s stock worth $3,129,240,000 after acquiring an additional 120,058 shares during the period. JPMorgan Chase & Co. grew its stake in shares of TransDigm Group by 46.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock worth $933,765,000 after acquiring an additional 349,409 shares during the period. Norges Bank bought a new position in shares of TransDigm Group during the 4th quarter worth $790,822,000. Finally, Morgan Stanley grew its stake in shares of TransDigm Group by 0.8% during the 3rd quarter. Morgan Stanley now owns 650,127 shares of the aerospace company’s stock worth $548,144,000 after acquiring an additional 4,989 shares during the period. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Up 0.4 %

Shares of TDG stock traded up $5.88 during trading hours on Tuesday, reaching $1,324.79. The company’s stock had a trading volume of 15,586 shares, compared to its average volume of 210,117. The stock has a market capitalization of $74.14 billion, a P/E ratio of 52.32, a P/E/G ratio of 2.20 and a beta of 1.39. TransDigm Group Incorporated has a one year low of $802.46 and a one year high of $1,369.57. The firm’s fifty day simple moving average is $1,285.87 and its 200 day simple moving average is $1,165.60.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data 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 firm 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 63.35% and a net margin of 21.22%. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period last year, the company earned $5.39 EPS. As a group, equities research analysts forecast that TransDigm Group Incorporated will post 29.99 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In other news, Director W Nicholas Howley sold 197 shares of TransDigm Group stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total value of $259,673.58. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Robert J. Small sold 30,000 shares of TransDigm Group stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $1,323.86, for a total transaction of $39,715,800.00. Following the sale, the director now directly owns 112,381 shares in the company, valued at $148,776,710.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Nicholas Howley sold 197 shares of TransDigm Group stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The disclosure for this sale can be found here. In the last three months, insiders have acquired 3 shares of company stock worth $1,690 and have sold 100,833 shares worth $131,249,183. Corporate insiders own 4.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on TDG shares. UBS Group raised their target price on TransDigm Group from $1,302.00 to $1,403.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Wells Fargo & Company raised their price objective on TransDigm Group from $1,260.00 to $1,390.00 and gave the company an “equal weight” rating in a report on Wednesday, May 8th. KeyCorp raised their price objective on TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Bank of America raised their price objective on TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 18th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,371.19.

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.