Advisors Asset Management Inc. Has $5.42 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Advisors Asset Management Inc. reduced its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 5.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,280 shares of the aerospace company's stock after selling 228 shares during the period. Advisors Asset Management Inc.'s holdings in TransDigm Group were worth $5,424,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TDG. Prosperity Financial Group Inc. increased its position in shares of TransDigm Group by 3.6% during the third quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company's stock worth $328,000 after acquiring an additional 8 shares in the last quarter. Resonant Capital Advisors LLC increased its holdings in TransDigm Group by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock worth $585,000 after purchasing an additional 8 shares in the last quarter. Quent Capital LLC raised its stake in shares of TransDigm Group by 6.5% in the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock valued at $167,000 after purchasing an additional 8 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of TransDigm Group by 3.6% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock valued at $293,000 after purchasing an additional 8 shares in the last quarter. Finally, CX Institutional boosted its position in shares of TransDigm Group by 5.4% during the fourth quarter. CX Institutional now owns 175 shares of the aerospace company's stock worth $222,000 after buying an additional 9 shares during the period. Institutional investors own 95.78% of the company's stock.

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Insider Buying and Selling at TransDigm Group

In related news, Director Robert J. Small sold 40,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,896,144. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,594 shares of company stock valued at $165,646,468 in the last quarter. Company insiders own 4.09% of the company's stock.

TransDigm Group Price Performance

TDG stock traded up $36.70 during midday trading on Monday, reaching $1,382.82. 204,744 shares of the company were exchanged, compared to its average volume of 232,861. The firm has a market capitalization of $77.56 billion, a price-to-earnings ratio of 48.78, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The business has a 50-day moving average price of $1,335.17 and a two-hundred day moving average price of $1,327.15. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts' consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.16 EPS. As a group, analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TDG shares. Citigroup lifted their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Truist Financial lifted their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Barclays reissued an "equal weight" rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. UBS Group raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price for the company in a research report on Monday, February 24th. Finally, Wells Fargo & Company raised shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, TransDigm Group presently has an average rating of "Moderate Buy" and a consensus price target of $1,472.47.

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.