Advisory Services Network LLC Buys 2,240 Shares of TransDigm Group Incorporated (NYSE:TDG)

Advisory Services Network LLC lifted its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 35.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,548 shares of the aerospace company's stock after buying an additional 2,240 shares during the quarter. Advisory Services Network LLC's holdings in TransDigm Group were worth $10,833,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TDG. Capital Advisors Ltd. LLC lifted its position in shares of TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after buying an additional 16 shares during the last quarter. Trust Co. of Vermont lifted its holdings in TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 15 shares during the last quarter. Versant Capital Management Inc lifted its holdings in TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock valued at $33,000 after purchasing an additional 18 shares during the last quarter. Meeder Asset Management Inc. boosted its position in TransDigm Group by 210.0% during the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after purchasing an additional 21 shares during the period. Finally, Sachetta LLC increased its holdings in shares of TransDigm Group by 105.9% in the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 18 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at $4,892,616. This trade represents a 45.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at $10,337,899.18. This represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,594 shares of company stock valued at $165,646,468. 4.09% of the stock is owned by insiders.

TransDigm Group Stock Performance

Shares of NYSE TDG traded up $11.46 during trading hours on Friday, hitting $1,309.66. 268,284 shares of the stock were exchanged, compared to its average volume of 250,497. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,451.32. The company has a market cap of $73.45 billion, a PE ratio of 46.20, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. The company's fifty day simple moving average is $1,335.18 and its two-hundred day simple moving average is $1,323.99.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its 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. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company's revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $7.16 EPS. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TDG shares. UBS Group upgraded 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 note on Monday, February 24th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a "buy" rating to a "hold" rating and cut their price objective for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Northcoast Research raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price on the stock in a research report on Wednesday. Truist Financial lifted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Finally, Barclays restated an "equal weight" rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $1,471.78.

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.