Axxcess Wealth Management LLC Buys 226 Shares of TransDigm Group Incorporated (NYSE:TDG)

Axxcess Wealth Management LLC raised its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 93.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 469 shares of the aerospace company's stock after purchasing an additional 226 shares during the quarter. Axxcess Wealth Management LLC's holdings in TransDigm Group were worth $594,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Proficio Capital Partners LLC raised its holdings in shares of TransDigm Group by 286,247.1% in the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock worth $925,349,000 after acquiring an additional 729,930 shares during the last quarter. Windacre Partnership LLC lifted its holdings in shares of TransDigm Group by 42.7% in the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company's stock valued at $1,038,951,000 after purchasing an additional 217,700 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of TransDigm Group by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock valued at $2,694,585,000 after buying an additional 185,422 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after buying an additional 173,642 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in TransDigm Group in the 4th quarter valued at $100,811,000. Institutional investors and hedge funds own 95.78% of the company's stock.

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TransDigm Group Stock Performance

TransDigm Group stock traded up $0.72 during mid-day trading on Wednesday, hitting $1,394.83. 226,348 shares of the company traded hands, compared to its average volume of 233,042. The stock has a fifty day moving average price of $1,339.15 and a 200-day moving average price of $1,328.23. The stock has a market cap of $78.23 billion, a price-to-earnings ratio of 49.20, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. 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 released its 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. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the prior year, the firm earned $7.16 earnings per share. The firm's revenue was up 12.1% on a year-over-year basis. Sell-side analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Transactions at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the sale, the director now owns 21,548 shares of the company's stock, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,337,899.18. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 124,594 shares of company stock worth $165,646,468. Company insiders own 4.09% of the company's stock.

Wall Street Analyst Weigh In

TDG has been the subject of several analyst reports. Barclays reiterated an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Citigroup lifted their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. 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, UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective for the company in a research note on Monday, February 24th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,477.18.

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.