Commonwealth Equity Services LLC Increases Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Commonwealth Equity Services LLC lifted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 174.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,778 shares of the aerospace company's stock after purchasing an additional 3,673 shares during the period. Commonwealth Equity Services LLC's holdings in TransDigm Group were worth $7,322,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in TDG. Proficio Capital Partners LLC increased its holdings in shares of TransDigm Group by 286,247.1% in the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock worth $925,349,000 after buying an additional 729,930 shares during the period. Windacre Partnership LLC grew its position in TransDigm Group by 42.7% during the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company's stock worth $1,038,951,000 after acquiring an additional 217,700 shares during the last quarter. Principal Financial Group Inc. increased its stake in TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after purchasing an additional 185,422 shares during the period. JPMorgan Chase & Co. lifted its position in TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after purchasing an additional 173,642 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of TransDigm Group during the fourth quarter valued at approximately $100,811,000. 95.78% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

TDG has been the subject of a number of recent analyst reports. Barclays reiterated an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Wells Fargo & Company raised TransDigm Group from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Truist Financial upped their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a "buy" rating to a "hold" rating and dropped their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, TransDigm Group presently has a consensus rating of "Moderate Buy" and an average target price of $1,472.47.

TransDigm Group Stock Up 2.7 %

Shares of TDG stock traded up $36.70 during trading hours on Monday, hitting $1,382.82. 204,744 shares of the company's stock traded hands, compared to its average volume of 232,861. The stock's fifty day simple moving average is $1,335.17 and its two-hundred day simple moving average is $1,327.15. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32. The stock has a market cap of $77.56 billion, a price-to-earnings ratio of 48.78, a PEG ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (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 during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the previous year, the business earned $7.16 earnings per share. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,337,899.18. This represents a 71.03 % 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 stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,896,144. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 124,594 shares of company stock worth $165,646,468 in the last quarter. Corporate insiders own 4.09% of the company's stock.

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.