Empowered Funds LLC Increases Stake in TransDigm Group Incorporated (NYSE:TDG)

Empowered Funds LLC increased its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,307 shares of the aerospace company's stock after acquiring an additional 227 shares during the quarter. Empowered Funds LLC's holdings in TransDigm Group were worth $1,656,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB boosted its stake in shares of TransDigm Group by 30.3% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 564 shares of the aerospace company's stock valued at $715,000 after purchasing an additional 131 shares during the last quarter. Mezzasalma Advisors LLC lifted its holdings in TransDigm Group by 2.1% in the fourth quarter. Mezzasalma Advisors LLC now owns 2,531 shares of the aerospace company's stock valued at $3,207,000 after buying an additional 51 shares during the period. Conning Inc. boosted its position in TransDigm Group by 26.7% during the fourth quarter. Conning Inc. now owns 342 shares of the aerospace company's stock valued at $433,000 after acquiring an additional 72 shares during the last quarter. BLB&B Advisors LLC acquired a new stake in TransDigm Group during the 4th quarter worth about $228,000. Finally, Realta Investment Advisors raised its position in shares of TransDigm Group by 9.0% in the 4th quarter. Realta Investment Advisors now owns 608 shares of the aerospace company's stock worth $776,000 after acquiring an additional 50 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,525,524. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert J. Small sold 3,650 shares of TransDigm Group stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $1,322.19, for a total transaction of $4,825,993.50. Following the completion of the sale, the director now directly owns 15,539 shares in the company, valued at approximately $20,545,510.41. This represents a 19.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,175 shares of company stock valued at $144,677,394. 4.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TDG has been the subject of a number of research analyst reports. Truist Financial lifted their target price 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. Barclays reiterated an "equal weight" rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Wells Fargo & Company upgraded shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. KeyCorp upped their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Finally, Citigroup raised their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,462.35.

TransDigm Group Stock Performance

TDG traded up $44.00 during mid-day trading on Wednesday, reaching $1,343.48. 263,045 shares of the stock were exchanged, compared to its average volume of 267,013. TransDigm Group Incorporated has a 1 year low of $1,136.27 and a 1 year high of $1,451.32. The stock has a market capitalization of $75.34 billion, a PE ratio of 47.39, a price-to-earnings-growth ratio of 2.77 and a beta of 1.40. The company has a 50 day moving average price of $1,302.74 and a two-hundred day moving average price of $1,319.16.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly 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 company 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%. The firm's revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $7.16 earnings per share. Sell-side analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

About TransDigm Group

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.