TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lifted its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,434 shares of the aerospace company's stock after acquiring an additional 365 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in TransDigm Group were worth $5,619,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Pathstone Holdings LLC boosted its holdings in TransDigm Group by 0.9% during the 3rd quarter. Pathstone Holdings LLC now owns 6,883 shares of the aerospace company's stock valued at $9,824,000 after acquiring an additional 60 shares during the period. Prospera Financial Services Inc purchased a new position in shares of TransDigm Group in the third quarter valued at approximately $207,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of TransDigm Group in the third quarter valued at approximately $1,043,000. PNC Financial Services Group Inc. increased its stake in TransDigm Group by 5.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 29,881 shares of the aerospace company's stock worth $42,645,000 after buying an additional 1,431 shares during the period. Finally, Strategy Asset Managers LLC acquired a new stake in TransDigm Group during the 3rd quarter worth approximately $776,000. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction 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 directly owns 3,600 shares in the company, valued at approximately $4,896,144. The trade was a 45.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Small sold 1,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the completion of the transaction, the director now owns 95,147 shares of the company's stock, valued at $127,042,177.34. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,594 shares of company stock worth $165,646,468 over the last 90 days. Company insiders own 4.09% of the company's stock.

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TransDigm Group Stock Performance

NYSE TDG traded down $16.57 on Friday, reaching $1,344.17. The stock had a trading volume of 545,227 shares, compared to its average volume of 232,638. The stock has a market cap of $75.39 billion, a P/E ratio of 47.41, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The business's 50-day moving average price is $1,335.17 and its 200 day moving average price is $1,327.35. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping analysts' consensus estimates of $6.73 by $0.84. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $7.16 EPS. On average, sell-side analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barclays reaffirmed an "equal weight" rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Wells Fargo & Company raised TransDigm Group from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Citigroup boosted their price objective on 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. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Finally, Truist Financial boosted their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, TransDigm Group currently has an average rating of "Moderate Buy" and an average target price of $1,472.47.

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.