Glenview Trust co Increases Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Glenview Trust co grew its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 46.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,231 shares of the aerospace company's stock after purchasing an additional 389 shares during the quarter. Glenview Trust co's holdings in TransDigm Group were worth $1,560,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TDG. Prosperity Financial Group Inc. boosted its position in shares of TransDigm Group by 3.6% in the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company's stock valued at $328,000 after purchasing an additional 8 shares during the period. Resonant Capital Advisors LLC boosted its stake in TransDigm Group by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock worth $585,000 after purchasing an additional 8 shares during the period. Quent Capital LLC boosted its stake in shares of TransDigm Group by 6.5% during the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock worth $167,000 after buying an additional 8 shares during the period. Lindbrook Capital LLC increased its holdings in shares of TransDigm Group by 3.6% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock valued at $293,000 after purchasing an additional 8 shares during the period. Finally, CX Institutional raised its stake in shares of TransDigm Group by 5.4% during the fourth quarter. CX Institutional now owns 175 shares of the aerospace company's stock worth $222,000 after purchasing an additional 9 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

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TransDigm Group Stock Down 0.8 %

Shares of TransDigm Group stock traded down $11.42 during trading on Thursday, hitting $1,359.90. 189,821 shares of the company were exchanged, compared to its average volume of 254,786. The firm has a 50 day moving average price of $1,331.97 and a 200 day moving average price of $1,327.33. The stock has a market capitalization of $76.27 billion, a price-to-earnings ratio of 47.97, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.73 by $0.84. The business 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 business's revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business earned $7.16 earnings per share. Analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Buying and Selling at TransDigm Group

In related news, Director Robert J. Small sold 1,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the transaction, the director now directly owns 95,147 shares in the company, valued at approximately $127,042,177.34. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,594 shares of company stock worth $165,337,618. Corporate insiders own 4.09% of the company's stock.

Wall Street Analysts Forecast Growth

TDG has been the subject of several recent analyst reports. 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 lowered TransDigm Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Barclays reissued an "equal weight" rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Truist Financial upped their price objective 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, StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,472.47.

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.