Independent Advisor Alliance Purchases New Holdings in TransDigm Group Incorporated (NYSE:TDG)

Independent Advisor Alliance bought a new position in TransDigm Group Incorporated (NYSE:TDG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 279 shares of the aerospace company's stock, valued at approximately $354,000.

A number of other hedge funds have also modified their holdings of TDG. Erste Asset Management GmbH acquired a new position in shares of TransDigm Group in the 3rd quarter worth $29,000. Capital Advisors Ltd. LLC grew its holdings in shares of TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after buying an additional 16 shares in the last quarter. Trust Co. of Vermont grew its holdings in shares of TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after buying an additional 15 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock valued at $33,000 after buying an additional 18 shares in the last quarter. Finally, Sachetta LLC grew its holdings in shares of TransDigm Group by 105.9% during the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock valued at $44,000 after buying an additional 18 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Small sold 1,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the transaction, the director now directly 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. In the last 90 days, insiders sold 124,594 shares of company stock valued at $165,646,468. Insiders own 4.09% of the company's stock.

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TransDigm Group Stock Down 1.2 %

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

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 the consensus estimate 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 firm earned $7.16 EPS. The firm's revenue was up 12.1% compared to the same quarter last year. On average, sell-side analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

TDG has been the topic of a number of research analyst reports. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Wells Fargo & Company upgraded TransDigm Group from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. 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. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a "buy" rating to a "hold" rating and reduced their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Truist Financial lifted their price objective 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. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.