McHugh Group LLC purchased a new position in TransDigm Group Incorporated (NYSE:TDG - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,010 shares of the aerospace company's stock, valued at approximately $1,280,000. TransDigm Group makes up 1.0% of McHugh Group LLC's portfolio, making the stock its 19th biggest holding.
Other large investors also recently made changes to their positions in the company. First Personal Financial Services purchased a new stake in shares of TransDigm Group in the 3rd quarter valued at approximately $29,000. Erste Asset Management GmbH purchased a new stake in shares of TransDigm Group in the third quarter valued at $29,000. Trust Co. of Vermont lifted its holdings in shares of TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after purchasing 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, DT Investment Partners LLC raised its position in TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock valued at $39,000 after buying an additional 11 shares during the period. Institutional investors own 95.78% of the company's stock.
Insider Activity at TransDigm Group
In other news, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were 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 directly owns 21,548 shares of the company's stock, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,892,616. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,525 shares of company stock worth $112,769,801. Company insiders own 4.09% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. KeyCorp raised their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Barclays reiterated an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Truist Financial boosted their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Citigroup lifted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, TransDigm Group has a consensus rating of "Moderate Buy" and an average price target of $1,462.35.
Get Our Latest Stock Report on TransDigm Group
TransDigm Group Stock Up 0.5 %
NYSE TDG traded up $7.01 during trading on Monday, hitting $1,334.35. The company's stock had a trading volume of 198,980 shares, compared to its average volume of 258,619. TransDigm Group Incorporated has a 52 week low of $1,100.86 and a 52 week high of $1,451.32. The firm has a market cap of $74.83 billion, a P/E ratio of 47.07, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40. The firm has a 50 day moving average price of $1,294.68 and a 200 day moving average price of $1,315.07.
TransDigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $7.16 EPS. On average, equities analysts expect that TransDigm Group Incorporated will post 34.11 earnings per share for the current year.
TransDigm Group Profile
(
Free Report)
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.
See Also
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