Mill Capital Management LLC Sells 324 Shares of TransDigm Group Incorporated (NYSE:TDG)

Mill Capital Management LLC lessened its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,219 shares of the aerospace company's stock after selling 324 shares during the quarter. TransDigm Group accounts for about 2.6% of Mill Capital Management LLC's holdings, making the stock its 11th biggest holding. Mill Capital Management LLC's holdings in TransDigm Group were worth $33,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in TransDigm Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock worth $7,946,863,000 after acquiring an additional 79,284 shares in the last quarter. LPL Financial LLC increased its position in TransDigm Group by 17.4% during the 4th quarter. LPL Financial LLC now owns 21,495 shares of the aerospace company's stock worth $27,240,000 after purchasing an additional 3,182 shares in the last quarter. Optimum Investment Advisors boosted its position in shares of TransDigm Group by 4.6% in the fourth quarter. Optimum Investment Advisors now owns 342 shares of the aerospace company's stock worth $433,000 after buying an additional 15 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of TransDigm Group during the fourth quarter worth about $44,345,000. Finally, Mizuho Securities USA LLC increased its holdings in TransDigm Group by 46.5% in the fourth quarter. Mizuho Securities USA LLC now owns 5,329 shares of the aerospace company's stock valued at $6,753,000 after buying an additional 1,691 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insiders Place Their Bets

In related news, Director Robert J. Small sold 1,000 shares of the company's stock in a transaction on 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,337,899.18. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,594 shares of company stock worth $165,646,468 over the last three months. Company insiders own 4.09% of the company's stock.

TransDigm Group Trading Down 1.2 %

Shares of TransDigm Group stock traded down $16.29 on Friday, reaching $1,367.97. The stock had a trading volume of 42,865 shares, compared to its average volume of 233,075. The company has a market cap of $76.72 billion, a P/E ratio of 48.30, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,451.32. The business's 50 day moving average is $1,342.45 and its two-hundred day moving average is $1,329.07.

TransDigm Group (NYSE:TDG - Get Free Report) last released its 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 during the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. TransDigm Group's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.16 EPS. On average, equities analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target on the stock in a research report on Monday, February 24th. Wells Fargo & Company boosted their price objective on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an "overweight" rating in a research note on Tuesday. Truist Financial raised their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research 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, StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, TransDigm Group currently has an average rating of "Moderate Buy" and an average price target of $1,477.18.

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.