Highland Capital Management LLC Sells 402 Shares of TransDigm Group Incorporated (NYSE:TDG)

Highland Capital Management LLC trimmed its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 16.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,024 shares of the aerospace company's stock after selling 402 shares during the quarter. Highland Capital Management LLC's holdings in TransDigm Group were worth $2,586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of TDG. International Assets Investment Management LLC grew its position in TransDigm Group by 97,711.9% in the fourth quarter. International Assets Investment Management LLC now owns 41,081 shares of the aerospace company's stock valued at $41,558,000 after acquiring an additional 41,039 shares during the period. abrdn plc grew its holdings in shares of TransDigm Group by 0.5% in the 4th quarter. abrdn plc now owns 12,953 shares of the aerospace company's stock worth $13,103,000 after purchasing an additional 69 shares during the last quarter. CWM LLC increased its position in shares of TransDigm Group by 5.1% during the 4th quarter. CWM LLC now owns 809 shares of the aerospace company's stock worth $819,000 after purchasing an additional 39 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in TransDigm Group by 47.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 479 shares of the aerospace company's stock valued at $485,000 after purchasing an additional 155 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in TransDigm Group by 5.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,393 shares of the aerospace company's stock valued at $1,409,000 after buying an additional 69 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Stock Down 1.8 %

Shares of TDG stock traded down $24.43 during mid-day trading on Monday, reaching $1,302.25. 256,234 shares of the stock traded hands, compared to its average volume of 225,756. The stock's fifty day simple moving average is $1,271.48 and its two-hundred day simple moving average is $1,251.25. TransDigm Group Incorporated has a 1-year low of $802.46 and a 1-year high of $1,369.57. The company has a market cap of $73.07 billion, a price-to-earnings ratio of 51.66, a price-to-earnings-growth ratio of 2.06 and a beta of 1.38.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating analysts' consensus estimates of $7.77 by $1.23. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company's quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm posted $6.55 EPS. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 30.58 EPS for the current fiscal year.

Insider Activity at TransDigm Group

In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of the firm's stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the sale, the insider now owns 50 shares of the company's stock, valued at $66,967. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Robert J. Small sold 30,000 shares of the firm's stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $1,323.86, for a total value of $39,715,800.00. Following the transaction, the director now owns 112,381 shares of the company's stock, valued at approximately $148,776,710.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jessica L. Warren sold 925 shares of the business's stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the sale, the insider now directly owns 50 shares of the company's stock, valued at $66,967. The disclosure for this sale can be found here. Insiders have sold a total of 102,708 shares of company stock worth $133,146,005 in the last 90 days. Corporate insiders own 4.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. UBS Group cut their target price on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating for the company in a research note on Wednesday, August 7th. Stifel Nicolaus boosted their price objective on TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a "hold" rating in a research note on Friday, June 7th. Robert W. Baird raised their target price on TransDigm Group from $1,290.00 to $1,357.00 and gave the company an "outperform" rating in a research note on Wednesday, May 8th. KeyCorp lifted their price target on TransDigm Group from $1,325.00 to $1,440.00 and gave the company an "overweight" rating in a report on Tuesday, May 28th. Finally, TD Cowen increased their price objective on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a "buy" rating in a report on Wednesday, May 8th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,422.94.

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.