Signature Estate & Investment Advisors LLC Makes New Investment in TransDigm Group Incorporated (NYSE:TDG)

Signature Estate & Investment Advisors LLC acquired a new stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 455 shares of the aerospace company's stock, valued at approximately $581,000.

A number of other large investors have also recently bought and sold shares of the business. Advisory Services Network LLC boosted its stake in shares of TransDigm Group by 15.0% during the 4th quarter. Advisory Services Network LLC now owns 5,846 shares of the aerospace company's stock worth $5,913,000 after acquiring an additional 762 shares in the last quarter. Intech Investment Management LLC grew its holdings in TransDigm Group by 68.2% during the fourth quarter. Intech Investment Management LLC now owns 8,531 shares of the aerospace company's stock valued at $8,630,000 after purchasing an additional 3,458 shares during the last quarter. Brevan Howard Capital Management LP bought a new position in shares of TransDigm Group in the fourth quarter valued at approximately $1,909,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of TransDigm Group by 17.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company's stock worth $4,980,000 after buying an additional 567 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of TransDigm Group by 9.4% during the 4th quarter. UBS Group AG now owns 36,433 shares of the aerospace company's stock worth $36,856,000 after buying an additional 3,120 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of the company's stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of TransDigm Group stock in a transaction 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 transaction, the insider now owns 50 shares in the company, valued at approximately $66,967. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,073 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the sale, the director now owns 21,548 shares in the company, valued at approximately $26,769,080.40. The disclosure for this sale can be found here. Insiders sold 102,708 shares of company stock worth $133,146,005 in the last quarter. 4.96% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TDG has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 7th. Truist Financial boosted their price objective on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a "buy" rating in a research report on Wednesday, July 17th. TD Cowen increased their target price on TransDigm Group from $1,300.00 to $1,400.00 and gave the company a "buy" rating in a research note on Wednesday, May 8th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $1,500.00 price target on shares of TransDigm Group in a research report on Wednesday, August 7th. Finally, Stifel Nicolaus upped their price target on TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a "hold" rating in a report on Friday, June 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, TransDigm Group has an average rating of "Moderate Buy" and a consensus price target of $1,422.94.

TransDigm Group Stock Performance

Shares of TDG stock traded up $7.05 during trading hours on Wednesday, hitting $1,333.28. The company had a trading volume of 168,146 shares, compared to its average volume of 225,013. TransDigm Group Incorporated has a 12 month low of $802.46 and a 12 month high of $1,369.57. The firm's fifty day moving average is $1,271.09 and its 200 day moving average is $1,253.27. The firm has a market capitalization of $74.61 billion, a price-to-earnings ratio of 52.89, a PEG ratio of 2.06 and a beta of 1.38.

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

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.