Bellwether Advisors LLC Invests $2.44 Million in TransDigm Group Incorporated (NYSE:TDG)

Bellwether Advisors LLC purchased a new stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,906 shares of the aerospace company's stock, valued at approximately $2,435,000.

Other hedge funds also recently made changes to their positions in the company. Advisory Services Network LLC boosted its holdings in TransDigm Group by 15.0% in the fourth quarter. Advisory Services Network LLC now owns 5,846 shares of the aerospace company's stock valued at $5,913,000 after acquiring an additional 762 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of TransDigm Group by 68.2% in the 4th 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 in the last quarter. Brevan Howard Capital Management LP purchased a new stake in shares of TransDigm Group during the 4th quarter worth about $1,909,000. Wealth Enhancement Advisory Services LLC increased its position in TransDigm Group by 17.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company's stock worth $4,980,000 after purchasing an additional 567 shares in the last quarter. Finally, UBS Group AG raised its holdings in TransDigm Group by 9.4% in the fourth quarter. UBS Group AG now owns 36,433 shares of the aerospace company's stock valued at $36,856,000 after buying an additional 3,120 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on TDG shares. Morgan Stanley boosted their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 7th. Truist Financial upped their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a "buy" rating in a report on Wednesday, July 17th. Jefferies Financial Group lowered their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating for the company in a research report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a "buy" rating in a research report on Thursday, June 20th. Finally, StockNews.com lowered shares of TransDigm Group from a "buy" rating to a "hold" rating in a report on Monday, August 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,422.94.

Insider Activity at TransDigm Group

In related news, insider Jessica L. Warren sold 925 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the sale, the insider now owns 50 shares of the company's stock, valued at approximately $66,967. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Jessica L. Warren sold 925 shares of the 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 transaction, the insider now directly owns 50 shares of the company's stock, valued at approximately $66,967. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. The disclosure for this sale can be found here. Insiders sold 102,708 shares of company stock worth $133,146,005 in the last 90 days. 4.96% of the stock is currently owned by company insiders.

TransDigm Group Stock Up 0.6 %

Shares of TDG traded up $8.84 during mid-day trading on Friday, hitting $1,373.21. The stock had a trading volume of 251,827 shares, compared to its average volume of 240,194. The company has a market cap of $76.84 billion, a PE ratio of 54.47, a PEG ratio of 2.17 and a beta of 1.38. TransDigm Group Incorporated has a fifty-two week low of $802.46 and a fifty-two week high of $1,380.83. The company's fifty day simple moving average is $1,272.88 and its two-hundred day simple moving average is $1,256.80.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating the consensus estimate of $7.77 by $1.23. The business had revenue of $2.05 billion during 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 previous year, the business posted $6.55 EPS. Equities analysts expect that TransDigm Group Incorporated will post 30.57 earnings per share for the current year.

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.