PFG Advisors Takes $956,000 Position in TransDigm Group Incorporated (NYSE:TDG)

PFG Advisors bought a new stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 754 shares of the aerospace company's stock, valued at approximately $956,000.

Several other institutional investors have also recently bought and sold shares of the company. Prosperity Financial Group Inc. lifted its position in shares of TransDigm Group by 3.6% in the third quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company's stock worth $328,000 after purchasing an additional 8 shares in the last quarter. Resonant Capital Advisors LLC lifted its position in TransDigm Group by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock worth $585,000 after buying an additional 8 shares in the last quarter. Quent Capital LLC boosted its stake in shares of TransDigm Group by 6.5% during the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock worth $167,000 after buying an additional 8 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of TransDigm Group by 3.6% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock valued at $293,000 after acquiring an additional 8 shares during the last quarter. Finally, CX Institutional raised its holdings in TransDigm Group by 5.4% during the fourth quarter. CX Institutional now owns 175 shares of the aerospace company's stock worth $222,000 after acquiring an additional 9 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Citigroup boosted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Truist Financial lifted their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Barclays reissued an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft cut TransDigm Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,472.47.

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Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the transaction, the director now owns 21,548 shares in the company, valued at $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,525,524. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 123,594 shares of company stock worth $164,002,398. 4.09% of the stock is currently owned by corporate insiders.

TransDigm Group Price Performance

NYSE:TDG traded up $11.90 during trading hours on Monday, reaching $1,358.40. 190,987 shares of the company were exchanged, compared to its average volume of 257,618. The business has a 50 day moving average of $1,326.27 and a 200 day moving average of $1,327.28. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,451.32. The company has a market capitalization of $76.19 billion, a P/E ratio of 47.92, a P/E/G ratio of 2.76 and a beta of 1.38.

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 (EPS) for the quarter, topping the consensus estimate of $6.73 by $0.84. The company had revenue of $2.01 billion for 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 quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm posted $7.16 EPS. As a group, equities research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share 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.