Sagespring Wealth Partners LLC Makes New Investment in TransDigm Group Incorporated (NYSE:TDG)

Sagespring Wealth Partners LLC acquired a new stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 313 shares of the aerospace company's stock, valued at approximately $397,000.

A number of other institutional investors have also recently bought and sold shares of TDG. Capital Advisors Ltd. LLC boosted its position in shares of TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after purchasing an additional 16 shares during the last quarter. Trust Co. of Vermont grew its position in shares of TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after buying an additional 15 shares during the period. Versant Capital Management Inc grew its position in shares of TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after buying an additional 18 shares during the period. Meeder Asset Management Inc. increased its stake in shares of TransDigm Group by 210.0% in the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after acquiring an additional 21 shares during the last quarter. Finally, Sachetta LLC raised its position in shares of TransDigm Group by 105.9% in the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 18 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating for the company in a report on Tuesday. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Susquehanna boosted their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Barclays reaffirmed 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. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, TransDigm Group has an average rating of "Moderate Buy" and an average target price of $1,464.41.

TransDigm Group Stock Down 0.1 %

Shares of NYSE:TDG traded down $1.03 during midday trading on Friday, reaching $1,335.27. The company had a trading volume of 224,372 shares, compared to its average volume of 253,805. The stock has a market cap of $74.89 billion, a PE ratio of 47.10, a P/E/G ratio of 2.76 and a beta of 1.08. 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 price is $1,336.96 and its 200 day moving average price is $1,322.04.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts' consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the firm posted $7.16 EPS. The company's quarterly revenue was up 12.1% on a year-over-year basis. On average, research analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total value of $7,200,768.96. Following the sale, the director now directly owns 21,548 shares of the company's stock, valued at $28,355,659.64. This trade represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert J. Small sold 1,000 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 95,147 shares of the company's stock, valued at approximately $127,042,177.34. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,594 shares of company stock worth $167,165,496 over the last quarter. Company insiders own 4.09% of the company's stock.

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.