SVB Wealth LLC Invests $234,000 in TransDigm Group Incorporated (NYSE:TDG)

SVB Wealth LLC bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 185 shares of the aerospace company's stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Private Trust Co. NA raised its stake in shares of TransDigm Group by 59.8% during the 4th quarter. Private Trust Co. NA now owns 326 shares of the aerospace company's stock worth $413,000 after buying an additional 122 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of TransDigm Group by 21.2% during the 4th quarter. QRG Capital Management Inc. now owns 910 shares of the aerospace company's stock worth $1,153,000 after buying an additional 159 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of TransDigm Group by 286,247.1% during the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock worth $925,349,000 after buying an additional 729,930 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of TransDigm Group by 7.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 1,930 shares of the aerospace company's stock worth $2,446,000 after buying an additional 127 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of TransDigm Group by 2.3% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 21,800 shares of the aerospace company's stock worth $27,627,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

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TransDigm Group Trading Down 0.4 %

Shares of NYSE TDG traded down $4.91 on Friday, reaching $1,339.77. 329,032 shares of the company traded hands, compared to its average volume of 258,144. TransDigm Group Incorporated has a fifty-two week low of $1,136.27 and a fifty-two week high of $1,451.32. The company has a 50 day moving average of $1,319.94 and a 200 day moving average of $1,326.72. The stock has a market capitalization of $75.14 billion, a PE ratio of 47.26, a P/E/G ratio of 2.76 and a beta of 1.38.

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

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total transaction of $3,969,060.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,762,872. This represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the sale, the director now directly owns 21,548 shares of the company's stock, valued at approximately $28,355,659.64. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,647 shares of company stock valued at $155,847,223. 4.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TDG has been the subject of several research reports. Truist Financial lifted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a "buy" rating to a "hold" rating and cut their target price for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Barclays reissued an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Wells Fargo & Company raised shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Finally, Citigroup boosted their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,472.47.

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.