HighTower Advisors LLC Has $21.97 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

HighTower Advisors LLC lifted its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 13.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,338 shares of the aerospace company's stock after acquiring an additional 2,122 shares during the quarter. HighTower Advisors LLC's holdings in TransDigm Group were worth $21,972,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Erste Asset Management GmbH acquired a new position in TransDigm Group during the third quarter worth $29,000. Capital Advisors Ltd. LLC increased its position in TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after buying an additional 16 shares during the last quarter. Trust Co. of Vermont increased its position in TransDigm Group by 150.0% during the fourth 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 last quarter. Versant Capital Management Inc increased its position in TransDigm Group by 225.0% during the fourth 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 last quarter. Finally, Sachetta LLC increased its position in TransDigm Group by 105.9% during the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after buying an additional 18 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

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TransDigm Group Price Performance

Shares of NYSE TDG traded up $28.38 during mid-day trading on Wednesday, hitting $1,370.81. The company had a trading volume of 240,247 shares, compared to its average volume of 231,490. The business's 50-day simple moving average is $1,330.19 and its 200-day simple moving average is $1,327.02. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32. The firm has a market cap of $76.88 billion, a P/E ratio of 48.35, a PEG ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 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 analysts' expectations 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 for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the company earned $7.16 earnings per share. As a group, sell-side analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $4,525,524. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,337,899.18. This trade represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,594 shares of company stock valued at $165,337,618 in the last 90 days. 4.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on TDG. Wells Fargo & Company raised shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Truist Financial increased their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. UBS Group upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target for the company in a report on Monday, February 24th. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and decreased their price target for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,472.47.

TransDigm Group Company 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.