TransDigm Group Incorporated (NYSE:TDG) Shares Bought by LPL Financial LLC

LPL Financial LLC lifted its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,495 shares of the aerospace company's stock after purchasing an additional 3,182 shares during the period. LPL Financial LLC's holdings in TransDigm Group were worth $27,240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Erste Asset Management GmbH acquired a new position in shares of TransDigm Group during the 3rd quarter worth about $29,000. Capital Advisors Ltd. LLC boosted its holdings in TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 16 shares in the last quarter. Trust Co. of Vermont increased its stake in TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 15 shares during the last quarter. Versant Capital Management Inc raised its holdings 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 purchasing an additional 18 shares in the last quarter. Finally, Sachetta LLC lifted its position in shares of TransDigm Group by 105.9% during the 4th 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. Institutional investors and hedge funds own 95.78% of the company's stock.

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Analyst Ratings Changes

Several brokerages recently commented on TDG. Barclays reiterated an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Citigroup lifted their target price 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. Susquehanna upped their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Wednesday. UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target on the stock in a research report on Monday, February 24th. Finally, Truist Financial increased their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,480.12.

Insiders Place Their Bets

In related news, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at $10,337,899.18. This trade represents a 71.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,892,616. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,594 shares of company stock worth $165,646,468. 4.09% of the stock is owned by company insiders.

TransDigm Group Price Performance

Shares of TDG stock traded down $35.80 during trading hours on Thursday, reaching $1,363.77. 352,342 shares of the company's stock were exchanged, compared to its average volume of 243,518. The company's 50 day moving average is $1,345.98 and its two-hundred day moving average is $1,330.88. The company has a market cap of $76.49 billion, a P/E ratio of 48.10, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 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 net margin of 20.76% and a negative return on equity of 42.87%. The business's revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $7.16 EPS. As a group, analysts predict that TransDigm Group Incorporated will post 35.13 EPS 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.