Kestra Private Wealth Services LLC Raises Position in TransDigm Group Incorporated (NYSE:TDG)

Kestra Private Wealth Services LLC lifted its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 41.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,005 shares of the aerospace company's stock after purchasing an additional 1,172 shares during the quarter. Kestra Private Wealth Services LLC's holdings in TransDigm Group were worth $5,075,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. First Personal Financial Services acquired a new stake in shares of TransDigm Group in the 3rd quarter valued at approximately $29,000. Erste Asset Management GmbH bought a new position in TransDigm Group during the 3rd quarter worth $29,000. Trust Co. of Vermont grew its holdings 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 purchasing an additional 15 shares in the last quarter. Versant Capital Management Inc boosted its stake in TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock valued at $33,000 after buying an additional 18 shares in the last quarter. Finally, DT Investment Partners LLC boosted its stake in TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock valued at $39,000 after buying an additional 11 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

TransDigm Group Trading Down 1.5 %

NYSE:TDG traded down $20.67 during trading hours on Friday, reaching $1,315.29. 350,656 shares of the company traded hands, compared to its average volume of 268,362. TransDigm Group Incorporated has a 1 year low of $1,136.27 and a 1 year high of $1,451.32. The business's 50-day moving average price is $1,300.07 and its two-hundred day moving average price is $1,317.12. The stock has a market capitalization of $73.76 billion, a P/E ratio of 46.39, a P/E/G ratio of 2.86 and a beta of 1.40.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the previous year, the business earned $7.16 earnings per share. The company's revenue was up 12.1% on a year-over-year basis. As a group, equities analysts anticipate that TransDigm Group Incorporated will post 34.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TDG. StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 8th. KeyCorp lifted their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Wells Fargo & Company raised TransDigm Group from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Truist Financial boosted their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $1,462.35.

Insider Buying and Selling

In other news, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at $10,181,755.06. This represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company'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 completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,525,524. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,525 shares of company stock valued at $139,851,401 over the last 90 days. Company insiders own 4.09% of the company's stock.

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.