MorganRosel Wealth Management LLC Buys 31 Shares of TransDigm Group Incorporated (NYSE:TDG)

MorganRosel Wealth Management LLC boosted its position in TransDigm Group Incorporated (NYSE:TDG) by 4.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 787 shares of the aerospace company’s stock after buying an additional 31 shares during the period. MorganRosel Wealth Management LLC’s holdings in TransDigm Group were worth $997,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Avalon Capital Management lifted its holdings in shares of TransDigm Group by 11.7% in the 4th quarter. Avalon Capital Management now owns 581 shares of the aerospace company’s stock worth $736,000 after purchasing an additional 61 shares in the last quarter. IFP Advisors Inc increased its position in shares of TransDigm Group by 15.5% during the fourth quarter. IFP Advisors Inc now owns 239 shares of the aerospace company’s stock worth $303,000 after acquiring an additional 32 shares in the last quarter. Mainstay Capital Management LLC ADV raised its holdings in shares of TransDigm Group by 25.7% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 2,145 shares of the aerospace company’s stock worth $2,718,000 after acquiring an additional 438 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings 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 acquiring an additional 16 shares during the last quarter. Finally, Sigma Investment Counselors Inc. lifted its position in TransDigm Group by 1.0% in the 4th quarter. Sigma Investment Counselors Inc. now owns 3,557 shares of the aerospace company’s stock valued at $4,508,000 after acquiring an additional 34 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TDG. Barclays reissued an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. Truist Financial raised 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. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Citigroup increased 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 report on Thursday, December 5th. Finally, Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus price target of $1,472.47.

TransDigm Group Stock Up 1.9 %

NYSE TDG opened at $1,314.99 on Tuesday. The company’s 50 day moving average is $1,307.41 and its 200-day moving average is $1,321.84. The firm has a market cap of $73.75 billion, a P/E ratio of 46.38, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. TransDigm Group Incorporated has a 12-month low of $1,136.27 and a 12-month high of $1,451.32.

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

Insiders Place Their Bets

In related news, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction 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 approximately $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Small sold 38,053 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the completion of the sale, the director now owns 567,323 shares in the company, valued at $708,461,615.94. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 118,647 shares of company stock worth $151,878,163 in the last quarter. 4.09% of the stock is owned by company insiders.

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.