Cookson Peirce & Co. Inc. Cuts Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Cookson Peirce & Co. Inc. trimmed its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,204 shares of the aerospace company’s stock after selling 266 shares during the period. TransDigm Group comprises 2.0% of Cookson Peirce & Co. Inc.’s investment portfolio, making the stock its 14th largest position. Cookson Peirce & Co. Inc.’s holdings in TransDigm Group were worth $44,613,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Snider Financial Group boosted its stake in shares of TransDigm Group by 20.7% in the 4th quarter. Snider Financial Group now owns 2,724 shares of the aerospace company’s stock valued at $3,452,000 after purchasing an additional 468 shares in the last quarter. Keybank National Association OH lifted its stake in TransDigm Group by 1.6% in the fourth quarter. Keybank National Association OH now owns 5,862 shares of the aerospace company’s stock worth $7,429,000 after purchasing an additional 92 shares during the last quarter. Westover Capital Advisors LLC purchased a new position in shares of TransDigm Group in the fourth quarter worth about $303,000. Commerzbank Aktiengesellschaft FI lifted its stake in shares of TransDigm Group by 49.7% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 684 shares of the aerospace company’s stock valued at $876,000 after acquiring an additional 227 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in TransDigm Group by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 350,253 shares of the aerospace company’s stock valued at $443,869,000 after acquiring an additional 12,147 shares during the period. Institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was 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 directly owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. This represents a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,762,872. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,647 shares of company stock worth $155,847,223 in the last three months. 4.09% of the stock is owned by company insiders.

TransDigm Group Stock Performance

TDG opened at $1,347.60 on Wednesday. The stock has a market cap of $75.58 billion, a price-to-earnings ratio of 47.53, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. The firm’s fifty day moving average is $1,316.62 and its 200 day moving average is $1,325.91. TransDigm Group Incorporated has a fifty-two week low of $1,136.27 and a fifty-two week high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating 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 business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the business earned $7.16 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. On average, equities research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TDG shares. Citigroup upped their price objective 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. Truist Financial boosted their price objective on shares of 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. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a research note on Monday, February 24th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,472.47.

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.