UNIVEST FINANCIAL Corp Increases Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

UNIVEST FINANCIAL Corp boosted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,769 shares of the aerospace company’s stock after acquiring an additional 222 shares during the period. UNIVEST FINANCIAL Corp’s holdings in TransDigm Group were worth $4,776,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Resonant Capital Advisors LLC raised its position in TransDigm Group by 1.8% in the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock worth $585,000 after purchasing an additional 8 shares during the period. Quent Capital LLC grew its stake in shares of TransDigm Group by 6.5% during the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock valued at $167,000 after buying an additional 8 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of TransDigm Group by 3.6% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock worth $293,000 after buying an additional 8 shares during the period. CX Institutional lifted its stake in shares of TransDigm Group by 5.4% in the 4th quarter. CX Institutional now owns 175 shares of the aerospace company’s stock valued at $222,000 after acquiring an additional 9 shares during the last quarter. Finally, Western Financial Corp CA boosted its holdings in TransDigm Group by 0.6% during the 4th quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company’s stock valued at $1,902,000 after acquiring an additional 9 shares during the period. Institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TDG. Truist Financial lifted their price target on 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. Wells Fargo & Company lifted their target price on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft cut 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 research report on Thursday, January 2nd. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a report on Monday, February 24th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,477.18.

Insiders Place Their Bets

In other news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert J. Small sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the sale, the director now owns 95,147 shares of the company’s stock, valued at approximately $127,042,177.34. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 124,594 shares of company stock worth $165,646,468. 4.09% of the stock is currently owned by company insiders.

TransDigm Group Stock Up 1.0 %

NYSE TDG opened at $1,393.62 on Wednesday. The firm has a market capitalization of $78.16 billion, a PE ratio of 49.16, a P/E/G ratio of 2.76 and a beta of 1.38. The stock’s 50 day moving average is $1,339.15 and its 200 day moving average is $1,328.23. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion for 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 quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.16 EPS. On average, research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

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.