Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Purchases 10 Shares of TransDigm Group Incorporated (NYSE:TDG)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 180 shares of the aerospace company’s stock after purchasing an additional 10 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in TransDigm Group were worth $197,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TDG. Vontobel Holding Ltd. bought a new stake in shares of TransDigm Group during the 3rd quarter worth $1,117,000. CWM LLC lifted its holdings in shares of TransDigm Group by 12.4% in the third quarter. CWM LLC now owns 770 shares of the aerospace company’s stock worth $649,000 after acquiring an additional 85 shares during the last quarter. AE Wealth Management LLC boosted its stake in shares of TransDigm Group by 12.5% in the 3rd quarter. AE Wealth Management LLC now owns 315 shares of the aerospace company’s stock valued at $266,000 after purchasing an additional 35 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of TransDigm Group by 49.7% during the 3rd quarter. HB Wealth Management LLC now owns 446 shares of the aerospace company’s stock valued at $376,000 after purchasing an additional 148 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in TransDigm Group by 1.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,560 shares of the aerospace company’s stock worth $5,530,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays raised their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Truist Financial upped their price objective on TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Stifel Nicolaus lifted their target price on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Royal Bank of Canada raised their price target on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Finally, Citigroup boosted their price objective on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and an average price target of $1,170.27.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 2,391 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the transaction, the director now owns 21,549 shares of the company’s stock, valued at approximately $25,008,691.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 2,391 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the completion of the transaction, the director now directly owns 21,549 shares in the company, valued at approximately $25,008,691.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,087 shares of company stock valued at $69,840,358. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Trading Up 3.2 %

TDG stock traded up $38.95 during mid-day trading on Tuesday, reaching $1,239.88. The company’s stock had a trading volume of 111,654 shares, compared to its average volume of 205,664. TransDigm Group Incorporated has a 12 month low of $741.74 and a 12 month high of $1,248.39. The business’s 50 day moving average price is $1,194.55 and its 200 day moving average price is $1,051.85. The company has a market cap of $68.95 billion, a price-to-earnings ratio of 52.40, a price-to-earnings-growth ratio of 2.42 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating the consensus estimate of $6.41 by $0.75. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. TransDigm Group’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.15 EPS. As a group, equities analysts expect that TransDigm Group Incorporated will post 29.08 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.