Deltec Asset Management LLC Purchases 400 Shares of TransDigm Group Incorporated (NYSE:TDG)

Deltec Asset Management LLC lifted its position in TransDigm Group Incorporated (NYSE:TDG) by 49.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,217 shares of the aerospace company’s stock after acquiring an additional 400 shares during the period. Deltec Asset Management LLC’s holdings in TransDigm Group were worth $1,542,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Souders Financial Advisors raised its holdings in TransDigm Group by 1.0% in the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after purchasing an additional 8 shares in the last quarter. Prosperity Financial Group Inc. grew its position in shares of TransDigm Group by 3.6% in the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock worth $328,000 after buying an additional 8 shares during the period. Resonant Capital Advisors LLC increased its stake in shares of TransDigm Group by 1.8% during the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock valued at $585,000 after purchasing an additional 8 shares in the last quarter. CX Institutional lifted its holdings in shares of TransDigm Group by 5.4% during the fourth quarter. CX Institutional now owns 175 shares of the aerospace company’s stock valued at $222,000 after purchasing an additional 9 shares during the last quarter. Finally, Western Financial Corp CA boosted its position in shares of TransDigm Group by 0.6% in the 4th quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company’s stock worth $1,902,000 after purchasing an additional 9 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction 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. The trade was a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $27,942,799.96. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,525 shares of company stock worth $112,769,801 over the last ninety days. Company insiders own 4.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Citigroup upped their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Truist Financial raised their price objective on shares of 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, Barclays reiterated an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Eight equities 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, the company has a consensus rating of “Moderate Buy” and an average target price of $1,455.00.

TransDigm Group Stock Performance

NYSE TDG opened at $1,306.98 on Wednesday. The stock has a 50 day moving average price of $1,291.32 and a 200-day moving average price of $1,314.15. TransDigm Group Incorporated has a one year low of $1,100.86 and a one year high of $1,451.32. The company has a market capitalization of $73.24 billion, a P/E ratio of 51.05, a P/E/G ratio of 3.06 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a net margin of 19.93% and a negative return on equity of 50.40%. The business’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the company posted $7.16 EPS. As a group, equities analysts predict that TransDigm Group Incorporated will post 34.11 EPS for the current fiscal year.

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.