Global Retirement Partners LLC Acquires 890 Shares of TransDigm Group Incorporated (NYSE:TDG)

Global Retirement Partners LLC raised its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 417.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,103 shares of the aerospace company’s stock after purchasing an additional 890 shares during the quarter. Global Retirement Partners LLC’s holdings in TransDigm Group were worth $1,398,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Advisor Group LLC raised its holdings in shares of TransDigm Group by 22.9% in the third quarter. Private Advisor Group LLC now owns 1,747 shares of the aerospace company’s stock valued at $2,494,000 after acquiring an additional 325 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of TransDigm Group by 108,517.8% in the third quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock valued at $69,755,000 after acquiring an additional 48,833 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of TransDigm Group by 3.7% in the third quarter. Brighton Jones LLC now owns 1,068 shares of the aerospace company’s stock valued at $1,525,000 after acquiring an additional 38 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of TransDigm Group by 23.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 494 shares of the aerospace company’s stock valued at $705,000 after acquiring an additional 94 shares in the last quarter. Finally, DT Investment Partners LLC raised its holdings in shares of TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 11 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $28,355,659.64. The trade was a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert J. Small sold 3,650 shares of TransDigm Group stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $1,322.19, for a total value of $4,825,993.50. Following the sale, the director now directly owns 15,539 shares of the company’s stock, valued at $20,545,510.41. This trade represents a 19.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,647 shares of company stock valued at $151,878,163 over the last quarter. 4.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays restated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Truist Financial lifted their target price 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 lowered TransDigm Group from a “buy” rating to a “hold” rating and cut their target price for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and an average price target of $1,462.35.

TransDigm Group Stock Down 1.6 %

TransDigm Group stock opened at $1,291.58 on Friday. TransDigm Group Incorporated has a 52 week low of $1,136.27 and a 52 week high of $1,451.32. The company has a market capitalization of $72.44 billion, a price-to-earnings ratio of 45.56, a price-to-earnings-growth ratio of 2.82 and a beta of 1.40. The stock has a 50-day moving average price of $1,306.06 and a 200 day moving average price of $1,319.28.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the company posted $7.16 earnings per share. The company’s revenue was up 12.1% compared to the same quarter last year. Research analysts anticipate that TransDigm Group Incorporated will post 35.13 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.