First Horizon Advisors Inc. Has $511,000 Stake in TransDigm Group Incorporated (NYSE:TDG)

First Horizon Advisors Inc. decreased its stake in TransDigm Group Incorporated (NYSE:TDG) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 402 shares of the aerospace company’s stock after selling 22 shares during the quarter. First Horizon Advisors Inc.’s holdings in TransDigm Group were worth $511,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TDG. Navellier & Associates Inc. boosted its stake in TransDigm Group by 4.2% in the fourth quarter. Navellier & Associates Inc. now owns 2,273 shares of the aerospace company’s stock worth $2,881,000 after purchasing an additional 91 shares in the last quarter. VisionPoint Advisory Group LLC boosted its stake in TransDigm Group by 34.7% in the fourth quarter. VisionPoint Advisory Group LLC now owns 163 shares of the aerospace company’s stock worth $204,000 after purchasing an additional 42 shares in the last quarter. Paradigm Asset Management Co. LLC acquired a new position in TransDigm Group in the fourth quarter worth $127,000. PYA Waltman Capital LLC boosted its stake in TransDigm Group by 0.6% in the fourth quarter. PYA Waltman Capital LLC now owns 11,532 shares of the aerospace company’s stock worth $14,614,000 after purchasing an additional 64 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in TransDigm Group by 5.9% in the fourth quarter. Concurrent Investment Advisors LLC now owns 753 shares of the aerospace company’s stock worth $954,000 after purchasing an additional 42 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 equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Truist Financial upped their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, Citigroup upped their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,472.47.

TransDigm Group Stock Performance

Shares of NYSE TDG opened at $1,314.99 on Tuesday. The stock has a 50 day moving average price of $1,307.41 and a 200 day moving average price of $1,321.84. The stock has a market capitalization of $73.74 billion, a PE ratio of 46.38, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. TransDigm Group Incorporated has a 52 week low of $1,136.27 and a 52 week high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.16 earnings per share. As a group, research analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director Robert J. Small sold 38,053 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the sale, the director now owns 567,323 shares in the company, valued at $708,461,615.94. This represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,181,755.06. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 118,647 shares of company stock worth $151,878,163 over the last 90 days. Company insiders own 4.09% of the company’s stock.

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.