Wealthspire Advisors LLC Acquires 36 Shares of TransDigm Group Incorporated (NYSE:TDG)

Wealthspire Advisors LLC lifted its stake in TransDigm Group Incorporated (NYSE:TDG) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180 shares of the aerospace company’s stock after acquiring an additional 36 shares during the period. Wealthspire Advisors LLC’s holdings in TransDigm Group were worth $228,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TDG. Navellier & Associates Inc. grew its position in TransDigm Group by 4.2% during the fourth quarter. Navellier & Associates Inc. now owns 2,273 shares of the aerospace company’s stock worth $2,881,000 after buying an additional 91 shares in the last quarter. VisionPoint Advisory Group LLC increased its position in shares of 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 during the last quarter. Paradigm Asset Management Co. LLC purchased a new stake in TransDigm Group in the fourth quarter valued at approximately $127,000. PYA Waltman Capital LLC lifted its position in TransDigm Group by 0.6% during the fourth quarter. PYA Waltman Capital LLC now owns 11,532 shares of the aerospace company’s stock valued at $14,614,000 after purchasing an additional 64 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in TransDigm Group by 5.9% in the 4th quarter. Concurrent Investment Advisors LLC now owns 753 shares of the aerospace company’s stock worth $954,000 after buying an additional 42 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director Robert J. Small sold 38,053 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the sale, the director now owns 567,323 shares of the company’s stock, valued at approximately $708,461,615.94. The trade was a 6.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $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 121,647 shares of company stock valued at $155,847,223 in the last ninety days. Corporate insiders own 4.09% of the company’s stock.

TransDigm Group Stock Performance

Shares of TransDigm Group stock opened at $1,348.25 on Friday. TransDigm Group Incorporated has a one year low of $1,136.27 and a one year high of $1,451.32. The company has a market capitalization of $75.62 billion, a PE ratio of 47.56, a P/E/G ratio of 2.76 and a beta of 1.40. The company has a 50-day simple moving average of $1,312.27 and a two-hundred day simple moving average of $1,322.71.

TransDigm Group (NYSE:TDG) last posted 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 company had revenue of $2.01 billion during 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%. TransDigm Group’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 posted $7.16 earnings per share. On average, equities analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Truist Financial upped their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Barclays reissued an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Finally, Citigroup increased their target price on shares of 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 investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,472.47.

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.