Commonwealth Equity Services LLC Acquires 3,673 Shares of TransDigm Group Incorporated (NYSE:TDG)

Commonwealth Equity Services LLC raised its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 174.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,778 shares of the aerospace company’s stock after buying an additional 3,673 shares during the period. Commonwealth Equity Services LLC’s holdings in TransDigm Group were worth $7,322,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Erste Asset Management GmbH purchased a new stake in TransDigm Group during the 3rd quarter valued at $29,000. Capital Advisors Ltd. LLC raised its stake in TransDigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after buying an additional 16 shares during the last quarter. Trust Co. of Vermont increased its stake in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 18 shares in the last quarter. Finally, Sachetta LLC increased its stake in shares of TransDigm Group by 105.9% in the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 18 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Stock Down 0.8 %

TDG opened at $1,359.90 on Friday. The firm has a 50-day simple moving average of $1,333.54 and a two-hundred day simple moving average of $1,327.55. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The company has a market capitalization of $76.27 billion, a PE ratio of 47.97, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last announced its quarterly 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. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the firm earned $7.16 EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analysts Set New Price Targets

TDG has been the subject of several analyst reports. Barclays restated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. 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 research note on Tuesday, January 14th. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a research note on Monday, February 24th. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,472.47.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director Robert J. Small sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the completion of the sale, the director now owns 95,147 shares of the company’s stock, valued at $127,042,177.34. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,337,899.18. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,594 shares of company stock valued at $161,566,348. 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.