Oakworth Capital Inc. Makes New $26,000 Investment in TransDigm Group Incorporated (NYSE:TDG)

Oakworth Capital Inc. bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 26 shares of the aerospace company’s stock, valued at approximately $26,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of TransDigm Group during the fourth quarter worth $25,000. International Assets Investment Management LLC purchased a new stake in TransDigm Group during the 3rd quarter worth about $36,000. Optiver Holding B.V. acquired a new stake in TransDigm Group in the 3rd quarter valued at about $35,000. Resurgent Financial Advisors LLC purchased a new position in shares of TransDigm Group in the 4th quarter valued at about $30,000. Finally, Impact Partnership Wealth LLC purchased a new stake in shares of TransDigm Group during the third quarter worth approximately $41,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TDG has been the subject of several recent analyst reports. Citigroup lifted their price objective on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. The Goldman Sachs Group increased their price objective on TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a report on Tuesday. Barclays increased their price target on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. Truist Financial upped their price objective on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, TransDigm Group has an average rating of “Moderate Buy” and an average price target of $1,163.27.

TransDigm Group Stock Performance

TDG stock opened at $1,213.50 on Friday. The company has a 50 day moving average price of $1,191.38 and a two-hundred day moving average price of $1,043.56. The stock has a market capitalization of $67.48 billion, a P/E ratio of 51.51, a PEG ratio of 2.50 and a beta of 1.42. TransDigm Group Incorporated has a one year low of $741.74 and a one year high of $1,248.39.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, beating the consensus estimate of $6.41 by $0.75. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The firm’s revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.15 EPS. Research analysts forecast that TransDigm Group Incorporated will post 29.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,439,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director W Nicholas Howley sold 2,391 shares of TransDigm Group stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the transaction, the director now owns 21,549 shares in the company, valued at approximately $25,008,691.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,439,160. The disclosure for this sale can be found here. Insiders have sold a total of 59,087 shares of company stock valued at $69,840,358 over the last quarter. Company insiders own 4.96% 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.