Pittenger & Anderson Inc. Boosts Holdings in TransDigm Group Incorporated (NYSE:TDG)

Pittenger & Anderson Inc. increased its position in TransDigm Group Incorporated (NYSE:TDG) by 12.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,939 shares of the aerospace company’s stock after purchasing an additional 323 shares during the quarter. Pittenger & Anderson Inc.’s holdings in TransDigm Group were worth $2,973,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA acquired a new position in shares of TransDigm Group in the 4th quarter valued at approximately $25,000. Oakworth Capital Inc. acquired a new stake in TransDigm Group in the fourth quarter valued at $26,000. Optiver Holding B.V. bought a new position in TransDigm Group during the 3rd quarter valued at $35,000. Oliver Lagore Vanvalin Investment Group grew its holdings in TransDigm Group by 48.0% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 12 shares in the last quarter. Finally, Impact Partnership Wealth LLC bought a new stake in shares of TransDigm Group in the 3rd quarter worth about $41,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $4,439,160. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,439,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $9,921,433.28. 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 in the last 90 days. 4.96% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TDG shares. Barclays lifted their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Monday, February 12th. Royal Bank of Canada boosted their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a report on Friday, February 9th. JPMorgan Chase & Co. lifted their price objective on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. The Goldman Sachs Group increased their target price on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Truist Financial lifted their price target on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,170.27.

TransDigm Group Trading Up 1.2 %

TDG stock traded up $14.96 on Thursday, hitting $1,256.58. 229,227 shares of the company’s stock traded hands, compared to its average volume of 207,892. The stock has a market cap of $69.88 billion, a price-to-earnings ratio of 53.20, a P/E/G ratio of 2.53 and a beta of 1.42. TransDigm Group Incorporated has a 1-year low of $741.74 and a 1-year high of $1,265.25. The stock has a fifty day moving average of $1,198.81 and a 200-day moving average of $1,055.92.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping the consensus estimate of $6.41 by $0.75. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company’s revenue was up 28.1% compared to the same quarter last year. During the same period last year, the company posted $4.15 EPS. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 29.08 earnings per share for the current fiscal year.

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.