TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lowered its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 563 shares of the aerospace company’s stock after selling 9 shares during the quarter. Transcend Capital Advisors LLC’s holdings in TransDigm Group were worth $570,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wedge Capital Management L L P NC grew its holdings in shares of TransDigm Group by 2,361.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company’s stock valued at $79,909,000 after purchasing an additional 75,784 shares during the period. Townsquare Capital LLC increased its holdings in shares of TransDigm Group by 4.5% during the 3rd quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company’s stock worth $2,235,000 after buying an additional 114 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of TransDigm Group by 26.2% during the 4th quarter. Pacer Advisors Inc. now owns 5,727 shares of the aerospace company’s stock valued at $5,793,000 after buying an additional 1,188 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in TransDigm Group by 14.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 7,404 shares of the aerospace company’s stock valued at $7,490,000 after acquiring an additional 962 shares during the last quarter. Finally, Chicago Capital LLC lifted its holdings in TransDigm Group by 3.3% in the fourth quarter. Chicago Capital LLC now owns 48,317 shares of the aerospace company’s stock valued at $48,877,000 after acquiring an additional 1,523 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. The Goldman Sachs Group lifted their price target on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Citigroup boosted their price target on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Stifel Nicolaus lifted their target price on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. Finally, Truist Financial upped their price target on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,170.27.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 2,391 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 21,549 shares of the company’s stock, valued at $25,008,691.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other TransDigm Group news, Director W Nicholas Howley sold 2,391 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was 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 of the company’s stock, valued at $25,008,691.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group 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 sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,439,160. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,087 shares of company stock worth $69,840,358. 4.96% of the stock is currently owned by insiders.

TransDigm Group Stock Performance

TDG stock opened at $1,257.10 on Tuesday. TransDigm Group Incorporated has a fifty-two week low of $750.86 and a fifty-two week high of $1,269.51. The firm has a market capitalization of $69.91 billion, a price-to-earnings ratio of 53.36, a PEG ratio of 2.56 and a beta of 1.42. The company’s 50 day moving average price is $1,205.25 and its 200 day moving average price is $1,065.56.

TransDigm Group (NYSE:TDG) last posted its 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 firm had revenue of $1.79 billion for 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%. TransDigm Group’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.15 earnings per share. Equities analysts forecast that TransDigm Group Incorporated will post 29.08 EPS for the current fiscal year.

TransDigm Group 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.