Summit Trail Advisors LLC Sells 11 Shares of TransDigm Group Incorporated (NYSE:TDG)

Summit Trail Advisors LLC trimmed its stake in TransDigm Group Incorporated (NYSE:TDG) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 831 shares of the aerospace company’s stock after selling 11 shares during the period. Summit Trail Advisors LLC’s holdings in TransDigm Group were worth $841,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA purchased a new position in shares of TransDigm Group in the 4th quarter worth approximately $25,000. Oakworth Capital Inc. purchased a new stake in shares of TransDigm Group in the 4th quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group lifted its stake in shares of TransDigm Group by 48.0% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 12 shares during the last quarter. Optiver Holding B.V. bought a new stake in TransDigm Group in the third quarter valued at approximately $35,000. Finally, Blue Trust Inc. grew its holdings in TransDigm Group by 134.8% in the 4th quarter. Blue Trust Inc. now owns 54 shares of the aerospace company’s stock worth $55,000 after acquiring an additional 31 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director W Nicholas Howley sold 2,391 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other TransDigm Group news, Director Michael Graff sold 3,460 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the transaction, the director now owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 2,391 shares of TransDigm Group stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total value 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 disclosure for this sale can be found here. Insiders sold 59,087 shares of company stock valued at $69,840,358 over the last three months. 4.96% of the stock is owned by company insiders.

Analysts Set New Price Targets

TDG has been the topic of a number of research analyst reports. Truist Financial boosted their price objective on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research report on Friday, February 9th. KeyCorp boosted their price objective on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. Stifel Nicolaus raised their target price on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Finally, Susquehanna increased their price target on shares of TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,170.27.

TransDigm Group Stock Performance

TDG stock traded down $37.69 during trading on Tuesday, hitting $1,263.94. 120,047 shares of the company’s stock traded hands, compared to its average volume of 206,519. TransDigm Group Incorporated has a 52 week low of $766.00 and a 52 week high of $1,309.43. The stock has a market capitalization of $70.29 billion, a price-to-earnings ratio of 55.19, a P/E/G ratio of 2.63 and a beta of 1.40. The business has a fifty day simple moving average of $1,214.49 and a 200 day simple moving average of $1,080.42.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, topping the consensus estimate of $7.42 by $0.57. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business posted $5.39 earnings per share. The firm’s revenue was up 20.5% on a year-over-year basis. Research analysts forecast that TransDigm Group Incorporated will post 29.08 earnings per share 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.