Corient Private Wealth LLC Purchases 429 Shares of TransDigm Group Incorporated (NYSE:TDG)

Corient Private Wealth LLC increased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,726 shares of the aerospace company’s stock after purchasing an additional 429 shares during the period. Corient Private Wealth LLC’s holdings in TransDigm Group were worth $13,886,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Compagnie Lombard Odier SCmA bought a new position in shares of TransDigm Group during the fourth quarter worth $25,000. Oakworth Capital Inc. bought a new position in shares of TransDigm Group during the fourth quarter worth $26,000. Oliver Lagore Vanvalin Investment Group boosted its position in shares of TransDigm Group by 48.0% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 12 shares in the last quarter. VisionPoint Advisory Group LLC bought a new position in shares of TransDigm Group during the fourth quarter worth $37,000. Finally, Optiver Holding B.V. acquired a new stake in shares of TransDigm Group during the third quarter worth $35,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

TDG has been the topic of several recent research reports. Morgan Stanley lifted their price target on shares of TransDigm Group from $1,275.00 to $1,550.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. The Goldman Sachs Group boosted their price objective 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. Susquehanna boosted their price objective on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Wells Fargo & Company boosted their price objective on shares of TransDigm Group from $1,260.00 to $1,390.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 8th. Finally, Truist Financial boosted their price objective on shares of TransDigm Group from $1,267.00 to $1,425.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,327.44.

Insiders Place Their Bets

In related news, Director W Nicholas Howley sold 197 shares of TransDigm Group stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $1,318.14, for a total value of $259,673.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $1,172.26, for a total transaction of $3,516,780.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,220,136. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 197 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total value of $259,673.58. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 11 shares of company stock valued at $5,950 and have sold 40,203 shares valued at $49,550,425. 4.96% of the stock is owned by corporate insiders.

TransDigm Group Stock Performance

Shares of TDG traded up $19.59 during midday trading on Friday, hitting $1,350.31. 136,110 shares of the stock were exchanged, compared to its average volume of 233,096. The firm has a market cap of $75.56 billion, a P/E ratio of 53.56, a P/E/G ratio of 2.32 and a beta of 1.39. TransDigm Group Incorporated has a 52-week low of $768.23 and a 52-week high of $1,350.31. The stock has a fifty day simple moving average of $1,252.60 and a 200 day simple moving average of $1,122.94.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.39 EPS. As a group, equities research analysts forecast that TransDigm Group Incorporated will post 29.96 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.