LPL Financial LLC Purchases 1,671 Shares of TransDigm Group Incorporated (NYSE:TDG)

Posted by Defense World Staff on May 18th, 2023

LPL Financial LLC raised its position in TransDigm Group Incorporated (NYSE:TDG – Get Rating) by 37.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,167 shares of the aerospace company’s stock after buying an additional 1,671 shares during the period. LPL Financial LLC’s holdings in TransDigm Group were worth $3,883,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of TransDigm Group in the 3rd quarter valued at $27,000. Guardian Wealth Advisors LLC acquired a new position in shares of TransDigm Group in the 3rd quarter valued at $33,000. Kistler Tiffany Companies LLC lifted its stake in shares of TransDigm Group by 1,675.0% in the 4th quarter. Kistler Tiffany Companies LLC now owns 71 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 67 shares during the period. Column Capital Advisors LLC acquired a new position in shares of TransDigm Group in the 4th quarter valued at $45,000. Finally, Capital Directions Investment Advisors LLC acquired a new position in shares of TransDigm Group in the 4th quarter valued at $67,000. 96.00% of the stock is currently owned by institutional investors.

TransDigm Group Price Performance

Shares of NYSE TDG opened at $819.92 on Thursday. TransDigm Group Incorporated has a fifty-two week low of $499.63 and a fifty-two week high of $826.28. The stock has a market capitalization of $45.04 billion, a price-to-earnings ratio of 49.01, a PEG ratio of 2.11 and a beta of 1.37. The business has a 50-day moving average of $747.55 and a 200-day moving average of $693.29.

TransDigm Group (NYSE:TDG – Get Rating) last posted its quarterly earnings results on Tuesday, May 9th. The aerospace company reported $5.98 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $1.00. TransDigm Group had a negative return on equity of 34.11% and a net margin of 17.57%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the company posted $3.29 earnings per share. TransDigm Group’s quarterly revenue was up 20.0% on a year-over-year basis. On average, sell-side analysts expect that TransDigm Group Incorporated will post 20.84 EPS for the current year.

Insiders Place Their Bets

In other TransDigm Group news, CAO Sarah Wynne sold 180 shares of the stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $720.41, for a total transaction of $129,673.80. Following the transaction, the chief accounting officer now owns 700 shares in the company, valued at approximately $504,287. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Robert J. Small sold 4,439 shares of the firm’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $739.22, for a total transaction of $3,281,397.58. Following the transaction, the director now directly owns 57,599 shares of the company’s stock, valued at $42,578,332.78. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Sarah Wynne sold 180 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $720.41, for a total transaction of $129,673.80. Following the transaction, the chief accounting officer now directly owns 700 shares in the company, valued at $504,287. The disclosure for this sale can be found here. Insiders sold 30,513 shares of company stock worth $22,944,820 over the last three months. Insiders own 7.18% of the company’s stock.

Wall Street Analyst Weigh In

TDG has been the topic of several research analyst reports. Bank of America raised their price objective on TransDigm Group from $890.00 to $980.00 in a research note on Tuesday. Barclays raised their price objective on TransDigm Group from $840.00 to $930.00 in a research note on Sunday. Susquehanna raised their price objective on TransDigm Group from $750.00 to $820.00 in a research note on Wednesday, May 10th. Credit Suisse Group increased their target price on TransDigm Group from $830.00 to $841.00 and gave the stock an “outperform” rating in a report on Wednesday, March 22nd. Finally, Truist Financial increased their target price on TransDigm Group from $840.00 to $870.00 in a report on Wednesday, May 10th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $834.71.

TransDigm Group Company Profile

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TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe, and Non-Aviation. The Power and Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.

Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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