Brown Advisory Inc. Acquires 183 Shares of TransDigm Group Incorporated (NYSE:TDG)

Posted by on Jun 11th, 2023

Brown Advisory Inc. lifted its holdings in TransDigm Group Incorporated (NYSE:TDG – Get Rating) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,789 shares of the aerospace company’s stock after purchasing an additional 183 shares during the period. Brown Advisory Inc.’s holdings in TransDigm Group were worth $9,942,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of TransDigm Group by 2.1% in the first quarter. Vanguard Group Inc. now owns 5,602,332 shares of the aerospace company’s stock worth $3,650,144,000 after purchasing an additional 117,137 shares during the period. BlackRock Inc. grew its position in TransDigm Group by 1.3% during the third quarter. BlackRock Inc. now owns 4,790,298 shares of the aerospace company’s stock worth $2,514,044,000 after buying an additional 60,702 shares in the last quarter. Geode Capital Management LLC grew its position in TransDigm Group by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,036,174 shares of the aerospace company’s stock worth $651,215,000 after buying an additional 27,640 shares in the last quarter. Lone Pine Capital LLC acquired a new stake in TransDigm Group during the third quarter worth about $387,067,000. Finally, Fred Alger Management LLC grew its position in TransDigm Group by 1.3% during the third quarter. Fred Alger Management LLC now owns 514,129 shares of the aerospace company’s stock worth $269,826,000 after buying an additional 6,709 shares in the last quarter. 96.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TDG has been the topic of a number of recent research reports. Susquehanna lifted their target price on TransDigm Group from $750.00 to $820.00 in a research report on Wednesday, May 10th. Truist Financial lifted their target price on TransDigm Group from $840.00 to $870.00 in a research report on Wednesday, May 10th. Barclays lifted their target price on TransDigm Group from $840.00 to $930.00 in a research report on Sunday, May 14th. Credit Suisse Group lifted their price objective on TransDigm Group from $830.00 to $841.00 and gave the company an “outperform” rating in a report on Wednesday, March 22nd. Finally, StockNews.com assumed coverage on TransDigm Group in a report on Thursday, May 18th. They set a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $834.71.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $701.38, for a total value of $4,558,970.00. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at approximately $15,113,336.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TransDigm Group news, CAO Sarah Wynne sold 180 shares of the company’s stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $720.41, for a total transaction of $129,673.80. Following the completion of the sale, the chief accounting officer now owns 700 shares in the company, valued at approximately $504,287. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 6,500 shares of the company’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $701.38, for a total transaction of $4,558,970.00. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $15,113,336.24. The disclosure for this sale can be found here. Insiders sold 26,074 shares of company stock worth $19,663,423 in the last quarter. Insiders own 7.18% of the company’s stock.

TransDigm Group Trading Down 0.9 %

NYSE:TDG opened at $800.01 on Friday. TransDigm Group Incorporated has a 1 year low of $499.63 and a 1 year high of $831.58. The firm has a 50 day moving average of $774.77 and a 200-day moving average of $716.51. The stock has a market capitalization of $43.94 billion, a P/E ratio of 47.82, a price-to-earnings-growth ratio of 1.48 and a beta of 1.37.

TransDigm Group (NYSE:TDG – Get Rating) last posted its earnings results on Tuesday, May 9th. The aerospace company reported $5.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $1.00. TransDigm Group had a net margin of 17.57% and a negative return on equity of 34.11%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the company posted $3.29 earnings per share. TransDigm Group’s quarterly revenue was up 20.0% compared to the same quarter last year. As a group, analysts forecast that TransDigm Group Incorporated will post 21.49 EPS for the current fiscal year.

About TransDigm Group

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding TDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TransDigm Group Incorporated (NYSE:TDG – Get Rating).

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

Receive News & Ratings for TransDigm Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group and related companies with MarketBeat.com's FREE daily email newsletter.