MAI Capital Management lessened its stake in TransDigm Group Incorporated (NYSE:TDG – Free Report) by 39.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 575 shares of the aerospace company’s stock after selling 372 shares during the period. MAI Capital Management’s holdings in TransDigm Group were worth $424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of TransDigm Group by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,602,332 shares of the aerospace company’s stock worth $3,650,144,000 after buying an additional 117,137 shares during the last quarter. Geode Capital Management LLC grew its holdings in TransDigm Group by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,036,174 shares of the aerospace company’s stock worth $651,215,000 after purchasing an additional 27,640 shares during the last quarter. Morgan Stanley lifted its holdings in shares of TransDigm Group by 10.0% during the 4th quarter. Morgan Stanley now owns 640,696 shares of the aerospace company’s stock valued at $403,415,000 after purchasing an additional 58,189 shares during the last quarter. Fred Alger Management LLC boosted its position in shares of TransDigm Group by 14.9% in the 4th quarter. Fred Alger Management LLC now owns 590,657 shares of the aerospace company’s stock worth $371,907,000 after purchasing an additional 76,528 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of TransDigm Group by 49.7% in the 4th quarter. American Century Companies Inc. now owns 455,242 shares of the aerospace company’s stock worth $286,643,000 after purchasing an additional 151,122 shares in the last quarter. 95.10% of the stock is currently owned by institutional investors.
Insider Activity
In related news, CEO Kevin M. Stein sold 11,833 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $798.13, for a total transaction of $9,444,272.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $812.68, for a total transaction of $2,438,040.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $2,925,648. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin M. Stein sold 11,833 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $798.13, for a total transaction of $9,444,272.29. The disclosure for this sale can be found here. Insiders have sold a total of 59,602 shares of company stock worth $51,247,446 over the last 90 days. 7.18% of the stock is currently owned by company insiders.
TransDigm Group Stock Up 1.2 %
TransDigm Group (NYSE:TDG – Get Free Report) last announced its earnings results on Tuesday, August 8th. The aerospace company reported $7.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.87 by $1.38. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.69 billion. TransDigm Group had a negative return on equity of 39.57% and a net margin of 18.41%. The business’s revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.36 EPS. On average, analysts anticipate that TransDigm Group Incorporated will post 22.86 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Truist Financial increased their price target on TransDigm Group from $870.00 to $1,044.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Robert W. Baird lifted their target price on shares of TransDigm Group from $960.00 to $1,013.00 in a research note on Wednesday, August 9th. Susquehanna upped their price target on shares of TransDigm Group from $820.00 to $850.00 and gave the company a “neutral” rating in a research note on Wednesday, August 9th. Wells Fargo & Company raised their price target on shares of TransDigm Group from $840.00 to $910.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 15th. Finally, Royal Bank of Canada raised their target price on TransDigm Group from $920.00 to $975.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Three investment 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $920.54.
View Our Latest Stock Analysis on TDG
TransDigm Group Profile
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.
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