Resources Investment Advisors LLC. raised its position in TransDigm Group Incorporated (NYSE:TDG – Free Report) by 19.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 401 shares of the aerospace company’s stock after purchasing an additional 65 shares during the quarter. Resources Investment Advisors LLC.’s holdings in TransDigm Group were worth $296,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in TransDigm Group during the 4th quarter worth approximately $180,823,000. Point72 Asset Management L.P. grew its position in TransDigm Group by 954.9% during the 4th quarter. Point72 Asset Management L.P. now owns 306,307 shares of the aerospace company’s stock worth $192,866,000 after purchasing an additional 277,270 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of TransDigm Group by 103.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 358,970 shares of the aerospace company’s stock worth $226,026,000 after acquiring an additional 182,491 shares during the period. American Century Companies Inc. grew its position in TransDigm Group by 49.7% during the fourth quarter. American Century Companies Inc. now owns 455,242 shares of the aerospace company’s stock worth $286,643,000 after buying an additional 151,122 shares during the period. Finally, Vanguard Group Inc. grew its position in TransDigm Group by 2.1% during the first 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 period. 95.10% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at TransDigm Group
In related news, CEO Kevin M. Stein sold 11,833 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $812.68, for a total value of $2,438,040.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $2,925,648. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin M. Stein sold 11,833 shares of the business’s stock in a transaction on Friday, June 9th. The stock was 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 59,602 shares of company stock valued at $51,247,446 in the last quarter. Insiders own 7.18% of the company’s stock.
TransDigm Group Price Performance
TransDigm Group (NYSE:TDG – Get Free Report) last posted its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $7.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $1.38. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.69 billion. TransDigm Group had a net margin of 18.41% and a negative return on equity of 39.57%. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same period last year, the firm posted $4.36 EPS. On average, sell-side analysts expect that TransDigm Group Incorporated will post 22.86 EPS for the current year.
Analyst Ratings Changes
Several brokerages recently issued reports on TDG. Truist Financial upped their price objective on shares of TransDigm Group from $870.00 to $1,044.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Susquehanna upped their price objective 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. Bank of America increased their price target on shares of TransDigm Group from $980.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Robert W. Baird increased their price target on shares of TransDigm Group from $960.00 to $1,013.00 in a research note on Wednesday, August 9th. Finally, Morgan Stanley increased their price target on shares of TransDigm Group from $793.00 to $1,000.00 in a research note on Monday, May 15th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $920.54.
Get Our Latest Stock Analysis on TransDigm Group
About TransDigm Group
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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