UNIVEST FINANCIAL Corp Has $405,000 Holdings in TransDigm Group Incorporated (NYSE:TDG)

UNIVEST FINANCIAL Corp grew its position in TransDigm Group Incorporated (NYSE:TDG) by 48.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 317 shares of the aerospace company’s stock after purchasing an additional 103 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in TransDigm Group were worth $405,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fisher Asset Management LLC acquired a new stake in shares of TransDigm Group during the fourth quarter worth $267,000. Spire Wealth Management raised its stake in TransDigm Group by 73.1% in the 4th quarter. Spire Wealth Management now owns 348 shares of the aerospace company’s stock worth $368,000 after purchasing an additional 147 shares in the last quarter. Private Advisor Group LLC boosted its holdings in TransDigm Group by 36.4% in the 4th quarter. Private Advisor Group LLC now owns 734 shares of the aerospace company’s stock valued at $742,000 after purchasing an additional 196 shares during the period. Apollon Wealth Management LLC grew its position in shares of TransDigm Group by 33.5% during the 4th quarter. Apollon Wealth Management LLC now owns 486 shares of the aerospace company’s stock worth $492,000 after purchasing an additional 122 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of TransDigm Group during the fourth quarter worth approximately $210,000. Institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,019,981.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other TransDigm Group news, Director Robert J. Small sold 21,210 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $1,315.87, for a total transaction of $27,909,602.70. Following the completion of the sale, the director now owns 100,962 shares of the company’s stock, valued at approximately $132,852,866.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,019,981.92. The disclosure for this sale can be found here. Insiders have sold 71,783 shares of company stock valued at $92,191,316 in the last ninety days. 4.96% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TDG. Susquehanna boosted their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Truist Financial upped their target price on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. increased their target price on TransDigm Group from $1,350.00 to $1,435.00 and gave the stock a “neutral” rating in a report on Wednesday. Morgan Stanley boosted their price target on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, UBS Group reduced their price objective on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,438.24.

TransDigm Group Stock Down 2.6 %

NYSE TDG opened at $1,294.17 on Friday. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,380.83. The business’s fifty day moving average is $1,276.20 and its 200 day moving average is $1,262.52. The company has a market cap of $72.62 billion, a price-to-earnings ratio of 51.34, a price-to-earnings-growth ratio of 2.14 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the firm posted $6.55 earnings per share. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, research analysts anticipate that TransDigm Group Incorporated will post 30.57 earnings per share for the current fiscal year.

TransDigm Group Company 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.