Allworth Financial LP Grows Stake in TransDigm Group Incorporated (NYSE:TDG)

Allworth Financial LP lifted its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 13.8% in the fourth quarter, Holdings Channel reports. The firm owned 281 shares of the aerospace company’s stock after buying an additional 34 shares during the period. Allworth Financial LP’s holdings in TransDigm Group were worth $381,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TDG. Private Advisor Group LLC increased its stake in shares of TransDigm Group by 22.9% during the third quarter. Private Advisor Group LLC now owns 1,747 shares of the aerospace company’s stock worth $2,494,000 after purchasing an additional 325 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of TransDigm Group by 108,517.8% during the third quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock worth $69,755,000 after purchasing an additional 48,833 shares in the last quarter. Brighton Jones LLC increased its stake in shares of TransDigm Group by 3.7% during the third quarter. Brighton Jones LLC now owns 1,068 shares of the aerospace company’s stock worth $1,525,000 after purchasing an additional 38 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of TransDigm Group by 23.5% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 494 shares of the aerospace company’s stock worth $705,000 after purchasing an additional 94 shares in the last quarter. Finally, DT Investment Partners LLC grew its stake in TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

TDG has been the subject of several research reports. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Citigroup upped their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Finally, Truist Financial upped their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,462.35.

Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,181,755.06. This represents a 71.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert J. Small sold 38,053 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the completion of the transaction, the director now owns 567,323 shares in the company, valued at approximately $708,461,615.94. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 118,647 shares of company stock worth $151,878,163. 4.09% of the stock is currently owned by insiders.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,291.58 on Friday. The firm’s 50 day moving average price is $1,306.06 and its 200-day moving average price is $1,319.28. TransDigm Group Incorporated has a one year low of $1,136.27 and a one year high of $1,451.32. The firm has a market cap of $72.44 billion, a P/E ratio of 45.56, a P/E/G ratio of 2.82 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the business posted $7.16 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, research analysts predict that TransDigm Group Incorporated will post 35.13 EPS 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.