Moran Wealth Management LLC Invests $221,000 in Transdigm Group Incorporated (NYSE:TDG)

Moran Wealth Management LLC purchased a new position in shares of Transdigm Group Incorporated (NYSE:TDG) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 160 shares of the aerospace company’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also modified their holdings of TDG. Cornerstone Wealth Group LLC purchased a new position in Transdigm Group in the first quarter valued at $212,000. Family Legacy Inc. boosted its holdings in Transdigm Group by 4.6% in the first quarter. Family Legacy Inc. now owns 2,357 shares of the aerospace company’s stock valued at $3,261,000 after purchasing an additional 104 shares during the period. AssuredPartners Investment Advisors LLC purchased a new position in Transdigm Group in the first quarter valued at $202,000. Asset Management One Co. Ltd. boosted its holdings in Transdigm Group by 7.8% in the first quarter. Asset Management One Co. Ltd. now owns 30,864 shares of the aerospace company’s stock valued at $42,694,000 after purchasing an additional 2,228 shares during the period. Finally, Valmark Advisers Inc. boosted its holdings in Transdigm Group by 4.4% in the first quarter. Valmark Advisers Inc. now owns 1,275 shares of the aerospace company’s stock valued at $1,764,000 after purchasing an additional 54 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Truist Financial decreased their target price on Transdigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a report on Thursday, April 17th. UBS Group lifted their target price on Transdigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Wells Fargo & Company lifted their target price on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Susquehanna lifted their price target on Transdigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Wednesday, April 2nd. Finally, Northcoast Research raised Transdigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target for the company in a report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,532.47.

Insider Transactions at Transdigm Group

In other news, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $1,424.27, for a total transaction of $4,272,810.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $5,127,372. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $1,444.08, for a total value of $3,951,002.88. Following the sale, the director now owns 21,548 shares in the company, valued at $31,117,035.84. This trade represents a 11.27% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 142,149 shares of company stock worth $202,651,767. Corporate insiders own 4.09% of the company’s stock.

Transdigm Group Stock Performance

TDG opened at $1,502.93 on Friday. The business’s 50-day simple moving average is $1,424.74 and its 200-day simple moving average is $1,355.87. Transdigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,503.15. The stock has a market capitalization of $84.42 billion, a P/E ratio of 50.74, a price-to-earnings-growth ratio of 3.14 and a beta of 1.05.

Transdigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $8.83 by $0.28. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the firm earned $7.99 earnings per share. The business’s revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts forecast 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.