Snowden Capital Advisors LLC lessened its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 89.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 212 shares of the aerospace company's stock after selling 1,729 shares during the period. Snowden Capital Advisors LLC's holdings in TransDigm Group were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in TDG. Capital Advisors Ltd. LLC raised its stake in TransDigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 16 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of TransDigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after buying an additional 21 shares in the last quarter. Sachetta LLC lifted its stake in shares of TransDigm Group by 105.9% in the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after acquiring an additional 18 shares during the period. CENTRAL TRUST Co boosted its holdings in shares of TransDigm Group by 280.0% in the fourth quarter. CENTRAL TRUST Co now owns 57 shares of the aerospace company's stock valued at $72,000 after acquiring an additional 42 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in TransDigm Group during the fourth quarter worth approximately $73,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $1,346.30, for a total transaction of $7,366,953.60. Following the completion of the sale, the director now owns 21,548 shares of the company's stock, valued at approximately $29,010,072.40. This trade represents a 20.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Small sold 20,000 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $1,340.20, for a total value of $26,804,000.00. Following the sale, the director now directly owns 95,356 shares of the company's stock, valued at $127,796,111.20. This trade represents a 17.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 149,713 shares of company stock worth $208,099,857. 4.09% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
TDG has been the topic of several research analyst reports. Northcoast Research upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a research report on Wednesday, April 9th. Susquehanna boosted their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Truist Financial cut their price target on shares of 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. Wells Fargo & Company lifted their price objective on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Wall Street Zen raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,490.20.
Read Our Latest Research Report on TDG
TransDigm Group Stock Up 0.1%
Shares of TransDigm Group stock traded up $1.54 during midday trading on Wednesday, hitting $1,455.30. The company's stock had a trading volume of 34,188 shares, compared to its average volume of 260,322. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,488.54. The firm has a market capitalization of $81.74 billion, a P/E ratio of 51.33, a PEG ratio of 2.76 and a beta of 1.09. The stock has a 50-day simple moving average of $1,371.82 and a 200-day simple moving average of $1,328.83.
TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company posted $7.99 EPS. As a group, sell-side analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.
TransDigm Group Profile
(
Free Report)
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.
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