Net Worth Advisory Group Increases Holdings in TransDigm Group Incorporated (NYSE:TDG)

Net Worth Advisory Group grew its holdings in TransDigm Group Incorporated (NYSE:TDG) by 93.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 459 shares of the aerospace company’s stock after buying an additional 222 shares during the quarter. Net Worth Advisory Group’s holdings in TransDigm Group were worth $635,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TDG. Quent Capital LLC lifted its stake in TransDigm Group by 6.5% in the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock worth $167,000 after acquiring an additional 8 shares during the period. Lindbrook Capital LLC lifted its position in shares of TransDigm Group by 3.6% in the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock worth $293,000 after purchasing an additional 8 shares during the period. Rothschild Investment LLC lifted its position in shares of TransDigm Group by 13.1% in the 1st quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company’s stock worth $95,000 after purchasing an additional 8 shares during the period. TFB Advisors LLC boosted its stake in shares of TransDigm Group by 2.3% during the 4th quarter. TFB Advisors LLC now owns 399 shares of the aerospace company’s stock valued at $506,000 after purchasing an additional 9 shares in the last quarter. Finally, Howard Capital Management Inc. increased its position in shares of TransDigm Group by 3.4% during the fourth quarter. Howard Capital Management Inc. now owns 276 shares of the aerospace company’s stock valued at $350,000 after buying an additional 9 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,896,144. This represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $1,346.30, for a total value of $7,366,953.60. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $29,010,072.40. This represents a 20.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 88,713 shares of company stock valued at $126,128,237 over the last three months. Insiders own 4.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TDG. UBS Group lifted their price objective on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Wall Street Zen upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 17th. Northcoast Research raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target on the stock in a research note on Wednesday, April 9th. Truist Financial lowered their price objective on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Finally, Wells Fargo & Company boosted their target price on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and an average target price of $1,505.23.

TransDigm Group Stock Down 0.2%

Shares of NYSE TDG opened at $1,429.79 on Thursday. The firm has a market cap of $80.31 billion, a P/E ratio of 50.43, a PEG ratio of 2.76 and a beta of 1.05. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54. The company has a 50 day moving average of $1,390.36 and a 200 day moving average of $1,340.80.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping the consensus estimate of $8.83 by $0.28. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the business earned $7.99 earnings per share. The company’s revenue was up 12.0% on a year-over-year basis. As a group, equities analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

TransDigm Group 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.