Wealthspire Advisors LLC Boosts Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Wealthspire Advisors LLC increased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 25.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 180 shares of the aerospace company’s stock after buying an additional 36 shares during the quarter. Wealthspire Advisors LLC’s holdings in TransDigm Group were worth $228,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Souders Financial Advisors boosted its stake in shares of TransDigm Group by 1.0% during the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after acquiring an additional 8 shares in the last quarter. Prosperity Financial Group Inc. raised its holdings in TransDigm Group by 3.6% in the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock worth $328,000 after purchasing an additional 8 shares during the period. Resonant Capital Advisors LLC boosted its position in TransDigm Group by 1.8% during the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock worth $585,000 after purchasing an additional 8 shares in the last quarter. Quent Capital LLC grew its holdings in TransDigm Group by 6.5% in the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock valued at $167,000 after purchasing an additional 8 shares during the period. Finally, CX Institutional increased its position in shares of TransDigm Group by 5.4% in the fourth quarter. CX Institutional now owns 175 shares of the aerospace company’s stock valued at $222,000 after buying an additional 9 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Performance

TransDigm Group stock opened at $1,348.25 on Friday. The firm has a market capitalization of $75.62 billion, a price-to-earnings ratio of 47.56, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. TransDigm Group Incorporated has a fifty-two week low of $1,136.27 and a fifty-two week high of $1,451.32. The stock’s fifty day moving average is $1,312.27 and its two-hundred day moving average is $1,322.71.

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

Insiders Place Their Bets

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,181,755.06. This represents a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the transaction, the director now directly owns 567,323 shares in the company, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,647 shares of company stock valued at $155,847,223 in the last quarter. 4.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TDG has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Citigroup boosted their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a research note on Monday. Finally, Truist Financial boosted their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and an average price target of $1,472.47.

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.