Corient Private Wealth LLC Has $13.89 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Corient Private Wealth LLC raised its stake in TransDigm Group Incorporated (NYSE:TDG) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,726 shares of the aerospace company’s stock after acquiring an additional 429 shares during the period. Corient Private Wealth LLC’s holdings in TransDigm Group were worth $13,886,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. raised its stake in TransDigm Group by 1.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 570 shares of the aerospace company’s stock worth $577,000 after buying an additional 9 shares during the period. Quent Capital LLC grew its stake in shares of TransDigm Group by 8.8% during the fourth quarter. Quent Capital LLC now owns 123 shares of the aerospace company’s stock valued at $124,000 after buying an additional 10 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of TransDigm Group by 5.9% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 180 shares of the aerospace company’s stock worth $197,000 after purchasing an additional 10 shares during the last quarter. Venturi Wealth Management LLC boosted its position in TransDigm Group by 14.5% during the 4th quarter. Venturi Wealth Management LLC now owns 87 shares of the aerospace company’s stock valued at $88,000 after acquiring an additional 11 shares in the last quarter. Finally, Alcosta Capital Management Inc. boosted its position in TransDigm Group by 0.3% during the 3rd quarter. Alcosta Capital Management Inc. now owns 3,485 shares of the aerospace company’s stock valued at $2,938,000 after acquiring an additional 12 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TDG shares. Citigroup boosted their target price on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Barclays upped their target price on shares of TransDigm Group from $1,250.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Monday, May 13th. Morgan Stanley upped their target price on shares of TransDigm Group from $1,275.00 to $1,550.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. JPMorgan Chase & Co. raised their price target on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. Finally, TD Cowen lifted their target price on shares of TransDigm Group from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,327.44.

TransDigm Group Price Performance

NYSE TDG traded up $19.59 during trading on Friday, reaching $1,350.31. The company’s stock had a trading volume of 136,110 shares, compared to its average volume of 233,096. The firm has a fifty day moving average of $1,252.60 and a 200 day moving average of $1,122.94. TransDigm Group Incorporated has a one year low of $768.23 and a one year high of $1,350.31. The stock has a market capitalization of $75.56 billion, a PE ratio of 53.56, a P/E/G ratio of 2.32 and a beta of 1.39.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business posted $5.39 EPS. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. Research analysts expect that TransDigm Group Incorporated will post 29.96 earnings per share for the current fiscal year.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $1,172.26, for a total value of $3,516,780.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,220,136. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $1,172.26, for a total transaction of $3,516,780.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,220,136. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 197 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total transaction of $259,673.58. The disclosure for this sale can be found here. Over the last quarter, insiders bought 11 shares of company stock worth $5,950 and sold 40,203 shares worth $49,550,425. 4.96% of the stock is owned by company insiders.

About TransDigm Group

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.