Mather Group LLC. Boosts Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Mather Group LLC. raised its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 57.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 441 shares of the aerospace company’s stock after buying an additional 161 shares during the period. Mather Group LLC.’s holdings in TransDigm Group were worth $543,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in TransDigm Group by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock worth $7,447,587,000 after buying an additional 58,243 shares during the period. Capital World Investors boosted its stake in TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after purchasing an additional 442,182 shares during the last quarter. Capital Research Global Investors raised its position in TransDigm Group by 1.6% in the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock worth $2,420,882,000 after buying an additional 30,393 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in TransDigm Group by 13.1% in the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock worth $2,056,109,000 after purchasing an additional 192,962 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of TransDigm Group during the 4th quarter valued at about $790,822,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity

In related news, insider Jessica L. Warren sold 925 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the transaction, the insider now owns 50 shares of the company’s stock, valued at approximately $66,967. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jessica L. Warren sold 925 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the sale, the insider now owns 50 shares of the company’s stock, valued at $66,967. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 197 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were 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. Insiders sold a total of 105,905 shares of company stock valued at $137,900,519 in the last three months. 4.96% of the stock is currently owned by corporate insiders.

TransDigm Group Price Performance

TransDigm Group stock traded up $27.12 during mid-day trading on Tuesday, reaching $1,236.57. 407,935 shares of the company traded hands, compared to its average volume of 226,456. The firm’s fifty day moving average is $1,287.02 and its two-hundred day moving average is $1,233.02. The company has a market capitalization of $69.20 billion, a price-to-earnings ratio of 49.05, a price-to-earnings-growth ratio of 2.03 and a beta of 1.38. TransDigm Group Incorporated has a fifty-two week low of $802.46 and a fifty-two week high of $1,369.57.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, topping the consensus estimate 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 company 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 firm earned $5.39 EPS. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, equities research analysts predict that TransDigm Group Incorporated will post 30.21 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on TDG shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Thursday, June 27th. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Monday. Stifel Nicolaus lifted their price target on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a research note on Friday, June 7th. Truist Financial lifted their target price on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, Susquehanna lifted their target price on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,417.69.

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.