TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC decreased its position in TransDigm Group Incorporated (NYSE:TDG) by 40.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 290 shares of the aerospace company’s stock after selling 200 shares during the quarter. Crescent Grove Advisors LLC’s holdings in TransDigm Group were worth $371,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC increased its stake in TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after buying an additional 17 shares during the period. ORG Partners LLC purchased a new position in TransDigm Group in the first quarter valued at about $30,000. VisionPoint Advisory Group LLC acquired a new stake in TransDigm Group during the 4th quarter valued at approximately $37,000. Central Pacific Bank Trust Division purchased a new stake in TransDigm Group during the 1st quarter worth approximately $39,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of TransDigm Group in the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling

In related news, insider Jessica L. Warren sold 925 shares of the stock in a transaction that occurred on 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 directly owns 50 shares of the company’s stock, valued at $66,967. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jessica L. Warren sold 925 shares of the company’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 sale, the insider now directly owns 50 shares of the company’s stock, valued at $66,967. The disclosure for this sale can be found here. Insiders have sold a total of 102,708 shares of company stock valued at $133,146,005 over the last three months. Company insiders own 4.96% of the company’s stock.

TransDigm Group Stock Up 0.3 %

TransDigm Group stock traded up $3.30 during trading hours on Wednesday, hitting $1,313.71. 158,134 shares of the company traded hands, compared to its average volume of 225,905. The firm’s 50-day simple moving average is $1,271.56 and its two-hundred day simple moving average is $1,246.83. The firm has a market cap of $73.71 billion, a P/E ratio of 52.11, a P/E/G ratio of 2.02 and a beta of 1.38. TransDigm Group Incorporated has a 1-year low of $802.46 and a 1-year high of $1,369.57.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping the consensus estimate of $7.77 by $1.23. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.55 earnings per share. On average, equities research analysts predict that TransDigm Group Incorporated will post 30.58 earnings per share for the current year.

Analysts Set New Price Targets

TDG has been the subject of a number of research analyst reports. Susquehanna lifted their price target on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Barclays raised their price target on shares of TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. Wells Fargo & Company lowered their price objective on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Truist Financial raised their target price on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, KeyCorp upped their target price on TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,422.94.

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.