Asset Planning Inc Purchases Shares of 8,939 TransDigm Group Incorporated (NYSE:TDG)

Asset Planning Inc purchased a new stake in TransDigm Group Incorporated (NYSE:TDG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,939 shares of the aerospace company’s stock, valued at approximately $11,328,000. TransDigm Group accounts for about 8.6% of Asset Planning Inc’s investment portfolio, making the stock its 2nd largest holding.

Several other large investors have also recently bought and sold shares of TDG. First Personal Financial Services bought a new stake in shares of TransDigm Group during the 3rd quarter worth $29,000. Erste Asset Management GmbH bought a new stake in shares of TransDigm Group during the 3rd quarter worth $29,000. Trust Co. of Vermont lifted its holdings in shares of TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 15 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 18 shares during the last quarter. Finally, DT Investment Partners LLC lifted its holdings in shares of TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 11 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

TransDigm Group Trading Down 1.2 %

Shares of TDG opened at $1,337.25 on Friday. TransDigm Group Incorporated has a 1-year low of $1,128.51 and a 1-year high of $1,451.32. The firm’s 50-day moving average price is $1,299.18 and its 200-day moving average price is $1,316.98. The firm has a market capitalization of $74.99 billion, a price-to-earnings ratio of 47.17, a PEG ratio of 2.86 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the firm posted $7.16 earnings per share. TransDigm Group’s quarterly revenue was up 12.1% on a year-over-year basis. On average, research analysts forecast that TransDigm Group Incorporated will post 34.11 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Small sold 38,053 shares of the business’s 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 of the company’s stock, valued at $708,461,615.94. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,525 shares of company stock valued at $139,851,401 over the last quarter. Corporate insiders own 4.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TDG. Citigroup lifted their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Truist Financial lifted their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Finally, Barclays reiterated an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,462.35.

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.