Nicholas Hoffman & Company LLC. Buys 10 Shares of TransDigm Group Incorporated (NYSE:TDG)

Nicholas Hoffman & Company LLC. lifted its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 475 shares of the aerospace company’s stock after purchasing an additional 10 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in TransDigm Group were worth $602,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the transaction, the director now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,181,755.06. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 109,525 shares of company stock worth $139,851,401. Insiders own 4.09% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TDG. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. KeyCorp raised their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Truist Financial increased their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. 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. Finally, Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,462.35.

TransDigm Group Trading Down 1.5 %

Shares of NYSE TDG opened at $1,315.29 on Tuesday. TransDigm Group Incorporated has a 1-year low of $1,136.27 and a 1-year high of $1,451.32. The firm has a market capitalization of $73.76 billion, a P/E ratio of 46.39, a P/E/G ratio of 2.86 and a beta of 1.40. The firm’s 50-day moving average price is $1,300.84 and its 200-day moving average price is $1,318.21.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.03 billion. During the same quarter last year, the firm posted $7.16 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts forecast that TransDigm Group Incorporated will post 34.11 EPS for the current year.

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.