Bradley Foster & Sargent Inc. CT Has $460,000 Stake in TransDigm Group Incorporated (NYSE:TDG)

Bradley Foster & Sargent Inc. CT trimmed its stake in TransDigm Group Incorporated (NYSE:TDG) by 9.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 363 shares of the aerospace company’s stock after selling 37 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in TransDigm Group were worth $460,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of TransDigm Group by 1.3% in the third quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock valued at $3,181,357,000 after purchasing an additional 29,489 shares during the period. Principal Financial Group Inc. grew its stake in TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock valued at $2,694,585,000 after buying an additional 185,422 shares during the last quarter. JPMorgan Chase & Co. grew its stake in TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after buying an additional 173,642 shares during the last quarter. FMR LLC raised its holdings in TransDigm Group by 2.3% in the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after acquiring an additional 43,604 shares during the period. Finally, Geode Capital Management LLC lifted its position in TransDigm Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock worth $1,612,583,000 after acquiring an additional 19,314 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Stock Down 1.6 %

Shares of TDG opened at $1,291.58 on Friday. TransDigm Group Incorporated has a 12 month low of $1,136.27 and a 12 month high of $1,451.32. The stock has a market cap of $72.43 billion, a price-to-earnings ratio of 45.56, a P/E/G ratio of 2.76 and a beta of 1.40. The company has a 50-day moving average price of $1,306.71 and a two-hundred day moving average price of $1,319.85.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate 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 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 earned $7.16 EPS. TransDigm Group’s quarterly revenue was up 12.1% on a year-over-year basis. Equities research analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TDG has been the topic of several research analyst reports. Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Truist Financial increased their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Citigroup raised 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 research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and cut their target price for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and an average price target of $1,462.35.

Insider Activity

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Small sold 38,053 shares of the firm’s 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 sale, the director now directly owns 567,323 shares of the company’s stock, valued at approximately $708,461,615.94. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 118,647 shares of company stock worth $151,878,163. Corporate insiders own 4.09% of the company’s stock.

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.