Los Angeles Capital Management LLC Sells 192 Shares of TransDigm Group Incorporated (NYSE:TDG)

Los Angeles Capital Management LLC lowered its stake in TransDigm Group Incorporated (NYSE:TDG) by 1.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,986 shares of the aerospace company’s stock after selling 192 shares during the quarter. Los Angeles Capital Management LLC’s holdings in TransDigm Group were worth $17,724,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TDG. First Personal Financial Services bought a new stake in TransDigm Group in the third quarter valued at approximately $29,000. Erste Asset Management GmbH bought a new stake in TransDigm Group in the third quarter valued at approximately $29,000. Capital Advisors Ltd. LLC lifted its position in TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 16 shares during the last quarter. Trust Co. of Vermont lifted its position in TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 15 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 18 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Transactions at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,762,872. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $1,315.93, for a total value of $7,200,768.96. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $28,355,659.64. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,647 shares of company stock valued at $155,847,223. Insiders own 4.09% of the company’s stock.

TransDigm Group Trading Up 1.8 %

NYSE TDG opened at $1,336.21 on Wednesday. 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 $74.94 billion, a P/E ratio of 47.13, a P/E/G ratio of 2.76 and a beta of 1.40. The stock’s fifty day moving average price is $1,308.65 and its 200-day moving average price is $1,322.47.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the firm posted $7.16 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a report on Monday. Citigroup upped their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Barclays restated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Truist Financial upped their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating and thirteen have given 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 $1,472.47.

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.