Xponance Inc. Sells 39 Shares of TransDigm Group Incorporated (NYSE:TDG)

Xponance Inc. decreased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,382 shares of the aerospace company’s stock after selling 39 shares during the quarter. Xponance Inc.’s holdings in TransDigm Group were worth $10,622,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pathstone Holdings LLC boosted its position in TransDigm Group by 0.9% during the third quarter. Pathstone Holdings LLC now owns 6,883 shares of the aerospace company’s stock valued at $9,824,000 after purchasing an additional 60 shares in the last quarter. Prospera Financial Services Inc bought a new stake in TransDigm Group during the third quarter valued at about $207,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in TransDigm Group during the third quarter valued at about $1,043,000. PNC Financial Services Group Inc. boosted its position in TransDigm Group by 5.0% during the third quarter. PNC Financial Services Group Inc. now owns 29,881 shares of the aerospace company’s stock valued at $42,645,000 after purchasing an additional 1,431 shares in the last quarter. Finally, Strategy Asset Managers LLC bought a new stake in TransDigm Group during the third quarter valued at about $776,000. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Down 1.3 %

Shares of NYSE:TDG opened at $1,341.80 on Wednesday. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32. The company has a market capitalization of $75.25 billion, a PE ratio of 47.33, a PEG ratio of 2.76 and a beta of 1.38. The business has a 50 day moving average of $1,330.19 and a two-hundred day moving average of $1,327.02.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (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 company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the company posted $7.16 earnings per share. TransDigm Group’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,525,524. This represents a 45.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert J. Small sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the transaction, the director now directly owns 95,147 shares of the company’s stock, valued at approximately $127,042,177.34. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,594 shares of company stock valued at $165,337,618 in the last three months. 4.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TDG shares. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a research note on Monday, February 24th. Barclays restated an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Finally, Truist Financial boosted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,472.47.

About TransDigm Group

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.