296 Shares in TransDigm Group Incorporated (NYSE:TDG) Bought by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC acquired a new position in TransDigm Group Incorporated (NYSE:TDG) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 296 shares of the aerospace company’s stock, valued at approximately $375,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TDG. Resonant Capital Advisors LLC increased its stake in shares of TransDigm Group by 1.8% in the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock worth $585,000 after acquiring an additional 8 shares in the last quarter. Quent Capital LLC increased its stake in shares of 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. Lindbrook Capital LLC increased its stake in shares of TransDigm Group by 3.6% during the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock valued at $293,000 after purchasing an additional 8 shares in the last quarter. CX Institutional lifted its holdings in shares of TransDigm Group by 5.4% during the fourth quarter. CX Institutional now owns 175 shares of the aerospace company’s stock valued at $222,000 after purchasing an additional 9 shares during the last quarter. Finally, Western Financial Corp CA boosted its position in shares of TransDigm Group by 0.6% in the 4th quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company’s stock worth $1,902,000 after purchasing an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity

In other news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,337,899.18. This trade represents a 71.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $27,942,799.96. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,594 shares of company stock valued at $165,646,468 in the last quarter. 4.09% of the stock is currently owned by insiders.

TransDigm Group Trading Up 0.2 %

NYSE:TDG opened at $1,400.28 on Thursday. The company has a 50 day simple moving average of $1,345.69 and a two-hundred day simple moving average of $1,330.65. The company has a market cap of $78.53 billion, a PE ratio of 49.39, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32.

TransDigm Group (NYSE:TDG) last issued 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 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 analyst estimates of $2.03 billion. During the same quarter in the previous year, the company posted $7.16 earnings per share. TransDigm Group’s revenue was up 12.1% compared to the same quarter last year. Research analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a research report on Monday, February 24th. Truist Financial raised their price target 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. Susquehanna upped their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Wednesday. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the stock 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 given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,480.12.

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.