Stephens Inc. AR Sells 84 Shares of TransDigm Group Incorporated (NYSE:TDG)

Stephens Inc. AR trimmed its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,954 shares of the aerospace company’s stock after selling 84 shares during the quarter. Stephens Inc. AR’s holdings in TransDigm Group were worth $10,080,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TDG. Windacre Partnership LLC lifted its holdings in TransDigm Group by 42.7% during the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock worth $1,038,951,000 after acquiring an additional 217,700 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of TransDigm Group by 9.5% during 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 purchasing an additional 173,642 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of TransDigm Group by 108,517.8% in the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock valued at $69,755,000 after purchasing an additional 48,833 shares during the period. FMR LLC increased its stake in TransDigm Group by 2.3% during the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after purchasing an additional 43,604 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in TransDigm Group by 36.9% during the 3rd quarter. Citigroup Inc. now owns 120,876 shares of the aerospace company’s stock worth $172,506,000 after buying an additional 32,609 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Up 2.3 %

NYSE TDG opened at $1,329.35 on Monday. The business’s fifty day moving average is $1,294.68 and its 200 day moving average is $1,314.59. TransDigm Group Incorporated has a twelve month low of $1,100.86 and a twelve month high of $1,451.32. The company has a market cap of $74.55 billion, a price-to-earnings ratio of 46.89, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last issued its quarterly 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. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.16 earnings per share. On average, research analysts anticipate that TransDigm Group Incorporated will post 34.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TransDigm Group news, Director Robert J. Small sold 38,053 shares of the 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 value of $47,519,825.34. Following the transaction, the director now owns 567,323 shares in the company, valued at approximately $708,461,615.94. This represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,892,616. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,525 shares of company stock worth $112,769,801. 4.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. KeyCorp boosted their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Truist Financial lifted their target price 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. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $1,375.00 to $1,500.00 in a research report on Friday. Finally, Barclays reiterated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,462.35.

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.