Glenview Trust co Has $1.56 Million Holdings in TransDigm Group Incorporated (NYSE:TDG)

Glenview Trust co lifted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 46.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,231 shares of the aerospace company’s stock after acquiring an additional 389 shares during the quarter. Glenview Trust co’s holdings in TransDigm Group were worth $1,560,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Erste Asset Management GmbH acquired a new position in shares of TransDigm Group during the third quarter worth $29,000. Capital Advisors Ltd. LLC grew its stake in shares of TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after buying an additional 16 shares during the period. Trust Co. of Vermont raised its stake in TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after buying an additional 15 shares during the period. Versant Capital Management Inc boosted its holdings in TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 18 shares in the last quarter. Finally, Sachetta LLC grew its stake in TransDigm Group by 105.9% in the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 18 shares during the period. Institutional investors own 95.78% of the company’s stock.

Insider Transactions at TransDigm Group

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 completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,337,899.18. The trade was a 71.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,525,524. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 123,594 shares of company stock valued at $164,002,398. 4.09% of the stock is owned by corporate insiders.

TransDigm Group Stock Performance

Shares of TDG opened at $1,346.98 on Monday. TransDigm Group Incorporated has a 52-week low of $1,163.82 and a 52-week high of $1,451.32. The stock’s 50-day simple moving average is $1,326.27 and its 200 day simple moving average is $1,327.28. The stock has a market capitalization of $75.55 billion, a price-to-earnings ratio of 47.51, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the firm posted $7.16 earnings per share. The business’s quarterly revenue was up 12.1% on a year-over-year basis. On average, research analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.