TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lowered its holdings in TransDigm Group Incorporated (NYSE:TDGGet Rating) by 15.9% in the third quarter, Holdings Channel.com reports. The fund owned 2,187 shares of the aerospace company’s stock after selling 414 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in TransDigm Group were worth $1,148,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Edge Capital Group LLC acquired a new stake in TransDigm Group in the second quarter valued at $27,000. Massmutual Trust Co. FSB ADV raised its stake in shares of TransDigm Group by 112.1% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 70 shares of the aerospace company’s stock worth $37,000 after buying an additional 37 shares during the last quarter. CX Institutional acquired a new position in shares of TransDigm Group during the 2nd quarter worth $39,000. Evoke Wealth LLC raised its stake in shares of TransDigm Group by 107.3% during the 2nd quarter. Evoke Wealth LLC now owns 85 shares of the aerospace company’s stock worth $46,000 after buying an additional 44 shares during the last quarter. Finally, Clear Street Markets LLC raised its stake in shares of TransDigm Group by 404.5% during the 2nd quarter. Clear Street Markets LLC now owns 111 shares of the aerospace company’s stock worth $60,000 after buying an additional 89 shares during the last quarter. Institutional investors and hedge funds own 96.00% of the company’s stock.

TransDigm Group Price Performance

TDG opened at $672.65 on Friday. The stock has a market capitalization of $36.58 billion, a price-to-earnings ratio of 50.05, a price-to-earnings-growth ratio of 1.67 and a beta of 1.39. The business has a 50-day moving average of $631.53 and a two-hundred day moving average of $600.81. TransDigm Group Incorporated has a 12 month low of $499.63 and a 12 month high of $691.00.

TransDigm Group (NYSE:TDGGet Rating) last posted its quarterly earnings results on Thursday, November 10th. The aerospace company reported $4.74 EPS for the quarter, beating the consensus estimate of $4.46 by $0.28. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. TransDigm Group had a negative return on equity of 29.95% and a net margin of 15.95%. The firm’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.94 EPS. Equities research analysts anticipate that TransDigm Group Incorporated will post 19.88 earnings per share for the current year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 6,500 shares of TransDigm Group stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $620.35, for a total value of $4,032,275.00. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $13,367,301.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director W Nicholas Howley sold 6,500 shares of the business’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $620.35, for a total transaction of $4,032,275.00. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $13,367,301.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jorge Valladares sold 20,000 shares of the business’s stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $667.41, for a total value of $13,348,200.00. Following the sale, the chief operating officer now owns 11,000 shares of the company’s stock, valued at approximately $7,341,510. The disclosure for this sale can be found here. Insiders sold 39,500 shares of company stock worth $25,866,810 in the last 90 days. 8.96% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TDG has been the subject of several research reports. Truist Financial lifted their price target on TransDigm Group from $700.00 to $710.00 in a research note on Monday, January 9th. Credit Suisse Group lifted their price target on TransDigm Group from $718.00 to $735.00 and gave the stock an “outperform” rating in a research note on Thursday, January 12th. Wells Fargo & Company downgraded shares of TransDigm Group from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $735.00 to $660.00 in a research note on Monday, November 28th. StockNews.com downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, January 16th. Finally, Morgan Stanley cut their target price on shares of TransDigm Group from $801.00 to $765.00 and set an “overweight” rating for the company in a research note on Monday, December 12th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $696.67.

TransDigm Group Profile

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TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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