HB Wealth Management LLC Acquires 73 Shares of TransDigm Group Incorporated (NYSE:TDG)

HB Wealth Management LLC increased its position in TransDigm Group Incorporated (NYSE:TDG) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 519 shares of the aerospace company’s stock after acquiring an additional 73 shares during the quarter. HB Wealth Management LLC’s holdings in TransDigm Group were worth $525,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Premier Path Wealth Partners LLC bought a new position in TransDigm Group in the 4th quarter worth $510,000. SG Americas Securities LLC grew its position in TransDigm Group by 33.2% in the 4th quarter. SG Americas Securities LLC now owns 1,704 shares of the aerospace company’s stock worth $1,724,000 after purchasing an additional 425 shares during the last quarter. Hixon Zuercher LLC grew its position in TransDigm Group by 10.1% in the 4th quarter. Hixon Zuercher LLC now owns 2,283 shares of the aerospace company’s stock worth $2,309,000 after purchasing an additional 209 shares during the last quarter. Everhart Financial Group Inc. grew its position in TransDigm Group by 12.9% in the 4th quarter. Everhart Financial Group Inc. now owns 429 shares of the aerospace company’s stock worth $434,000 after purchasing an additional 49 shares during the last quarter. Finally, Cedar Brook Financial Partners LLC grew its position in TransDigm Group by 2.9% in the 4th quarter. Cedar Brook Financial Partners LLC now owns 604 shares of the aerospace company’s stock worth $616,000 after purchasing an additional 17 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Up 0.9 %

Shares of NYSE TDG opened at $1,233.80 on Thursday. TransDigm Group Incorporated has a 1-year low of $711.69 and a 1-year high of $1,238.34. The company has a market cap of $68.61 billion, a PE ratio of 52.37, a P/E/G ratio of 2.56 and a beta of 1.42. The company has a 50-day moving average of $1,147.01 and a two-hundred day moving average of $1,002.65.

TransDigm Group (NYSE:TDG) last announced its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the firm posted $4.15 earnings per share. The company’s revenue was up 28.1% on a year-over-year basis. As a group, equities research analysts forecast that TransDigm Group Incorporated will post 28.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TDG. Truist Financial raised their price target on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. KeyCorp lifted their target price on shares of TransDigm Group from $1,180.00 to $1,220.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Royal Bank of Canada lifted their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Barclays lifted their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,119.00.

Insiders Place Their Bets

In other TransDigm Group news, Director W Nicholas Howley sold 38,863 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $1,015.05, for a total value of $39,447,888.15. Following the completion of the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $21,872,297.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, COO Michael Lisman sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $1,195.01, for a total transaction of $9,560,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 38,863 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $1,015.05, for a total transaction of $39,447,888.15. Following the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $21,872,297.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 91,480 shares of company stock valued at $100,102,829. Insiders own 4.96% of the company’s stock.

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.