Wealth Alliance Purchases New Holdings in TransDigm Group Incorporated (NYSE:TDG)

Wealth Alliance purchased a new stake in TransDigm Group Incorporated (NYSE:TDG) in the fourth quarter, Holdings Channel.com reports. The firm purchased 209 shares of the aerospace company’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TDG. Vanguard Group Inc. lifted its holdings in TransDigm Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company’s stock worth $4,977,008,000 after buying an additional 104,433 shares during the last quarter. Deutsche Bank AG lifted its holdings in TransDigm Group by 1,947.8% during the 3rd quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after buying an additional 3,225,771 shares during the last quarter. FMR LLC lifted its holdings in TransDigm Group by 9.0% during the 3rd quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock worth $1,392,355,000 after buying an additional 136,834 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in TransDigm Group by 46.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock worth $933,765,000 after buying an additional 349,409 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in TransDigm Group by 2.6% during the 1st quarter. Geode Capital Management LLC now owns 1,063,539 shares of the aerospace company’s stock worth $782,086,000 after buying an additional 27,365 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TDG shares. Susquehanna increased their target price on TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. Barclays increased their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. KeyCorp raised their price target on TransDigm Group from $1,180.00 to $1,220.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, Truist Financial boosted their price objective on TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, TransDigm Group has an average rating of “Moderate Buy” and a consensus target price of $1,163.27.

TransDigm Group Price Performance

Shares of TransDigm Group stock opened at $1,187.08 on Friday. The business’s fifty day moving average price is $1,192.72 and its two-hundred day moving average price is $1,046.08. The company has a market capitalization of $66.01 billion, a P/E ratio of 50.39, a PEG ratio of 2.47 and a beta of 1.42. TransDigm Group Incorporated has a 1-year low of $741.74 and a 1-year high of $1,248.39.

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, beating the consensus estimate of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the business earned $4.15 EPS. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, research analysts expect that TransDigm Group Incorporated will post 29.03 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $9,921,433.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,439,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $9,921,433.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,087 shares of company stock valued at $69,840,358. Corporate insiders own 4.96% of the company’s stock.

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.