Verdence Capital Advisors LLC Has $767,000 Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Verdence Capital Advisors LLC decreased its position in TransDigm Group Incorporated (NYSE:TDG) by 19.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 759 shares of the aerospace company’s stock after selling 178 shares during the period. Verdence Capital Advisors LLC’s holdings in TransDigm Group were worth $767,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TDG. Compagnie Lombard Odier SCmA bought a new stake in shares of TransDigm Group in the fourth quarter worth about $25,000. Oakworth Capital Inc. bought a new stake in TransDigm Group during the 4th quarter worth approximately $26,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in TransDigm Group during the 3rd quarter worth approximately $27,000. Resurgent Financial Advisors LLC acquired a new stake in TransDigm Group during the 4th quarter worth approximately $30,000. Finally, Optiver Holding B.V. acquired a new position in shares of TransDigm Group in the third quarter valued at approximately $35,000. Institutional investors own 95.78% of the company’s stock.

Insider Activity

In related news, Director W Nicholas Howley sold 2,391 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the completion of the transaction, the director now directly owns 21,549 shares in the company, valued at approximately $25,008,691.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other TransDigm Group news, Director W Nicholas Howley sold 2,391 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the sale, the director now owns 21,549 shares of the company’s stock, valued at $25,008,691.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,087 shares of company stock worth $69,840,358. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

Shares of TDG opened at $1,187.70 on Monday. TransDigm Group Incorporated has a one year low of $741.74 and a one year high of $1,248.39. The firm has a 50 day simple moving average of $1,192.72 and a two-hundred day simple moving average of $1,049.31. The company has a market cap of $66.05 billion, a P/E ratio of 50.41, a P/E/G ratio of 2.42 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping 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 business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the company earned $4.15 EPS. TransDigm Group’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, analysts expect that TransDigm Group Incorporated will post 29.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TDG has been the topic of a number of research analyst reports. Royal Bank of Canada raised their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Stifel Nicolaus boosted their price target on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. increased their price objective on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a report on Wednesday, March 27th. Barclays boosted their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Finally, StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,163.27.

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.