Axxcess Wealth Management LLC Sells 19 Shares of TransDigm Group Incorporated (NYSE:TDG)

Axxcess Wealth Management LLC reduced its holdings in TransDigm Group Incorporated (NYSE:TDG) by 5.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 317 shares of the aerospace company’s stock after selling 19 shares during the quarter. Axxcess Wealth Management LLC’s holdings in TransDigm Group were worth $321,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TDG. Compagnie Lombard Odier SCmA acquired a new stake in TransDigm Group in the fourth quarter worth $25,000. Oakworth Capital Inc. bought a new position in TransDigm Group in the fourth quarter valued at $26,000. Optiver Holding B.V. bought a new position in TransDigm Group in the third quarter valued at $35,000. Oliver Lagore Vanvalin Investment Group grew its position in TransDigm Group by 48.0% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 12 shares in the last quarter. Finally, Valley National Advisers Inc. grew its position in TransDigm Group by 26.1% in the third quarter. Valley National Advisers Inc. now owns 58 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 12 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Trading Up 0.4 %

Shares of NYSE:TDG opened at $1,315.00 on Thursday. The stock has a market capitalization of $73.13 billion, a PE ratio of 55.81, a PEG ratio of 2.63 and a beta of 1.40. The firm has a 50 day moving average of $1,217.21 and a 200-day moving average of $1,083.86. TransDigm Group Incorporated has a 12 month low of $766.00 and a 12 month high of $1,328.15.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.42 by $0.57. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the firm posted $5.39 EPS. The firm’s revenue was up 20.5% on a year-over-year basis. On average, research analysts predict that TransDigm Group Incorporated will post 29.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were 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 approximately $4,439,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,439,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 2,391 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was 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 owns 21,549 shares in the company, valued at approximately $25,008,691.95. The disclosure for this sale can be found here. Insiders have sold 59,087 shares of company stock valued at $69,840,358 in the last ninety days. 4.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on TDG. The Goldman Sachs Group raised their target price on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Barclays lifted their price objective 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. Stifel Nicolaus lifted their price objective on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a research report on Wednesday, April 17th. Truist Financial lifted their price objective on shares of TransDigm Group from $1,267.00 to $1,425.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, UBS Group lifted their price objective on shares of TransDigm Group from $1,302.00 to $1,403.00 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 thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, TransDigm Group has an average rating of “Moderate Buy” and a consensus price target of $1,289.94.

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.