Concurrent Investment Advisors LLC Increases Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Concurrent Investment Advisors LLC boosted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 5.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 753 shares of the aerospace company’s stock after buying an additional 42 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in TransDigm Group were worth $954,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of TransDigm Group by 1.3% during the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock valued at $3,181,357,000 after acquiring an additional 29,489 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of TransDigm Group by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after acquiring an additional 185,422 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after purchasing an additional 173,642 shares during the period. FMR LLC increased its position in TransDigm Group by 2.3% during the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after purchasing an additional 43,604 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in TransDigm Group by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock worth $1,612,583,000 after purchasing an additional 19,314 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,291.58 on Friday. The company’s fifty day moving average price is $1,306.71 and its two-hundred day moving average price is $1,319.85. The firm has a market capitalization of $72.43 billion, a P/E ratio of 45.56, a P/E/G ratio of 2.76 and a beta of 1.40. TransDigm Group Incorporated has a 12 month low of $1,136.27 and a 12 month high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate of $6.73 by $0.84. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.16 earnings per share. On average, sell-side analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Truist Financial upped their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Barclays restated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, TransDigm Group has an average rating of “Moderate Buy” and an average price target of $1,462.35.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,181,755.06. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 118,647 shares of company stock valued at $151,878,163 in the last three months. Corporate insiders own 4.09% of the company’s stock.

TransDigm Group 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.