Signature Estate & Investment Advisors LLC Grows Position in TransDigm Group Incorporated (NYSE:TDG)

Signature Estate & Investment Advisors LLC grew its stake in TransDigm Group Incorporated (NYSE:TDG) by 24.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 666 shares of the aerospace company’s stock after buying an additional 132 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in TransDigm Group were worth $844,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Prospera Financial Services Inc purchased a new stake in TransDigm Group in the 3rd quarter worth approximately $207,000. Cerity Partners LLC increased its stake in shares of TransDigm Group by 39.1% in the third quarter. Cerity Partners LLC now owns 7,269 shares of the aerospace company’s stock worth $10,373,000 after purchasing an additional 2,043 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of TransDigm Group by 14.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 6,938 shares of the aerospace company’s stock valued at $9,901,000 after purchasing an additional 888 shares during the period. DRW Securities LLC purchased a new position in shares of TransDigm Group during the 3rd quarter valued at $701,000. Finally, Dai ichi Life Insurance Company Ltd boosted its holdings in TransDigm Group by 18.2% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 10,605 shares of the aerospace company’s stock worth $15,135,000 after buying an additional 1,631 shares during the period. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Up 1.0 %

Shares of TDG opened at $1,393.62 on Wednesday. TransDigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,451.32. The company has a market cap of $78.16 billion, a PE ratio of 49.16, a P/E/G ratio of 2.76 and a beta of 1.38. The business has a fifty day moving average of $1,339.15 and a 200 day moving average of $1,328.23.

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 analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the company earned $7.16 EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TDG shares. Deutsche Bank Aktiengesellschaft downgraded 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 report on Thursday, January 2nd. Barclays reissued an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Wells Fargo & Company increased their price objective on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the company an “overweight” rating in a report on Tuesday. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a report on Monday, February 24th. Finally, Truist Financial raised their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus target price of $1,477.18.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,892,616. This trade represents a 45.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert J. Small sold 1,000 shares of TransDigm Group stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the sale, the director now owns 95,147 shares of the company’s stock, valued at $127,042,177.34. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,594 shares of company stock worth $165,646,468. 4.09% of the stock is currently owned by company insiders.

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.