TransDigm Group Incorporated (NYSE:TDG) Holdings Lifted by Graypoint LLC

Graypoint LLC increased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 16.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 216 shares of the aerospace company’s stock after acquiring an additional 31 shares during the period. Graypoint LLC’s holdings in TransDigm Group were worth $276,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. lifted its position in shares of TransDigm Group by 47.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 479 shares of the aerospace company’s stock worth $485,000 after purchasing an additional 155 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in TransDigm Group in the 4th quarter worth approximately $267,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of TransDigm Group by 118.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,163 shares of the aerospace company’s stock valued at $1,176,000 after buying an additional 631 shares during the period. Merit Financial Group LLC grew its holdings in shares of TransDigm Group by 3.9% during the 4th quarter. Merit Financial Group LLC now owns 661 shares of the aerospace company’s stock valued at $668,000 after acquiring an additional 25 shares in the last quarter. Finally, M&T Bank Corp increased its stake in shares of TransDigm Group by 2.1% in the fourth quarter. M&T Bank Corp now owns 8,028 shares of the aerospace company’s stock worth $8,121,000 after acquiring an additional 164 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,019,981.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jessica L. Warren sold 925 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the transaction, the insider now directly owns 50 shares of the company’s stock, valued at $66,967. The disclosure for this sale can be found here. Insiders have sold a total of 102,708 shares of company stock valued at $133,146,005 over the last three months. 4.96% of the stock is owned by corporate insiders.

TransDigm Group Trading Up 0.6 %

Shares of TransDigm Group stock opened at $1,373.21 on Tuesday. TransDigm Group Incorporated has a 1 year low of $802.46 and a 1 year high of $1,380.83. The company’s fifty day simple moving average is $1,273.78 and its 200-day simple moving average is $1,259.08. The company has a market cap of $77.05 billion, a price-to-earnings ratio of 54.47, a PEG ratio of 2.17 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the firm earned $6.55 EPS. The business’s revenue was up 17.3% on a year-over-year basis. As a group, research analysts forecast that TransDigm Group Incorporated will post 30.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. KeyCorp lifted their price objective on TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Truist Financial boosted their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Wednesday, August 7th. UBS Group reduced their target price on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Bank of America increased their price target on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus target price of $1,422.94.

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.