878 Shares in TransDigm Group Incorporated (NYSE:TDG) Acquired by Choreo LLC

Choreo LLC purchased a new stake in TransDigm Group Incorporated (NYSE:TDG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 878 shares of the aerospace company’s stock, valued at approximately $1,104,000.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of TransDigm Group in the fourth quarter valued at $790,822,000. Capital World Investors increased its holdings in TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after purchasing an additional 442,182 shares during the period. JPMorgan Chase & Co. raised its position in TransDigm Group by 13.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after purchasing an additional 192,962 shares in the last quarter. Argent Capital Management LLC purchased a new position in shares of TransDigm Group in the 1st quarter valued at about $75,910,000. Finally, Vanguard Group Inc. grew its position in shares of TransDigm Group by 1.0% during the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock worth $7,447,587,000 after buying an additional 58,243 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on TDG shares. Stifel Nicolaus raised their target price on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a report on Friday, June 7th. Truist Financial raised their price objective on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Morgan Stanley boosted their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. KeyCorp raised their price target on TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Finally, Northcoast Research started coverage on TransDigm Group in a research report on Thursday, August 1st. They set a “neutral” rating for the company. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,438.24.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,186,078.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,186,078.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,073 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the transaction, the director now owns 21,548 shares in the company, valued at $26,769,080.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,073 shares of company stock valued at $34,795,388. 4.96% of the stock is owned by company insiders.

TransDigm Group Price Performance

TDG stock opened at $1,348.03 on Friday. The company has a market cap of $75.64 billion, a price-to-earnings ratio of 53.47, a price-to-earnings-growth ratio of 2.04 and a beta of 1.42. The company has a fifty day moving average price of $1,280.02 and a 200 day moving average price of $1,266.51. TransDigm Group Incorporated has a 12 month low of $802.46 and a 12 month high of $1,380.83.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS 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 company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the business posted $6.55 earnings per share. TransDigm Group’s quarterly revenue was up 17.3% on a year-over-year basis. As a group, analysts anticipate that TransDigm Group Incorporated will post 30.69 earnings per share for the current year.

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.