Empirical Finance LLC Trims Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Empirical Finance LLC lowered its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,830 shares of the aerospace company’s stock after selling 10 shares during the quarter. Empirical Finance LLC’s holdings in TransDigm Group were worth $2,319,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. First Personal Financial Services bought a new position in shares of TransDigm Group in the third quarter worth about $29,000. Erste Asset Management GmbH purchased a new stake in TransDigm Group in the 3rd quarter valued at about $29,000. Trust Co. of Vermont grew its stake in TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 15 shares in the last quarter. Versant Capital Management Inc increased its position in shares of TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 18 shares during the period. Finally, DT Investment Partners LLC raised its stake in shares of TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 11 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Up 2.3 %

Shares of TDG opened at $1,329.35 on Monday. TransDigm Group Incorporated has a 12 month low of $1,100.86 and a 12 month high of $1,451.32. The stock has a fifty day moving average price of $1,294.68 and a 200-day moving average price of $1,314.59. The firm has a market cap of $74.55 billion, a PE ratio of 46.89, a P/E/G ratio of 2.86 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the company earned $7.16 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, research analysts forecast that TransDigm Group Incorporated will post 34.11 EPS for the current year.

Insider Buying and Selling

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,892,616. The trade was a 45.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 sale, the director now owns 21,548 shares in the company, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,525 shares of company stock worth $112,769,801 in the last three months. Corporate insiders own 4.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TDG. KeyCorp increased their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $1,375.00 to $1,500.00 in a report on Friday. Truist Financial increased their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,462.35.

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.