Westover Capital Advisors LLC Makes New Investment in TransDigm Group Incorporated (NYSE:TDG)

Westover Capital Advisors LLC purchased a new position in shares of TransDigm Group Incorporated (NYSE:TDG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 239 shares of the aerospace company’s stock, valued at approximately $303,000.

Other institutional investors have also recently bought and sold shares of the company. First Personal Financial Services bought a new stake in shares of TransDigm Group during the third quarter worth approximately $29,000. Erste Asset Management GmbH bought a new stake in shares of TransDigm Group during the third quarter worth approximately $29,000. Capital Advisors Ltd. LLC boosted its holdings in shares of TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 16 shares during the period. Trust Co. of Vermont boosted its stake in shares of TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after buying an additional 15 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after buying an additional 18 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on TDG shares. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft downgraded 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 report on Thursday, January 2nd. Barclays restated an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a report on Monday, February 24th. Finally, Truist Financial upped their price target 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. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average price target of $1,472.47.

TransDigm Group Stock Down 1.7 %

NYSE TDG opened at $1,347.60 on Wednesday. The company has a market capitalization of $75.58 billion, a price-to-earnings ratio of 47.53, a PEG ratio of 2.76 and a beta of 1.40. TransDigm Group Incorporated has a twelve month low of $1,136.27 and a twelve month high of $1,451.32. The stock has a fifty day simple moving average of $1,316.62 and a 200 day simple moving average of $1,325.91.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. TransDigm Group’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $7.16 earnings per share. Research analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $11,046,584.64. This represents a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,525,524. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,647 shares of company stock valued at $155,847,223. 4.09% of the stock is currently owned by insiders.

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.