Alta Advisers Ltd Acquires 41 Shares of TransDigm Group Incorporated (NYSE:TDG)

Alta Advisers Ltd grew its holdings in TransDigm Group Incorporated (NYSE:TDG) by 27.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 191 shares of the aerospace company’s stock after purchasing an additional 41 shares during the period. Alta Advisers Ltd’s holdings in TransDigm Group were worth $242,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Capital Advisors Ltd. LLC raised its holdings in TransDigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 16 shares during the period. Trust Co. of Vermont raised its stake in shares of TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 15 shares during the period. Versant Capital Management Inc raised its stake in shares of TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 18 shares during the period. Meeder Asset Management Inc. lifted its holdings in TransDigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 21 shares in the last quarter. Finally, Sachetta LLC boosted its stake in TransDigm Group by 105.9% in the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 18 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,762,872. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $11,046,584.64. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,894 shares of company stock worth $167,450,256 over the last 90 days. 4.09% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TDG. Susquehanna increased their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Wednesday, April 2nd. Wells Fargo & Company cut their price target on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Northcoast Research raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target on the stock in a report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, Truist Financial decreased their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,464.41.

TransDigm Group Stock Performance

NYSE TDG opened at $1,306.30 on Wednesday. The stock has a market cap of $73.26 billion, a P/E ratio of 46.08, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32. The stock has a 50 day simple moving average of $1,335.41 and a two-hundred day simple moving average of $1,320.09.

TransDigm Group (NYSE:TDG) last announced 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 negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm posted $7.16 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. Sell-side analysts predict that TransDigm Group Incorporated will post 35.13 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.