TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors decreased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 9.4% during the fourth quarter, HoldingsChannel reports. The firm owned 2,220 shares of the aerospace company’s stock after selling 229 shares during the quarter. Captrust Financial Advisors’ holdings in TransDigm Group were worth $2,814,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after acquiring an additional 173,642 shares during the period. Triasima Portfolio Management inc. purchased a new stake in TransDigm Group during the 4th quarter valued at about $911,000. Chicago Capital LLC increased its holdings in shares of TransDigm Group by 0.5% in the fourth quarter. Chicago Capital LLC now owns 51,740 shares of the aerospace company’s stock valued at $65,568,000 after purchasing an additional 261 shares during the period. Itau Unibanco Holding S.A. raised its stake in shares of TransDigm Group by 89.7% in the fourth quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company’s stock worth $4,202,000 after purchasing an additional 1,553 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of TransDigm Group by 4.7% during the fourth quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company’s stock worth $10,840,000 after purchasing an additional 385 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,372.20 on Monday. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,488.54. The company has a market cap of $77.07 billion, a price-to-earnings ratio of 48.40, a PEG ratio of 2.76 and a beta of 1.09. The stock has a 50 day simple moving average of $1,353.73 and a 200-day simple moving average of $1,321.52.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.83 by $0.28. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $7.99 earnings per share. Analysts anticipate 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 news, COO Joel Reiss sold 3,300 shares of the company’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,758,480. This represents a 47.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $28,355,659.64. This represents a 20.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 174,135 shares of company stock valued at $240,122,586 over the last quarter. 4.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on TDG shares. Northcoast Research upgraded 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. Susquehanna increased their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 2nd. UBS Group boosted their target price on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Truist Financial cut their price target on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, Wells Fargo & Company boosted their price objective on TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and an average target price of $1,490.20.

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.