Delta Investment Management LLC Has $9.39 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Delta Investment Management LLC reduced its holdings in TransDigm Group Incorporated (NYSE:TDG) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,410 shares of the aerospace company’s stock after selling 186 shares during the period. TransDigm Group comprises about 1.8% of Delta Investment Management LLC’s holdings, making the stock its 15th largest holding. Delta Investment Management LLC’s holdings in TransDigm Group were worth $9,390,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Resonant Capital Advisors LLC raised its holdings in shares of TransDigm Group by 1.8% during the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock worth $585,000 after acquiring an additional 8 shares in the last quarter. Quent Capital LLC raised its stake in shares of TransDigm Group by 6.5% during the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock worth $167,000 after purchasing an additional 8 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in shares of TransDigm Group by 3.6% during the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock valued at $293,000 after buying an additional 8 shares during the last quarter. CX Institutional grew its stake in shares of TransDigm Group by 5.4% in the 4th quarter. CX Institutional now owns 175 shares of the aerospace company’s stock valued at $222,000 after buying an additional 9 shares in the last quarter. Finally, Western Financial Corp CA increased its holdings in TransDigm Group by 0.6% in the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company’s stock worth $1,902,000 after buying an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

NYSE TDG opened at $1,438.79 on Tuesday. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54. The stock has a market cap of $80.81 billion, a PE ratio of 50.75, a PEG ratio of 2.76 and a beta of 1.09. The firm has a 50-day simple moving average of $1,362.67 and a 200 day simple moving average of $1,325.19.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping analysts’ consensus estimates of $8.83 by $0.28. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $7.99 EPS. Research analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TDG. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Saturday. Susquehanna upped 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 report on Wednesday, April 2nd. Northcoast Research upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price on the stock in a report on Wednesday, April 9th. UBS Group upped their price target on TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Finally, Truist Financial decreased their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,490.20.

Insider Activity

In other news, Director Robert J. Small sold 1,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the sale, the director now owns 95,147 shares of the company’s stock, valued at approximately $127,042,177.34. This represents a 1.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total transaction of $3,969,060.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,762,872. This represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 145,013 shares of company stock worth $201,014,223. Corporate insiders own 4.09% of the company’s stock.

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.