Brown Miller Wealth Management LLC Purchases New Shares in TransDigm Group Incorporated (NYSE:TDG)

Brown Miller Wealth Management LLC purchased a new stake in TransDigm Group Incorporated (NYSE:TDG) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 221 shares of the aerospace company’s stock, valued at approximately $306,000.

A number of other institutional investors have also made changes to their positions in the business. Trust Point Inc. raised its holdings in shares of TransDigm Group by 3.2% in the first quarter. Trust Point Inc. now owns 416 shares of the aerospace company’s stock valued at $575,000 after buying an additional 13 shares during the last quarter. Tuttle Capital Management LLC raised its holdings in shares of TransDigm Group by 23.2% in the first quarter. Tuttle Capital Management LLC now owns 420 shares of the aerospace company’s stock valued at $581,000 after buying an additional 79 shares during the last quarter. Optas LLC bought a new position in shares of TransDigm Group in the first quarter valued at about $224,000. Brighton Jones LLC raised its holdings in shares of TransDigm Group by 4.8% in the first quarter. Brighton Jones LLC now owns 1,100 shares of the aerospace company’s stock valued at $1,522,000 after buying an additional 50 shares during the last quarter. Finally, Ritholtz Wealth Management raised its holdings in shares of TransDigm Group by 31.8% in the first quarter. Ritholtz Wealth Management now owns 261 shares of the aerospace company’s stock valued at $361,000 after buying an additional 63 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Sarah Wynne sold 1,800 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the completion of the sale, the chief financial officer now directly owns 3,400 shares of the company’s stock, valued at approximately $4,930,000. This represents a 34.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert J. Small sold 45,700 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the sale, the director now directly owns 88,419 shares of the company’s stock, valued at approximately $125,997,959.19. The trade was a 34.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 139,413 shares of company stock valued at $198,508,074. 4.09% of the stock is owned by corporate insiders.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,425.74 on Tuesday. The stock has a market cap of $80.08 billion, a PE ratio of 50.29, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. The stock has a 50-day moving average of $1,402.18 and a 200-day moving average of $1,345.74. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,488.54.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating analysts’ consensus estimates of $8.83 by $0.28. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the business posted $7.99 EPS. TransDigm Group’s revenue was up 12.0% on a year-over-year basis. As a group, research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TDG. Northcoast Research raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective for the company in a report on Wednesday, April 9th. Truist Financial dropped their price objective on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Wall Street Zen raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 17th. UBS Group boosted their price objective on TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Finally, Susquehanna boosted their price objective on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,505.23.

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.