Trust Point Inc. Raises Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Trust Point Inc. raised its position in TransDigm Group Incorporated (NYSE:TDG) by 3.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 416 shares of the aerospace company’s stock after buying an additional 13 shares during the quarter. Trust Point Inc.’s holdings in TransDigm Group were worth $575,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. lifted its stake in 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 valued at $4,202,000 after buying an additional 1,553 shares during the last quarter. Paragon Advisors LLC lifted its stake in TransDigm Group by 14.2% in the first quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company’s stock valued at $2,490,000 after buying an additional 224 shares during the last quarter. CIBC Asset Management Inc lifted its stake in TransDigm Group by 4.7% in the fourth quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company’s stock valued at $10,840,000 after buying an additional 385 shares during the last quarter. DnB Asset Management AS lifted its stake in TransDigm Group by 2.5% in the fourth quarter. DnB Asset Management AS now owns 24,623 shares of the aerospace company’s stock valued at $31,204,000 after buying an additional 599 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in TransDigm Group by 3.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 25,574 shares of the aerospace company’s stock valued at $32,409,000 after buying an additional 846 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,846,958.38. This represents a 71.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sarah Wynne sold 1,800 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total value of $2,610,000.00. Following the transaction, the chief financial officer now owns 3,400 shares in the company, valued at $4,930,000. This trade represents a 34.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 139,413 shares of company stock valued at $198,508,074. Insiders own 4.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Susquehanna boosted their price objective on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. Truist Financial dropped their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock 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. Northcoast Research raised 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. Finally, UBS Group boosted their target price on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,505.23.

TransDigm Group Stock Performance

NYSE:TDG opened at $1,425.74 on Tuesday. The stock has a fifty day moving average price of $1,402.18 and a two-hundred day moving average price of $1,345.74. The stock has a market capitalization of $80.08 billion, a price-to-earnings ratio of 50.29, a PEG ratio of 2.76 and a beta of 1.05. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,488.54.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating the consensus estimate of $8.83 by $0.28. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. TransDigm Group’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.99 earnings per share. On average, analysts predict that TransDigm Group Incorporated will post 35.13 EPS 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.