Pitcairn Co. Sells 59 Shares of TransDigm Group Incorporated (NYSE:TDG)

Pitcairn Co. trimmed its stake in TransDigm Group Incorporated (NYSE:TDG) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,692 shares of the aerospace company’s stock after selling 59 shares during the quarter. Pitcairn Co.’s holdings in TransDigm Group were worth $3,412,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Public Sector Pension Investment Board grew its position in TransDigm Group by 13.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,453 shares of the aerospace company’s stock valued at $3,501,000 after purchasing an additional 300 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of TransDigm Group by 0.8% during the third quarter. Captrust Financial Advisors now owns 2,449 shares of the aerospace company’s stock valued at $3,494,000 after buying an additional 20 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of TransDigm Group during the third quarter valued at approximately $29,000. Benjamin Edwards Inc. purchased a new position in TransDigm Group in the 3rd quarter worth approximately $1,550,000. Finally, Ascent Group LLC lifted its position in TransDigm Group by 2.1% in the 3rd quarter. Ascent Group LLC now owns 1,039 shares of the aerospace company’s stock valued at $1,483,000 after acquiring an additional 21 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TDG has been the subject of a number of research analyst reports. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a report on Monday, February 24th. Citigroup boosted their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company raised their price target on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the company an “overweight” rating in a report on Tuesday, March 25th. Truist Financial boosted their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,480.12.

TransDigm Group Trading Up 0.2 %

Shares of NYSE:TDG opened at $1,400.28 on Thursday. The stock has a 50 day moving average of $1,345.69 and a 200 day moving average of $1,330.65. The company has a market cap of $78.53 billion, a PE ratio of 49.39, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the company posted $7.16 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts predict 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 3,000 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,896,144. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,594 shares of company stock valued at $165,646,468 over the last ninety days. 4.09% of the stock is currently owned by company insiders.

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.