Ellevest Inc. Lowers Position in TransDigm Group Incorporated (NYSE:TDG)

Ellevest Inc. lessened its holdings in TransDigm Group Incorporated (NYSE:TDG) by 7.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171 shares of the aerospace company’s stock after selling 13 shares during the quarter. Ellevest Inc.’s holdings in TransDigm Group were worth $217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in TransDigm Group by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company’s stock valued at $7,946,863,000 after purchasing an additional 79,284 shares during the period. Capital World Investors grew its stake in shares of TransDigm Group by 4.3% during the 4th quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company’s stock worth $4,805,434,000 after acquiring an additional 155,541 shares during the period. JPMorgan Chase & Co. grew its stake in shares of TransDigm Group by 10.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock worth $2,793,908,000 after acquiring an additional 206,822 shares during the period. Principal Financial Group Inc. grew its stake in shares of TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after acquiring an additional 185,422 shares during the period. Finally, FMR LLC grew its stake in shares of TransDigm Group by 0.3% during the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company’s stock worth $2,440,268,000 after acquiring an additional 5,414 shares during the period. Institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Susquehanna increased their price target on 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. Truist Financial cut their price target on TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a research note on Friday. Northcoast Research upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target for the company in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company increased their price target on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an “overweight” rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,490.20.

TransDigm Group Stock Down 0.9%

NYSE:TDG opened at $1,372.20 on Monday. The business’s 50-day moving average price is $1,353.73 and its two-hundred day moving average price is $1,321.52. 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 $77.07 billion, a P/E ratio of 48.40, a PEG ratio of 2.76 and a beta of 1.09.

TransDigm Group (NYSE:TDG) last released its quarterly 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. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the firm posted $7.99 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, 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 value of $7,200,768.96. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at $28,355,659.64. This trade represents a 20.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert J. Small sold 1,000 shares of the firm’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 completion of the sale, the director now directly owns 95,147 shares in the company, valued at approximately $127,042,177.34. The trade was a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 174,135 shares of company stock valued at $240,122,586 in the last 90 days. Corporate insiders own 4.09% of the company’s stock.

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.