Prime Capital Investment Advisors LLC Sells 422 Shares of TransDigm Group Incorporated (NYSE:TDG)

Prime Capital Investment Advisors LLC lessened its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 11.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,366 shares of the aerospace company’s stock after selling 422 shares during the period. Prime Capital Investment Advisors LLC’s holdings in TransDigm Group were worth $4,300,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Advisory Services Network LLC lifted its holdings in shares of TransDigm Group by 15.0% during the 4th quarter. Advisory Services Network LLC now owns 5,846 shares of the aerospace company’s stock valued at $5,913,000 after purchasing an additional 762 shares in the last quarter. Intech Investment Management LLC lifted its stake in TransDigm Group by 68.2% in the 4th quarter. Intech Investment Management LLC now owns 8,531 shares of the aerospace company’s stock valued at $8,630,000 after acquiring an additional 3,458 shares in the last quarter. Brevan Howard Capital Management LP bought a new stake in TransDigm Group in the 4th quarter valued at approximately $1,909,000. Wealth Enhancement Advisory Services LLC lifted its stake in TransDigm Group by 17.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock valued at $4,980,000 after acquiring an additional 567 shares in the last quarter. Finally, UBS Group AG lifted its stake in TransDigm Group by 9.4% in the 4th quarter. UBS Group AG now owns 36,433 shares of the aerospace company’s stock valued at $36,856,000 after acquiring an additional 3,120 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total value of $3,724,800.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,469,760. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. The disclosure for this sale can be found here. Insiders sold 28,073 shares of company stock worth $34,795,388 over the last three months. Insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

Shares of NYSE TDG opened at $1,367.76 on Monday. The stock’s fifty day moving average price is $1,281.89 and its two-hundred day moving average price is $1,269.09. TransDigm Group Incorporated has a one year low of $802.46 and a one year high of $1,380.83. The firm has a market cap of $76.54 billion, a price-to-earnings ratio of 54.25, a P/E/G ratio of 2.12 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.77 by $1.23. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. TransDigm Group’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm posted $6.55 EPS. On average, equities analysts anticipate that TransDigm Group Incorporated will post 30.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on TDG shares. Morgan Stanley boosted their target price on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Bank of America upped their price objective on TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Northcoast Research assumed coverage on TransDigm Group in a research note on Thursday, August 1st. They set a “neutral” rating on the stock. Wells Fargo & Company dropped their price objective on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Finally, Truist Financial upped their price objective on TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus target price of $1,438.24.

About TransDigm Group

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.