TFB Advisors LLC Grows Stake in TransDigm Group Incorporated (NYSE:TDG)

TFB Advisors LLC grew its position in TransDigm Group Incorporated (NYSE:TDG) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 399 shares of the aerospace company’s stock after buying an additional 9 shares during the quarter. TFB Advisors LLC’s holdings in TransDigm Group were worth $506,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TDG. First Personal Financial Services purchased a new stake in TransDigm Group in the third quarter worth about $29,000. Erste Asset Management GmbH bought a new stake in shares of TransDigm Group in the 3rd quarter valued at about $29,000. Trust Co. of Vermont lifted its position in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares during the period. Versant Capital Management Inc boosted its stake in shares of TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 18 shares in the last quarter. Finally, DT Investment Partners LLC increased its holdings in TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after buying an additional 11 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,892,616. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,525 shares of company stock worth $112,769,801 in the last 90 days. Insiders own 4.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TDG. Barclays reissued an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. Truist Financial raised their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. KeyCorp lifted their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Citigroup increased their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,462.35.

TransDigm Group Stock Performance

TDG stock opened at $1,353.69 on Thursday. The firm’s fifty day moving average is $1,298.24 and its 200 day moving average is $1,316.72. The firm has a market cap of $75.91 billion, a PE ratio of 47.75, a P/E/G ratio of 2.86 and a beta of 1.40. TransDigm Group Incorporated has a one year low of $1,100.86 and a one year high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $7.16 EPS. Research analysts predict that TransDigm Group Incorporated will post 34.11 earnings per share for the current fiscal year.

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.