Avalon Capital Management Grows Holdings in TransDigm Group Incorporated (NYSE:TDG)

Avalon Capital Management increased its stake in TransDigm Group Incorporated (NYSE:TDG) by 11.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 581 shares of the aerospace company’s stock after acquiring an additional 61 shares during the quarter. Avalon Capital Management’s holdings in TransDigm Group were worth $736,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its stake in shares of TransDigm Group by 15.5% in the 4th quarter. IFP Advisors Inc now owns 239 shares of the aerospace company’s stock valued at $303,000 after purchasing an additional 32 shares in the last quarter. Mainstay Capital Management LLC ADV raised its holdings in shares of TransDigm Group by 25.7% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 2,145 shares of the aerospace company’s stock worth $2,718,000 after purchasing an additional 438 shares during the period. Capital Advisors Ltd. LLC boosted its holdings in shares of TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after buying an additional 16 shares during the period. Sigma Investment Counselors Inc. boosted its stake in TransDigm Group by 1.0% in the fourth quarter. Sigma Investment Counselors Inc. now owns 3,557 shares of the aerospace company’s stock valued at $4,508,000 after acquiring an additional 34 shares during the period. Finally, Howard Capital Management Inc. grew its position in TransDigm Group by 3.4% in the 4th quarter. Howard Capital Management Inc. now owns 276 shares of the aerospace company’s stock worth $350,000 after purchasing an additional 9 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Price Performance

Shares of TransDigm Group stock opened at $1,314.99 on Tuesday. The company’s fifty day moving average price is $1,307.41 and its two-hundred day moving average price is $1,321.84. The firm has a market capitalization of $73.74 billion, a PE ratio of 46.38, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. TransDigm Group Incorporated has a 52-week low of $1,136.27 and a 52-week high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion during 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 business’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm posted $7.16 EPS. Analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Barclays reissued an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Truist Financial boosted their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Citigroup lifted their price objective on shares of 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. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,472.47.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,525,524. This represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Small sold 38,053 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the transaction, the director now owns 567,323 shares in the company, valued at approximately $708,461,615.94. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 118,647 shares of company stock valued at $151,878,163 in the last ninety days. 4.09% of the stock is currently owned by corporate 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.