Snider Financial Group Increases Holdings in TransDigm Group Incorporated (NYSE:TDG)

Snider Financial Group raised its holdings in TransDigm Group Incorporated (NYSE:TDG) by 20.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,724 shares of the aerospace company’s stock after purchasing an additional 468 shares during the quarter. TransDigm Group accounts for 1.1% of Snider Financial Group’s holdings, making the stock its 27th largest holding. Snider Financial Group’s holdings in TransDigm Group were worth $3,452,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. First Personal Financial Services acquired a new position in TransDigm Group during the 3rd quarter worth approximately $29,000. Erste Asset Management GmbH acquired a new position in TransDigm Group during the 3rd quarter worth approximately $29,000. Capital Advisors Ltd. LLC boosted its position in shares of TransDigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 16 shares in the last quarter. Trust Co. of Vermont increased its stake in TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 15 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Down 1.7 %

NYSE:TDG opened at $1,347.60 on Wednesday. The company has a 50-day moving average price of $1,316.62 and a 200-day moving average price of $1,325.91. The stock has a market cap of $75.58 billion, a price-to-earnings ratio of 47.53, a P/E/G ratio of 2.76 and a beta of 1.40. TransDigm Group Incorporated has a 12 month low of $1,136.27 and a 12 month high of $1,451.32.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $7.16 earnings per share. Equities analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TDG. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Truist Financial lifted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Barclays reiterated an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. Finally, UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a research note on Monday, February 24th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,472.47.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $11,046,584.64. The trade was a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,762,872. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,647 shares of company stock worth $155,847,223. Company insiders own 4.09% of the company’s stock.

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.