Washington Trust Advisors Inc. Increases Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Washington Trust Advisors Inc. grew its position in TransDigm Group Incorporated (NYSE:TDG) by 29.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236 shares of the aerospace company’s stock after purchasing an additional 53 shares during the period. Washington Trust Advisors Inc.’s holdings in TransDigm Group were worth $299,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TDG. Farther Finance Advisors LLC increased its holdings in TransDigm Group by 10.0% during the third quarter. Farther Finance Advisors LLC now owns 187 shares of the aerospace company’s stock worth $266,000 after buying an additional 17 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in TransDigm Group by 6.6% during the third quarter. Janney Montgomery Scott LLC now owns 12,745 shares of the aerospace company’s stock worth $18,189,000 after purchasing an additional 786 shares during the period. Harbor Capital Advisors Inc. bought a new position in TransDigm Group during the third quarter worth about $360,000. Robeco Institutional Asset Management B.V. boosted its position in TransDigm Group by 54.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 11,709 shares of the aerospace company’s stock worth $16,710,000 after purchasing an additional 4,121 shares during the period. Finally, QRG Capital Management Inc. boosted its position in TransDigm Group by 34.1% during the third quarter. QRG Capital Management Inc. now owns 751 shares of the aerospace company’s stock worth $1,072,000 after purchasing an additional 191 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Price Performance

Shares of TransDigm Group stock opened at $1,376.10 on Thursday. TransDigm Group Incorporated has a 1 year low of $1,136.27 and a 1 year high of $1,451.32. The firm has a market cap of $77.18 billion, a PE ratio of 48.54, a PEG ratio of 2.76 and a beta of 1.38. The company has a 50 day simple moving average of $1,318.10 and a two-hundred day simple moving average of $1,326.26.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the business posted $7.16 earnings per share. TransDigm Group’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total transaction of $3,969,060.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,762,872. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 121,647 shares of company stock valued at $155,847,223. 4.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TDG. Citigroup increased their target price 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. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Truist Financial raised their price objective on shares of 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. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,472.47.

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.