Optimum Investment Advisors Increases Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Optimum Investment Advisors boosted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 4.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 342 shares of the aerospace company’s stock after purchasing an additional 15 shares during the period. Optimum Investment Advisors’ holdings in TransDigm Group were worth $433,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Prosperity Financial Group Inc. boosted its holdings in TransDigm Group by 3.6% in the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock valued at $328,000 after purchasing an additional 8 shares during the period. Resonant Capital Advisors LLC boosted its stake in TransDigm Group by 1.8% during the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock valued at $585,000 after buying an additional 8 shares during the period. Quent Capital LLC grew its position in TransDigm Group by 6.5% during the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock worth $167,000 after buying an additional 8 shares in the last quarter. Lindbrook Capital LLC increased its stake in TransDigm Group by 3.6% in the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock worth $293,000 after acquiring an additional 8 shares during the last quarter. Finally, CX Institutional raised its holdings in shares of TransDigm Group by 5.4% in the 4th quarter. CX Institutional now owns 175 shares of the aerospace company’s stock valued at $222,000 after acquiring an additional 9 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,344.17 on Friday. The company has a market capitalization of $75.39 billion, a P/E ratio of 47.41, a PEG ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32. The stock has a 50 day moving average price of $1,335.17 and a two-hundred day moving average price of $1,327.31.

TransDigm Group (NYSE:TDG) last posted its quarterly 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 company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $7.16 EPS. As a group, equities analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Activity

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,337,899.18. This represents a 71.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the sale, the director now owns 21,548 shares in the company, 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. Over the last ninety days, insiders sold 124,594 shares of company stock valued at $165,646,468. Insiders own 4.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective on the stock in a research report on Monday, February 24th. Barclays reissued an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. 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 report on Thursday, December 5th. Truist Financial increased their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,472.47.

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.