Everstar Asset Management LLC Lowers Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Everstar Asset Management LLC reduced its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 41.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 224 shares of the aerospace company’s stock after selling 160 shares during the quarter. Everstar Asset Management LLC’s holdings in TransDigm Group were worth $284,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Resonant Capital Advisors LLC boosted its position in TransDigm Group by 1.8% during the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock worth $585,000 after purchasing an additional 8 shares in the last quarter. Quent Capital LLC increased its position in shares of TransDigm Group by 6.5% in the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock valued at $167,000 after buying an additional 8 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of TransDigm Group by 3.6% during the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock worth $293,000 after buying an additional 8 shares during the period. CX Institutional lifted its position in shares of TransDigm Group by 5.4% during the 4th quarter. CX Institutional now owns 175 shares of the aerospace company’s stock valued at $222,000 after buying an additional 9 shares in the last quarter. Finally, Western Financial Corp CA grew its stake in TransDigm Group by 0.6% in the 4th quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company’s stock valued at $1,902,000 after acquiring an additional 9 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TDG. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Wells Fargo & Company lifted their price objective on TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a report on Monday, February 24th. Citigroup lifted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Truist Financial increased their price objective 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. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus price target of $1,477.18.

TransDigm Group Stock Up 0.3 %

TDG stock opened at $1,381.36 on Tuesday. TransDigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,451.32. The stock has a market cap of $77.47 billion, a price-to-earnings ratio of 48.73, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The business has a fifty day moving average of $1,344.01 and a two-hundred day moving average of $1,329.97.

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

Insider Transactions at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,337,899.18. This represents a 71.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated 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. In the last three months, insiders have sold 124,594 shares of company stock worth $165,646,468. 4.09% of the stock is currently owned by insiders.

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.