RWA Wealth Partners LLC Sells 38 Shares of TransDigm Group Incorporated (NYSE:TDG)

RWA Wealth Partners LLC lowered its stake in TransDigm Group Incorporated (NYSE:TDG) by 8.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 417 shares of the aerospace company’s stock after selling 38 shares during the quarter. RWA Wealth Partners LLC’s holdings in TransDigm Group were worth $528,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Public Sector Pension Investment Board boosted its stake in TransDigm Group by 13.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,453 shares of the aerospace company’s stock valued at $3,501,000 after purchasing an additional 300 shares during the last quarter. Captrust Financial Advisors grew its holdings in TransDigm Group by 0.8% during the third quarter. Captrust Financial Advisors now owns 2,449 shares of the aerospace company’s stock valued at $3,494,000 after purchasing an additional 20 shares during the period. Erste Asset Management GmbH purchased a new stake in TransDigm Group in the 3rd quarter worth approximately $29,000. Benjamin Edwards Inc. purchased a new stake in shares of TransDigm Group in the third quarter worth $1,550,000. Finally, Ascent Group LLC raised its holdings in TransDigm Group by 2.1% during the third quarter. Ascent Group LLC now owns 1,039 shares of the aerospace company’s stock valued at $1,483,000 after acquiring an additional 21 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Trading Up 0.9 %

Shares of TDG opened at $1,395.22 on Wednesday. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,451.32. The company’s fifty day simple moving average is $1,344.78 and its 200-day simple moving average is $1,330.16. The company has a market cap of $78.25 billion, a P/E ratio of 49.21, a P/E/G ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data 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 the consensus estimate 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 quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $7.16 earnings per share. Analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TDG shares. Wells Fargo & Company increased their target price on TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 25th. 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. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Citigroup raised their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Truist Financial boosted their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock 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 issued a buy rating to the company’s stock. According to MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and an average target price of $1,477.18.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,896,144. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at $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. Insiders sold a total of 124,594 shares of company stock worth $165,646,468 in the last quarter. 4.09% of the stock is owned by company 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.