Sequoia Financial Advisors LLC Has $8.26 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Sequoia Financial Advisors LLC increased its position in TransDigm Group Incorporated (NYSE:TDG) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,518 shares of the aerospace company’s stock after buying an additional 232 shares during the period. Sequoia Financial Advisors LLC’s holdings in TransDigm Group were worth $8,260,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TDG. Ashton Thomas Securities LLC acquired a new position in TransDigm Group in the third quarter worth approximately $81,000. Apollon Wealth Management LLC grew its holdings in TransDigm Group by 8.2% during the third quarter. Apollon Wealth Management LLC now owns 831 shares of the aerospace company’s stock valued at $1,185,000 after purchasing an additional 63 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in TransDigm Group by 1.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 123,240 shares of the aerospace company’s stock valued at $175,880,000 after purchasing an additional 1,988 shares during the last quarter. Prime Capital Investment Advisors LLC grew its holdings in TransDigm Group by 15.3% during the third quarter. Prime Capital Investment Advisors LLC now owns 3,880 shares of the aerospace company’s stock valued at $5,537,000 after purchasing an additional 514 shares during the last quarter. Finally, Haverford Trust Co grew its holdings in TransDigm Group by 4.7% during the third quarter. Haverford Trust Co now owns 1,129 shares of the aerospace company’s stock valued at $1,611,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on 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 directly owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,337,899.18. The trade was a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 123,594 shares of company stock valued at $164,002,398. 4.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a report on Monday, February 24th. Truist Financial increased their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus price target of $1,472.47.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,326.51 on Thursday. The stock has a market cap of $74.40 billion, a P/E ratio of 46.79, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a one year low of $1,163.82 and a one year high of $1,451.32. The stock has a fifty day moving average price of $1,323.34 and a 200 day moving average price of $1,326.99.

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

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.