TransDigm Group Incorporated (NYSE:TDG) Position Raised by Proficio Capital Partners LLC

Proficio Capital Partners LLC raised its stake in TransDigm Group Incorporated (NYSE:TDG) by 286,247.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 730,185 shares of the aerospace company’s stock after buying an additional 729,930 shares during the quarter. TransDigm Group accounts for approximately 0.5% of Proficio Capital Partners LLC’s holdings, making the stock its 28th biggest holding. Proficio Capital Partners LLC’s holdings in TransDigm Group were worth $925,349,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Souders Financial Advisors raised its stake in shares of TransDigm Group by 1.0% during the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock valued at $1,137,000 after purchasing an additional 8 shares in the last quarter. Prosperity Financial Group Inc. raised its stake in shares of TransDigm Group by 3.6% during the third 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 in the last quarter. Resonant Capital Advisors LLC raised its stake in shares of 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 purchasing an additional 8 shares in the last quarter. Quent Capital LLC raised its stake in shares of TransDigm Group by 6.5% during the fourth quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock valued at $167,000 after purchasing an additional 8 shares in the last quarter. Finally, CX Institutional raised its stake in shares of TransDigm Group by 5.4% during the fourth quarter. CX Institutional now owns 175 shares of the aerospace company’s stock valued at $222,000 after purchasing an additional 9 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TDG. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Truist Financial boosted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Barclays reiterated an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,472.47.

Insider Activity at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, December 12th. The stock was 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 owns 8,158 shares of the company’s stock, valued at $10,181,755.06. This represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 121,647 shares of company stock valued at $155,847,223. 4.09% of the stock is owned by insiders.

TransDigm Group Trading Down 0.1 %

Shares of TDG opened at $1,331.85 on Thursday. TransDigm Group Incorporated has a 1 year low of $1,136.27 and a 1 year high of $1,451.32. The stock has a market cap of $74.70 billion, a P/E ratio of 46.98, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. The stock’s 50-day moving average price is $1,310.51 and its two-hundred day moving average price is $1,322.54.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the business posted $7.16 EPS. TransDigm Group’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities analysts forecast 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.