Summit Financial LLC Raises Stake in TransDigm Group Incorporated (NYSE:TDG)

Summit Financial LLC increased its position in TransDigm Group Incorporated (NYSE:TDG) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 533 shares of the aerospace company’s stock after purchasing an additional 28 shares during the quarter. Summit Financial LLC’s holdings in TransDigm Group were worth $676,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Public Sector Pension Investment Board boosted its position 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 acquiring an additional 300 shares in the last quarter. Captrust Financial Advisors increased its stake in TransDigm Group by 0.8% during the 3rd 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 in the last quarter. Erste Asset Management GmbH purchased a new position in shares of TransDigm Group in the third quarter worth about $29,000. Benjamin Edwards Inc. acquired a new stake in shares of TransDigm Group in the third quarter worth $1,550,000. Finally, Ascent Group LLC grew its position in TransDigm Group by 2.1% during the 3rd quarter. Ascent Group LLC now owns 1,039 shares of the aerospace company’s stock worth $1,483,000 after purchasing an additional 21 shares during the period. Institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets

In other news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated 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 directly owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Small sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the transaction, the director now owns 98,185 shares in the company, valued at $132,138,354.85. This represents a 28.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 124,594 shares of company stock valued at $165,646,468. 4.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TDG. Wells Fargo & Company lifted their target price on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the company an “overweight” rating in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Truist Financial increased their price target 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 reaffirmed an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Finally, StockNews.com downgraded TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,480.12.

TransDigm Group Trading Up 0.2 %

Shares of TDG stock opened at $1,400.28 on Thursday. The company has a market cap of $78.53 billion, a P/E ratio of 49.39, a PEG ratio of 2.76 and a beta of 1.38. The firm has a fifty day moving average price of $1,345.69 and a 200 day moving average price of $1,330.65. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32.

TransDigm Group (NYSE:TDG) last released 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. 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 during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the firm posted $7.16 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, 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.