Great Lakes Advisors LLC Acquires 9 Shares of TransDigm Group Incorporated (NYSE:TDG)

Great Lakes Advisors LLC raised its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,938 shares of the aerospace company’s stock after purchasing an additional 9 shares during the period. Great Lakes Advisors LLC’s holdings in TransDigm Group were worth $3,723,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TDG. Erste Asset Management GmbH bought a new position in TransDigm Group during the 3rd quarter valued at approximately $29,000. Capital Advisors Ltd. LLC raised its position in shares of TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 16 shares in the last quarter. Trust Co. of Vermont grew its stake in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after buying an additional 15 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after buying an additional 18 shares during the last quarter. Finally, Sachetta LLC grew its stake in shares of TransDigm Group by 105.9% in the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock worth $44,000 after buying an additional 18 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Up 1.3 %

TDG opened at $1,346.98 on Friday. TransDigm Group Incorporated has a 12 month low of $1,163.82 and a 12 month high of $1,451.32. The stock has a 50-day moving average of $1,326.27 and a 200 day moving average of $1,327.32. The firm has a market cap of $75.55 billion, a P/E ratio of 47.51, a P/E/G ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the business earned $7.16 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, research analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the sale, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,525,524. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 123,594 shares of company stock worth $164,002,398 over the last 90 days. Company insiders own 4.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and cut their target price for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Barclays reissued an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Truist Financial raised 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. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, TransDigm Group currently has an average rating of “Moderate Buy” and an average price target of $1,472.47.

About TransDigm Group

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.