HighPoint Advisor Group LLC Buys 38 Shares of TransDigm Group Incorporated (NYSE:TDG)

HighPoint Advisor Group LLC lifted its position in TransDigm Group Incorporated (NYSE:TDG) by 10.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 412 shares of the aerospace company’s stock after purchasing an additional 38 shares during the period. HighPoint Advisor Group LLC’s holdings in TransDigm Group were worth $561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of TDG. Erste Asset Management GmbH purchased a new stake in shares of TransDigm Group during the 3rd quarter worth approximately $29,000. Capital Advisors Ltd. LLC raised its holdings in shares of TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after buying an additional 16 shares during the period. Trust Co. of Vermont lifted its stake in shares of TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 15 shares during the last quarter. Versant Capital Management Inc boosted its holdings in TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 18 shares during the period. Finally, Meeder Asset Management Inc. increased its stake in TransDigm Group by 210.0% in the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 21 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Price Performance

TDG stock opened at $1,400.28 on Thursday. The company has a market capitalization of $78.53 billion, a P/E ratio of 49.39, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32. The firm’s fifty day simple moving average is $1,345.69 and its 200-day simple moving average is $1,330.65.

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 analysts’ consensus estimates 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 last year, the business posted $7.16 EPS. The company’s revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on TDG shares. Susquehanna upped their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Citigroup lifted their price target 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. Truist Financial increased their price objective on 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. Finally, StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,480.12.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,337,899.18. This trade represents a 71.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Small sold 40,000 shares of the 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. In the last 90 days, insiders have sold 124,594 shares of company stock worth $165,646,468. Corporate insiders own 4.09% of the company’s stock.

TransDigm Group 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.