TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. decreased its position in shares of TransDigm Group Incorporated (NYSE:TDGGet Rating) by 15.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,187 shares of the aerospace company’s stock after selling 414 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in TransDigm Group were worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in TransDigm Group by 2.1% in the first quarter. Vanguard Group Inc. now owns 5,602,332 shares of the aerospace company’s stock valued at $3,650,144,000 after buying an additional 117,137 shares during the last quarter. Principal Financial Group Inc. lifted its position in TransDigm Group by 5.6% in the second quarter. Principal Financial Group Inc. now owns 3,257,661 shares of the aerospace company’s stock valued at $1,748,289,000 after buying an additional 173,413 shares during the last quarter. Altarock Partners LLC lifted its position in TransDigm Group by 2.6% in the second quarter. Altarock Partners LLC now owns 1,458,679 shares of the aerospace company’s stock valued at $782,829,000 after buying an additional 37,400 shares during the last quarter. Legal & General Group Plc lifted its position in TransDigm Group by 1.6% in the second quarter. Legal & General Group Plc now owns 326,075 shares of the aerospace company’s stock valued at $174,995,000 after buying an additional 5,076 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in TransDigm Group by 3.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 277,731 shares of the aerospace company’s stock valued at $180,953,000 after buying an additional 9,870 shares during the last quarter. Institutional investors and hedge funds own 96.00% of the company’s stock.

TransDigm Group Stock Up 1.9 %

Shares of NYSE:TDG opened at $672.65 on Friday. TransDigm Group Incorporated has a fifty-two week low of $499.63 and a fifty-two week high of $691.00. The firm’s 50 day moving average price is $631.53 and its 200 day moving average price is $600.81. The stock has a market cap of $36.58 billion, a price-to-earnings ratio of 50.05, a price-to-earnings-growth ratio of 1.67 and a beta of 1.39.

TransDigm Group (NYSE:TDGGet Rating) last released its quarterly earnings data on Thursday, November 10th. The aerospace company reported $4.74 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.28. TransDigm Group had a net margin of 15.95% and a negative return on equity of 29.95%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the company earned $3.94 earnings per share. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. On average, equities analysts anticipate that TransDigm Group Incorporated will post 19.88 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Morgan Stanley decreased their target price on shares of TransDigm Group from $801.00 to $765.00 and set an “overweight” rating on the stock in a research report on Monday, December 12th. Credit Suisse Group boosted their price target on shares of TransDigm Group from $718.00 to $735.00 and gave the stock an “outperform” rating in a research note on Thursday, January 12th. Truist Financial boosted their price target on shares of TransDigm Group from $700.00 to $710.00 in a research note on Monday, January 9th. Wells Fargo & Company lowered shares of TransDigm Group from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $735.00 to $660.00 in a research note on Monday, November 28th. Finally, Wolfe Research assumed coverage on shares of TransDigm Group in a research note on Monday, October 10th. They set an “outperform” rating and a $650.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $696.67.

Insiders Place Their Bets

In other TransDigm Group news, COO Jorge Valladares sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $667.41, for a total transaction of $13,348,200.00. Following the sale, the chief operating officer now owns 11,000 shares of the company’s stock, valued at $7,341,510. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, COO Jorge Valladares sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $667.41, for a total transaction of $13,348,200.00. Following the transaction, the chief operating officer now directly owns 11,000 shares in the company, valued at $7,341,510. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $620.35, for a total transaction of $4,032,275.00. Following the transaction, the director now owns 21,548 shares in the company, valued at $13,367,301.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,500 shares of company stock valued at $25,866,810. 8.96% of the stock is owned by corporate insiders.

About TransDigm Group

(Get Rating)

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.

Read More

Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

Receive News & Ratings for TransDigm Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group and related companies with MarketBeat.com's FREE daily email newsletter.