TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,498 shares of the aerospace company’s stock after selling 1,432 shares during the period. Allspring Global Investments Holdings LLC’s holdings in TransDigm Group were worth $21,011,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TDG. International Assets Investment Management LLC acquired a new position in shares of TransDigm Group during the 1st quarter worth approximately $27,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of TransDigm Group during the 3rd quarter valued at approximately $27,000. Cullen Frost Bankers Inc. purchased a new stake in shares of TransDigm Group during the 1st quarter valued at approximately $28,000. Resurgent Financial Advisors LLC purchased a new stake in shares of TransDigm Group during the 4th quarter valued at approximately $30,000. Finally, Smithfield Trust Co raised its position in shares of TransDigm Group by 75.0% during the 1st quarter. Smithfield Trust Co now owns 56 shares of the aerospace company’s stock valued at $42,000 after buying an additional 24 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Trading Up 0.1 %

TransDigm Group stock opened at $819.05 on Monday. The stock’s fifty day simple moving average is $858.20 and its 200-day simple moving average is $840.66. The firm has a market capitalization of $45.20 billion, a P/E ratio of 43.64, a P/E/G ratio of 1.13 and a beta of 1.39. TransDigm Group Incorporated has a twelve month low of $545.29 and a twelve month high of $940.00.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 8th. The aerospace company reported $7.25 EPS for the quarter, topping analysts’ consensus estimates of $5.87 by $1.38. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.69 billion. TransDigm Group had a net margin of 18.41% and a negative return on equity of 39.57%. The company’s revenue was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.36 earnings per share. Sell-side analysts predict that TransDigm Group Incorporated will post 23.13 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $853.76, for a total transaction of $2,561,280.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $3,073,536. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $853.76, for a total value of $2,561,280.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $3,073,536. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Small sold 2,967 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $880.47, for a total transaction of $2,612,354.49. Following the completion of the transaction, the director now owns 191,171 shares of the company’s stock, valued at approximately $168,320,330.37. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,276 shares of company stock worth $44,165,970. Corporate insiders own 7.18% of the company’s stock.

Wall Street Analysts Forecast Growth

TDG has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of TransDigm Group from $840.00 to $910.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 15th. Deutsche Bank Aktiengesellschaft began coverage on TransDigm Group in a research report on Wednesday, September 27th. They issued a “buy” rating and a $1,001.00 target price on the stock. Bank of America boosted their target price on TransDigm Group from $980.00 to $1,000.00 and gave the company a “buy” rating in a research report on Tuesday, August 15th. Susquehanna boosted their target price on TransDigm Group from $820.00 to $850.00 and gave the company a “neutral” rating in a research report on Wednesday, August 9th. Finally, Truist Financial reissued a “buy” rating and issued a $1,044.00 target price on shares of TransDigm Group in a research report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $947.71.

About TransDigm Group

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.