AdvisorNet Financial Inc Increases Stake in TransDigm Group Incorporated (NYSE:TDG)

AdvisorNet Financial Inc boosted its stake in shares of TransDigm Group Incorporated (NYSE:TDGFree Report) by 14.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,066 shares of the aerospace company’s stock after purchasing an additional 135 shares during the quarter. AdvisorNet Financial Inc’s holdings in TransDigm Group were worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in TransDigm Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company’s stock worth $4,977,008,000 after buying an additional 104,433 shares during the last quarter. Deutsche Bank AG increased its holdings in TransDigm Group by 1,947.8% during the 3rd quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after purchasing an additional 3,225,771 shares during the period. State Street Corp increased its holdings in TransDigm Group by 2.0% during the 2nd quarter. State Street Corp now owns 2,061,845 shares of the aerospace company’s stock worth $1,843,640,000 after purchasing an additional 39,677 shares during the period. FMR LLC increased its holdings in TransDigm Group by 9.0% during the 3rd quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock worth $1,392,355,000 after purchasing an additional 136,834 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in TransDigm Group by 46.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock worth $933,765,000 after purchasing an additional 349,409 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Down 0.2 %

NYSE TDG opened at $1,231.60 on Monday. The company has a market capitalization of $68.49 billion, a P/E ratio of 52.28, a P/E/G ratio of 2.51 and a beta of 1.42. TransDigm Group Incorporated has a 12-month low of $714.98 and a 12-month high of $1,238.95. The firm has a 50-day moving average price of $1,158.11 and a two-hundred day moving average price of $1,009.25.

TransDigm Group (NYSE:TDGGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.15 EPS. Equities analysts expect that TransDigm Group Incorporated will post 29.03 EPS for the current year.

Insider Buying and Selling

In other TransDigm Group news, Director W Nicholas Howley sold 38,863 shares of TransDigm Group stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $1,015.05, for a total transaction of $39,447,888.15. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $21,872,297.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other TransDigm Group news, Director W Nicholas Howley sold 38,863 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $1,015.05, for a total value of $39,447,888.15. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $21,872,297.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $1,022.29, for a total value of $3,066,870.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $3,680,244. The disclosure for this sale can be found here. Insiders have sold a total of 91,480 shares of company stock valued at $100,102,829 over the last ninety days. 4.96% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TDG. KeyCorp upped their target price on TransDigm Group from $1,180.00 to $1,220.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Barclays raised their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Susquehanna raised their price objective on TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. raised their price target on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Finally, Truist Financial raised their price target on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,119.00.

Read Our Latest Stock Report on TransDigm Group

TransDigm Group Company Profile

(Free Report)

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.

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

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