SVB Wealth LLC Purchases 48 Shares of TransDigm Group Incorporated (NYSE:TDG)

SVB Wealth LLC increased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 14.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 380 shares of the aerospace company’s stock after purchasing an additional 48 shares during the period. SVB Wealth LLC’s holdings in TransDigm Group were worth $385,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TDG. Mackenzie Financial Corp increased its holdings in TransDigm Group by 54.7% in the 4th quarter. Mackenzie Financial Corp now owns 6,384 shares of the aerospace company’s stock valued at $6,458,000 after acquiring an additional 2,257 shares during the last quarter. Conning Inc. bought a new stake in TransDigm Group in the 4th quarter valued at $225,000. Triasima Portfolio Management inc. increased its holdings in TransDigm Group by 121.1% in the 4th quarter. Triasima Portfolio Management inc. now owns 1,050 shares of the aerospace company’s stock valued at $1,062,000 after acquiring an additional 575 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in TransDigm Group in the 4th quarter valued at $3,338,000. Finally, Simplicity Solutions LLC increased its holdings in TransDigm Group by 7.0% in the 4th quarter. Simplicity Solutions LLC now owns 1,393 shares of the aerospace company’s stock valued at $1,409,000 after acquiring an additional 91 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Activity at TransDigm Group

In related news, Director Jorge Valladares sold 578 shares of TransDigm Group stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $1,180.00, for a total transaction of $682,040.00. Following the completion of the sale, the director now owns 11,000 shares in the company, valued at approximately $12,980,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Jorge Valladares sold 578 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $1,180.00, for a total value of $682,040.00. Following the completion of the sale, the director now owns 11,000 shares in the company, valued at approximately $12,980,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 2,391 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the completion of the sale, the director now owns 21,549 shares of the company’s stock, valued at approximately $25,008,691.95. The disclosure for this sale can be found here. Insiders sold 59,087 shares of company stock worth $69,840,358 in the last 90 days. 4.96% of the stock is owned by corporate insiders.

TransDigm Group Trading Down 2.1 %

TDG stock opened at $1,187.70 on Monday. TransDigm Group Incorporated has a 12 month low of $741.74 and a 12 month high of $1,248.39. The company has a 50-day moving average price of $1,192.72 and a 200 day moving average price of $1,049.31. The stock has a market cap of $66.05 billion, a PE ratio of 50.41, a P/E/G ratio of 2.42 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the business posted $4.15 EPS. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. Sell-side analysts forecast that TransDigm Group Incorporated will post 29.08 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Royal Bank of Canada lifted their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. KeyCorp lifted their price objective on shares of TransDigm Group from $1,180.00 to $1,220.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. The Goldman Sachs Group lifted their price objective on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Truist Financial lifted their price objective on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and a consensus target price of $1,163.27.

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.