Atria Wealth Solutions Inc. Grows Holdings in TransDigm Group Incorporated (NYSE:TDG)

Atria Wealth Solutions Inc. increased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 47.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 479 shares of the aerospace company’s stock after purchasing an additional 155 shares during the period. Atria Wealth Solutions Inc.’s holdings in TransDigm Group were worth $485,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its position in shares of TransDigm Group by 1,947.8% during the third quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after buying an additional 3,225,771 shares during the period. JPMorgan Chase & Co. lifted its stake 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 acquiring an additional 349,409 shares in the last quarter. Cerity Partners LLC boosted its holdings in TransDigm Group by 34,288.0% during the 4th quarter. Cerity Partners LLC now owns 205,640 shares of the aerospace company’s stock valued at $208,025,000 after acquiring an additional 205,042 shares during the period. FMR LLC grew its position in TransDigm Group by 9.0% in the 3rd quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock valued at $1,392,355,000 after acquiring an additional 136,834 shares in the last quarter. Finally, Vanguard Group Inc. increased 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 purchasing an additional 104,433 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. Susquehanna boosted their price target on shares of TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Truist Financial raised their price objective on shares of TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a report on Friday, February 9th. Citigroup lifted their price objective on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, Barclays increased their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,170.27.

TransDigm Group Stock Performance

TDG opened at $1,293.80 on Monday. TransDigm Group Incorporated has a one year low of $750.86 and a one year high of $1,303.49. The stock has a market capitalization of $71.95 billion, a P/E ratio of 54.92, a price-to-earnings-growth ratio of 2.63 and a beta of 1.40. The business’s 50-day simple moving average is $1,212.23 and its 200-day simple moving average is $1,077.11.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, topping the consensus estimate of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the company posted $4.15 earnings per share. The firm’s revenue was up 28.1% compared to the same quarter last year. On average, equities research analysts forecast that TransDigm Group Incorporated will post 29.08 EPS for the current fiscal year.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 2,391 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 21,549 shares of the company’s stock, valued at approximately $25,008,691.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Michael Graff sold 3,460 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the completion of the sale, the director now owns 4,879 shares in the company, valued at $5,406,761.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 2,391 shares of TransDigm Group stock in a transaction on 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 transaction, the director now owns 21,549 shares in the company, valued at $25,008,691.95. The disclosure for this sale can be found here. Insiders sold a total of 59,087 shares of company stock worth $69,840,358 in the last 90 days. 4.96% of the stock is owned by insiders.

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.