TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in TransDigm Group Incorporated (NYSE:TDGFree Report) by 7.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,809 shares of the aerospace company’s stock after buying an additional 127 shares during the quarter. Commonwealth Equity Services LLC’s holdings in TransDigm Group were worth $2,229,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Greenleaf Trust boosted its position in shares of TransDigm Group by 1.4% during the 1st quarter. Greenleaf Trust now owns 1,422 shares of the aerospace company’s stock worth $1,751,000 after purchasing an additional 19 shares in the last quarter. Paragon Advisors LLC boosted its position in shares of TransDigm Group by 10.7% during the 1st quarter. Paragon Advisors LLC now owns 1,443 shares of the aerospace company’s stock worth $1,777,000 after purchasing an additional 140 shares in the last quarter. RWA Wealth Partners LLC purchased a new stake in shares of TransDigm Group during the 1st quarter worth $551,000. Verde Servicos Internacionais S.A. purchased a new stake in shares of TransDigm Group during the 1st quarter worth $8,524,000. Finally, Mn Services Vermogensbeheer B.V. purchased a new stake in shares of TransDigm Group during the 1st quarter worth $27,588,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TDG has been the topic of several research analyst reports. Truist Financial boosted their target price on shares of TransDigm Group from $1,267.00 to $1,425.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Wells Fargo & Company boosted their price objective on shares of TransDigm Group from $1,260.00 to $1,390.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. KeyCorp boosted their price objective on shares of TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Thursday, June 27th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,414.06.

Get Our Latest Report on TDG

Insider Activity

In related news, insider Jessica L. Warren sold 925 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the sale, the insider now owns 50 shares of the company’s stock, valued at approximately $66,967. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Jessica L. Warren sold 925 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the sale, the insider now owns 50 shares of the company’s stock, valued at approximately $66,967. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $1,308.52, for a total transaction of $13,085,200.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,674,906.16. The disclosure for this sale can be found here. Insiders sold a total of 100,833 shares of company stock valued at $131,249,183 in the last 90 days. 4.96% of the stock is currently owned by insiders.

TransDigm Group Price Performance

NYSE TDG opened at $1,274.55 on Friday. TransDigm Group Incorporated has a 12 month low of $802.46 and a 12 month high of $1,369.57. The company has a 50-day moving average of $1,307.22 and a 200-day moving average of $1,194.09. The company has a market cap of $71.32 billion, a P/E ratio of 50.56, a P/E/G ratio of 2.17 and a beta of 1.38.

TransDigm Group (NYSE:TDGGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company posted $5.39 EPS. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. As a group, equities research analysts anticipate that TransDigm Group Incorporated will post 30.04 EPS for the current year.

About TransDigm Group

(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.

Further Reading

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

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