NBC Securities Inc. Makes New $124,000 Investment in TransDigm Group Incorporated (NYSE:TDG)

NBC Securities Inc. bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 89 shares of the aerospace company’s stock, valued at approximately $124,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Quent Capital LLC increased its holdings in TransDigm Group by 6.5% during the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock worth $167,000 after purchasing an additional 8 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of TransDigm Group by 3.6% during the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock worth $293,000 after buying an additional 8 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of TransDigm Group by 13.1% during the 1st quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company’s stock worth $95,000 after buying an additional 8 shares during the last quarter. TFB Advisors LLC boosted its stake in shares of TransDigm Group by 2.3% during the 4th quarter. TFB Advisors LLC now owns 399 shares of the aerospace company’s stock worth $506,000 after buying an additional 9 shares during the last quarter. Finally, Howard Capital Management Inc. boosted its stake in shares of TransDigm Group by 3.4% during the 4th quarter. Howard Capital Management Inc. now owns 276 shares of the aerospace company’s stock worth $350,000 after buying an additional 9 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

TDG has been the subject of a number of recent research reports. UBS Group increased their price objective on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Truist Financial reduced their price objective on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Wall Street Zen upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 17th. Northcoast Research upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective for the company in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company raised their target price on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,505.23.

TransDigm Group Stock Down 0.4%

TransDigm Group stock opened at $1,459.79 on Tuesday. The stock has a market cap of $81.99 billion, a P/E ratio of 51.49, a P/E/G ratio of 2.76 and a beta of 1.05. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54. The company’s 50-day moving average price is $1,385.12 and its two-hundred day moving average price is $1,339.52.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping the consensus estimate of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the firm earned $7.99 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,300 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total value of $4,361,940.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,758,480. This trade represents a 47.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert J. Small sold 1,000 shares of TransDigm Group stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the transaction, the director now owns 95,147 shares in the company, valued at approximately $127,042,177.34. This trade represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,713 shares of company stock valued at $127,463,457. 4.09% of the stock is currently owned by company 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.