Dynamic Advisor Solutions LLC Purchases New Shares in Transdigm Group Incorporated (NYSE:TDG)

Dynamic Advisor Solutions LLC purchased a new stake in shares of Transdigm Group Incorporated (NYSE:TDG) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 804 shares of the aerospace company’s stock, valued at approximately $1,113,000.

Several other hedge funds also recently made changes to their positions in TDG. Bruce G. Allen Investments LLC boosted its position in shares of Transdigm Group by 111.1% during the first quarter. Bruce G. Allen Investments LLC now owns 19 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 10 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Transdigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 16 shares in the last quarter. Park Square Financial Group LLC bought a new stake in Transdigm Group in the fourth quarter worth $32,000. Meeder Asset Management Inc. boosted its holdings in Transdigm Group by 210.0% in the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 21 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in Transdigm Group in the fourth quarter worth $74,000. 95.78% of the stock is currently owned by institutional investors.

Transdigm Group Price Performance

TDG stock opened at $1,424.96 on Wednesday. The stock has a market capitalization of $80.04 billion, a P/E ratio of 48.11, a P/E/G ratio of 3.04 and a beta of 1.05. Transdigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,488.54. The business has a fifty day moving average price of $1,404.34 and a 200-day moving average price of $1,346.29.

Transdigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating analysts’ consensus estimates of $8.83 by $0.28. The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. Transdigm Group’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.99 earnings per share. As a group, analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. UBS Group boosted their target price on Transdigm Group from $1,451.00 to $1,645.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Wall Street Zen raised Transdigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 17th. Truist Financial dropped their target price on Transdigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company boosted their target price on Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Finally, Northcoast Research raised Transdigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price on the stock in a report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Transdigm Group presently has an average rating of “Moderate Buy” and an average target price of $1,505.23.

Insider Activity at Transdigm Group

In related news, Director W Nicholas Howley sold 49,241 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $31,801,615.80. This represents a 69.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sarah Wynne sold 3,200 shares of the company’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $1,452.15, for a total value of $4,646,880.00. Following the sale, the chief financial officer now owns 3,400 shares of the company’s stock, valued at approximately $4,937,310. This trade represents a 48.48% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 139,413 shares of company stock worth $198,508,074. 4.09% 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.