Transdigm Group Incorporated (NYSE:TDG) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its holdings in Transdigm Group Incorporated (NYSE:TDG) by 0.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,977 shares of the aerospace company’s stock after buying an additional 45 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Transdigm Group were worth $6,886,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Paragon Advisors LLC boosted its holdings in Transdigm Group by 14.2% in the 1st quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company’s stock worth $2,490,000 after acquiring an additional 224 shares during the period. Itau Unibanco Holding S.A. increased its position in Transdigm Group by 89.7% in the fourth quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company’s stock worth $4,202,000 after buying an additional 1,553 shares during the period. Merit Financial Group LLC increased its position in Transdigm Group by 39.5% in the first quarter. Merit Financial Group LLC now owns 813 shares of the aerospace company’s stock worth $1,124,000 after buying an additional 230 shares during the period. DnB Asset Management AS increased its position in Transdigm Group by 2.5% in the fourth quarter. DnB Asset Management AS now owns 24,623 shares of the aerospace company’s stock worth $31,204,000 after buying an additional 599 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in shares of Transdigm Group by 3.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 25,574 shares of the aerospace company’s stock valued at $32,409,000 after purchasing an additional 846 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TDG. Stifel Nicolaus initiated coverage on Transdigm Group in a research note on Tuesday. They set a “buy” rating and a $1,710.00 target price for the company. UBS Group lifted their price target on Transdigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Wall Street Zen upgraded Transdigm Group from a “hold” rating to a “buy” rating in a report on Saturday, May 17th. Northcoast Research upgraded Transdigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price for the company in a research note on Wednesday, April 9th. Finally, Truist Financial lowered their price objective on shares of Transdigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Transdigm Group has an average rating of “Moderate Buy” and an average price target of $1,532.47.

Transdigm Group Stock Performance

Transdigm Group stock opened at $1,474.81 on Wednesday. The stock has a market cap of $82.84 billion, a P/E ratio of 49.79, a PEG ratio of 3.14 and a beta of 1.05. Transdigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,488.54. The firm’s fifty day moving average price is $1,416.31 and its 200-day moving average price is $1,351.99.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.83 by $0.28. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The firm 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 company’s revenue for the quarter was up 12.0% compared to the same quarter last year. Sell-side analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Transactions at Transdigm Group

In other news, Director W Nicholas Howley sold 49,241 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 21,548 shares in the company, valued at $31,801,615.80. This trade represents a 69.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of Transdigm Group stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $1,329.61, for a total value of $26,592,200.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,846,958.38. This represents a 71.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 142,149 shares of company stock worth $202,651,767 in the last three months. Corporate insiders own 4.09% of the company’s stock.

Transdigm Group Company Profile

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.