Alaethes Wealth LLC Acquires 939 Shares of TransDigm Group Incorporated (NYSE:TDG)

Alaethes Wealth LLC grew its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 194.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,421 shares of the aerospace company's stock after buying an additional 939 shares during the period. Alaethes Wealth LLC's holdings in TransDigm Group were worth $1,801,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDG. Wilmington Savings Fund Society FSB bought a new position in TransDigm Group in the 3rd quarter worth $618,000. Franklin Resources Inc. raised its stake in TransDigm Group by 2.2% in the third quarter. Franklin Resources Inc. now owns 205,543 shares of the aerospace company's stock worth $290,151,000 after buying an additional 4,442 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in TransDigm Group in the third quarter worth about $716,000. JPMorgan Chase & Co. lifted its holdings in TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after buying an additional 173,642 shares during the period. Finally, Versant Capital Management Inc boosted its position in TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock valued at $33,000 after acquiring an additional 18 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $28,355,659.64. The trade was a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $11,046,584.64. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 124,894 shares of company stock worth $167,450,256. Insiders own 4.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Truist Financial lowered their target price on 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. Susquehanna raised their price objective on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Barclays reaffirmed an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company decreased their target price on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,464.41.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,448.39 on Friday. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,468.00. The business's fifty day moving average is $1,348.86 and its 200 day moving average is $1,321.33. The stock has a market capitalization of $81.23 billion, a PE ratio of 51.09, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping analysts' consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the business posted $7.16 earnings per share. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

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.

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