Alliance Wealth Advisors LLC Has $2.81 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Alliance Wealth Advisors LLC reduced its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 9.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,033 shares of the aerospace company's stock after selling 215 shares during the quarter. TransDigm Group comprises 1.6% of Alliance Wealth Advisors LLC's holdings, making the stock its 12th largest holding. Alliance Wealth Advisors LLC's holdings in TransDigm Group were worth $2,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDG. Capital Advisors Ltd. LLC lifted its stake in TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after buying an additional 16 shares during the period. Park Square Financial Group LLC acquired a new position in TransDigm Group in the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. lifted its stake in TransDigm Group by 210.0% in the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after buying an additional 21 shares during the period. Golden State Wealth Management LLC acquired a new position in TransDigm Group in the fourth quarter valued at approximately $73,000. Finally, Whipplewood Advisors LLC acquired a new position in TransDigm Group in the fourth quarter valued at approximately $74,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TDG shares. Wells Fargo & Company upped their target price on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Truist Financial lowered their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. UBS Group upped their target price on TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Susquehanna upped their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Finally, Wall Street Zen upgraded TransDigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,492.36.

TransDigm Group Stock Performance

TDG stock opened at $1,466.48 on Friday. The company has a market capitalization of $82.37 billion, a price-to-earnings ratio of 51.73, a PEG ratio of 2.76 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 stock has a fifty day moving average of $1,383.93 and a 200-day moving average of $1,337.14.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. The business had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.17 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.99 EPS. Equities analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Buying and Selling

In other TransDigm Group news, Director Robert J. Small sold 1,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the sale, the director now owns 95,147 shares of the company's stock, valued at $127,042,177.34. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $1,434.35, for a total value of $4,303,050.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $5,163,660. The trade was a 45.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 109,713 shares of company stock valued at $154,267,457. Corporate insiders own 4.09% of the company's stock.

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.

Want to see what other hedge funds are holding TDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TransDigm Group Incorporated (NYSE:TDG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.